YES Bank’s net profit and NII figures were above Street estimates. During the quarter, the bank’s interest income rose 2.3% YoY to Rs 7,616 crore while net NPA (non-performing asset) came at 0.3% against 0.5% quarter-on-quarter.
Stay focused on domestic fundamentals; no need to react to every US macro move: Sandip Sabharwal
According to Sandip Sabharwal, the proposed US remittance tax is the primary concern for Indians, potentially affecting remittance flows and increasing costs for the Indian