Yes Bank CEO Prashant Kumar expects the bank's NPAs to decline next quarter
Mon, Jan 25, 2021 8:45 AM

Yes Bank CEO Prashant Kumar expects the bank's NPAs to decline next quarter

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Yes Bank, which would have seen its non-performing assets (NPA) ratio touch 20% in the Q3 had it not been for an SC order, is expecting it to decline from the next quarter, MD and CEO Prashant Kumar suggested. He further opined that collection efficiency has rebounded to 96% and cheque bounce rate has come down to 9% from 19% during the peak of the pandemic.

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