‘Retail loan stress may remain high in Sept quarter’

Yes Bank CEO Prashant Kumar foresees high retail stress in the September quarter, attributing it to aggressive unsecured lending. Lending has since slowed, and collections have been strengthened. Investments in the Rural Infrastructure Development Fund affected profitability, but no more funds are required. The bank plans to expand its deposit base by increasing branch networks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zAMuNQS

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