YES Bank Targets 1% ROA By FY25 End, Eyes Higher Profitability Post-SMBC Stake Acquisition
YES Bank Targets 1% ROA By FY25 End, Eyes Higher Profitability Post-SMBC Stake Acquisition is drawing significant interest across the industry.
YES Bank expects to end the current financial year with a 1 percent return on assets (ROA), rising above 1 percent next year, CFO Niranjan Banodkar said. Q3 net profit surged 55 percent YoY to Rs 952 crore, with annualized ROA improving to 0.9 percent. The bank has achieved 100 percent PSL compliance, reducing low-yielding RIDF balances from 11 percent to 6.9 percent.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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