Expect slippages to rise to 9% post lockdown: YES Bank's Prashant Kumar

The plan to raise up to Rs 15,000 crore is very much on. We have identified six merchant bankers for the process and are waiting for the Q4 results to be out, YES Bank's MD said

YES Bank approached markets regulator Sebi to fast-track approval for raising capital by June, given it had less-than-mandated equity capital. Prashant Kumar, managing director and chief executive, said in an interview to Hamsini Karthik and Abhijit Lele that the days following the lifting of the lockdown will push delinquencies to 8-9 per cent. Edited excerpts:
 

Breaching of capital adequacy has come as a surprise…
 

We could have opted for two things — not to make a provision to conserve capital, and make the provisions on another day. Or, we could have raised capital, and then made the provisioning. In both