Yes Bank shrinks its loan book by 4% to enhance capital efficiency

The lender says its financial and operating metrics are intrinsically sound and stable, with liquidity position well in excess of regulatory norms

Private sector lender Yes Bank has shrunk its loan book by four per cent to Rs 2.32 trillion in three months ended September 2019 to enhance efficiency of capital.

The financial and operating metrics remain intrinsically sound and stable, with liquidity position well in excess of regulatory requirements, the bank headed by Ravneet Gill said in a statement. This statement comes in the backdrop of the reports about the challenges Yes Bank may face from exposure to non-banking finance firms that have funded the troubled real estate sector.

The Yes Bank stock has dropped sharply over the past few weeks,