Yes Bank Shares Climb as CEO Pledges to Build on Profit Recovery

WATCH: CEO Prashant Kumar discusses first-quarter results and the outlook for the bank.Source: Bloomberg

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By Suvashree Ghosh and Juliette Saly

July 26, 2021 at 5:55 AM UTC

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Yes Bank Ltd.’s top executive said the Indian lender is putting its problems behind it and will focus on earnings growth after profit surged in the first quarter.

“We have been able to take care of the legacy issues,” Prashant Kumar, the bank’s chief executive officer, said in a Bloomberg TV interview on Monday. “Going forward, there will be continuous improvement.”