Mumbai, Dec 11, 2015
It has been brought to the notice of YES BANK management today that there are some unverified concerns regarding asset quality.
Through this note the YES BANK management reiterates its credit cost guidance of 50-70 bps for FY 15-16, as communicated by the MD&CEO during the 2nd Quarter Results Press conference held on Oct 30, 2015.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/