YES Bank shares business update; here’s stock price target
A couple of brokerages including Kotak Institutional Equities and JM Financial hosted banks at their conferences, and YES Bank was among them. The private lender participated in the Kotak Midcap Conference 2024 and JM Financial India Conference 2024 and offered insights into its business activities.
Kotak said YES Bank Ltd has made significant improvements across various parameters, completely weeding out low-rated, high-yielding corporate lending. The YES Bank management told Kotak that it has not pursued an increase in unsecured retail lending. The proportion of credit cards, MFI, and Personal Loans at YES Bank is significantly lower compared to its competitors.
The management has made considerable progress in turnaround efforts…
