Retail engine revs up but YES Bank has hands full on asset quality

Its deposit base as of December 31, 2020 (Q3) had risen to Rs 1.46 trillion, up 8 per cent sequentially, though below a year ago's Rs 1.65 trillion

Around the same time last year, the fourth-largest private lender, YES Bank, was placed under moratorium and it was hell let loose for the entire banking sector. Squashing rumours around another forced merger, the banking regulator stitched a never-seen-before rescue plan for YES Bank -- with State Bank of India (SBI) donning the promoter’s hat and seven private lenders, including ICICI Bank and HDFC Limited, swiftly infusing Rs 12,000 crore equity, helping YES Bank exit the moratorium on March 17, 2020, ahead of its one-month period.

Recalling his biggest challenge at that juncture, Prashant Kumar, MD & CEO of YES Bank,