YES Bank on track to raise $1 bn by way of a share sale: CEO Ravneet Gill

On its large size of below investment grade exposure, Gill said their non-investment grade figure went up from Rs 6,000 crore to Rs 20,000 crore and it was not a very granular portfolio

Newly appointed Yes Bank CEO and MD, Ravneet Gill is confident that the bank will be able to come out of the present crisis and maintain its guidance on cleaning up its books and margins. In an interview with Abhijit Lele and Dev Chatterjee, Gill says the bank will be able to come out of the NBFC and stressed portfolio crisis in two quarters. Excerpts.

Global broking firm UBS Securities has come with scathing report on the Bank raising questions over areas like capital adequacy, credit costs, stressed portfolio etc?

The fact of the matter is that report was not