Mumbai-based private sector lender Yes Bank is expecting to overtake the recovery target of Rs 5000 crore in Financial Year 24-25, said Managing Director and Chef Executive Officer Prashant kumar during the post-results conference call on January 27.
"We have targeted for recovery of Rs 5000 crore in FY24-25. So far, we have recovered Rs 38,00 crore, expecting to recover Rs 15,00 crore in next Q4FY24, suppressing the target," he said.
Yes Bank's Q3 net profit rose to Rs 231.6 crore for the quarter ended December 31 from Rs 51.5 crore a year ago, the bank said in a statement to stock exchanges on January 27. Earnings, however, missed analysts' estimates of Rs 415.1 crore.
(This is a developing story, please come back for more details)
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
