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YES Bank to Cover 60% of Bad Loans by June
January 23, 2018
Private sector YES Bank said that it plans to raise its provision coverage ratio (PCR) to 60% by the end of June for protection against the Non-Performing Assets (NPA). As of today, the bank’s PCR rests at 46.6% which is a lot lower than last year’s 66.0%.
YES Bank’s MD and CEO Rana Kapoor said that they want to achieve a PCR of 60% by June 2018, adding that their current credit costs are standing at 64 bps which could be raised to 75 bps in the fourth quarter.
