The bank has been able to see some decent amount of changes in their growth rate. While a lot of banks kept suffering, Yes Bank has somehow managed to stay afloat. The Government of India helped the bank get investments from various banks giving them more financial support to help cover their losses and bring in some new changes. The bank saw good traction in the disbursement of their retail and MSME loans. In the current quarter, Yes Bank disbursed about Rs.6000- Rs.6500 crore in both the retail as well as the MSME. They are further targeting a disbursement of about Rs. 10,000 crore on both the fronts giving them a fee income and interest. During the pandemic, they utilized most of their resources to keep from drawing and offering uninterrupted service to their customers. The Bank understood the importance of stability and the requirements of their customers making them work more efficiently in these challenging times.
Alongside, the bank has also been able to keep a check on their cost control. The Yes Bank has been able to reduce its cost by almost 21% this fiscal. From the view of operating point and fee income angle, the bank is almost back to normal after being hit by the pandemic. If this quarter is compared to that of the same quarter of the last two financial years, Yes Bank is not far from making a strong and impressive recovery. The bank’s management is also looking forward to much better income stability and profit rate in the further quarters of the year.
The Bank has also updated its online portal making all its services available and more readily acceptable for all. The Yes Bank Gold Loan with its renewed rates is sure to bring more profits to the bank’s books.
We at Dialabank are here to take care of all your financial needs. We help you get connected to the right bank so that you get the best rates for your gold. You can get in touch with us by visiting our website, www.dialabank.com or call us on 9878981144.