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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The bank, following its March 2020 bailout, may have gone overboard in its quest for safety. That may soon change as it looks to acquire a microfinance business with the promise of high returns.
Prashant Kumar may have overplayed the safety card. And, that’s beginning to hurt Yes Bank.
Four years ago, when he took charge as its CEO, the bank was in shambles. A fourth of its loan book had turned bad and deposits were flying out the door. Such was the state of its liquidity that it barely had cash to run operations for two weeks. Its balance sheet had shrunk by a third in just a year. In short, its chances of survival looked bleak.
Kumar had to rebuild Yes Bank from scratch, and he did well in getting the bank …
