Yes Bank Share price: Anand Rathi maintains Sell rating with price target of Rs 14
Yes Bank margin expansion, higher non-interest income and lower opex led to a sharp, 1008 bps, sequential decrease in Cost to income ratio, which improved to 39.2%. With the standstill on NPA recognition, asset quality improved. However, Yes Bank’s management disclosed a stressed pipeline of Rs 185 bn, almost twice as much as in Q2 FY21.
Yes Bank slippages are expected to be higher than what management had talked about earlier: Reuters