Yes Bank better placed on bad loans, but has miles to go
The bank’s board also approved an enabling resolution to raise ₹10,000 crore at its meeting last week.
Synopsis
The stressed book now exceeds ₹18,000 crore, and that includes advances still not labelled non-performing assets (NPAs) because of a Supreme Court stay, although some are due for more than 60 days and likely to slip.
Mumbai: Yes Bank’s asset quality isn’t really giving sufficient comfort to the Street less than a year after an unprecedented bailout — regardless of the quarterly reduction in bad loans. The bank, however, believes profits from now on will help negotiate asset-related challenges.The stressed book now exceeds ₹18,000 crore, and that includes advances still not labelled non-performing assets (NPAs) because of a Supreme Court stay, although some
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