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Prashant Kumar: Latest News

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23.07.2021 / 17:07

Second covid wave leads to retail stress buildup at Yes Bank

₹790 crore in the June quarter, from ₹234 crore in the March quarter and ₹513 crore in the June quarter of the previous year. Loans turn non-performing if repayments are not made within 90 days of the scheduled date.

India pandemic Waves

Yes Bank rescue happened in the nick of time before pandemic struck: CEO Kumar

Mumbai: Yes Bank’s rescue act in early March 2020 happened in the nick of time ahead of the COVID-19 pandemic, and even a 15-day delay in it would have meant great difficulty for a lender about to close down, its new managing director and chief executive Prashant Kumar said. Speaking for the first time about the journey since the RBI and the government moved in to bailout the lender seeing an exodus of deposits with a ₹10,000-crore rescue act led by SBI, Kumar acknowledged that the thread was very slender and the timing was very apt.

India city Mumbai covid-19 pandemic Government

Will capital starved Yes Bank get what it needs?

Shares of troubled Yes Bank surged over 10% today even though benchmark indices were in the red. Investors of the bank seem to have taken comfort from the commentary by its newly appointed chief Prashant Kumar.

Rana Kapoor covid-19 outbreak testing

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Detail statistic

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