YES Bank will stay away from large corporate borrowers: CEO Prashant Kumar

Says foreign firms keen to invest in proposed ARC

YES Bank intends to stay away from large corporate businesses as it looks to rebuild its loan book in the mid- and small-corporate segment, according to Managing Director and CEO Prashant Kumar.
 
Kumar acknowledged YES Bank had, like some of its peers, seen increased stress in its retail segment, which had touched nearly 3 per cent in this financial year compared with 1 per cent during pre-coronavirus times, but said things were improving.
 
"Stressed loans in both retail and corporate have peaked and as far as asset quality is concerned, the bank is completely out of the woods,"