Retail mantra helping YES Bank reverse the slide in advances
Synopsis
Yes Bank had to shrink its loan book in the last few quarters due to an outflow of deposits. However, this quarter the bank was succesful in arresting the slide of deposits and could also add new loans.
Mumbai: Yes Bank has been able to reverse the tide in its advances book and record its first growth in loans in the last one year led by higher disbursements in retail loans.Results released on Friday showed that the bank's advances grew 1.5% compared to June to 1.66 lakh crore but was still lower than the Rs 2.24 lakh crore peak a year ago.Yes Bank had to shrink its loan book in the last few quarters due to an outflow of deposits. However, this
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