YES Bank looks to recover Rs 8,500 cr from loan defaulters in next fiscal

YES Bank is hoping to recover about Rs 8,500 crore from its loan defaulters, mostly corporate entities, in the coming financial year (which begins April 1), said the bank’s administrator on Tuesday. 

In the December-quarter results, which the bank announced last week,its gross non-performing assets (NPAs) more than doubled to Rs 40,709 crore from Rs 17,134 crore in September.

Addressing the media a day ahead of the lifting of a moratorium on YES Bank’s operations, administrator Prashant Kumar said the bank had made adequate preparations for any surge in withdrawal of deposits.

“All our ATMs and branches are sufficiently filled