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Battered by mounting NPAs and top-level exits, can Yes Bank script a turnaround under its new CEO?

Yes Bank shares have plummeted 78% over the last one year. Though the bank’s new management has signalled its intentions for a turnaround, it’s going to be a long road ahead. Containing slippages, raising fresh capital, and managing asset-quality problems will be the top priorities for the troubled lender.
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14 Oct 2019 7 Mins Read 2 comments
The Yes Bank head office in Mumbai; and (inset) Ravneet Gill, managing director and CEO; courtesy of BCCL and Getty Images
The Yes Bank head office in Mumbai; and (inset) Ravneet Gill, managing director and CEO; courtesy of BCCL and Getty Images
When Rana Kapoor and Ashok Kapur set up Yes Bank in 2004, India’s economy was at the cusp of a multi-year boom, with the government ushering in a second wave of policy reforms. The Mumbai-based lender soon came to be regarded as the poster boy of new-age banks. But almost a decade and a half since, after numerous awards and
start with a clean slate. However, turnaround strategies take time. Containing slippages and portfolio rebalancing will be the major challenges which will show on the future financials of the bank. With the first half of the fiscal already over, the next board meeting will hopefully provide some more clarity over the lender’s strategy. ( Graphics by Mohammad Arshad)
When Rana Kapoor and Ashok Kapur set up Yes Bank in 2004, India’s economy was at the cusp of a multi-year boom, with the government ushering in a second wave of policy reforms. The Mumbai-based lender soon came to be regarded as the poster boy of new-age banks. But almost a decade and a half since, after numerous awards and start with a clean slate. However, turnaround strategies take time. Containing slippages and portfolio rebalancing will be the major challenges which will show on the future financials of the bank. With the first half of the fiscal already over, the next board meeting will hopefully provide some more clarity over the lender’s strategy. ( Graphics by Mohammad Arshad)

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