Once considered a panacea for the bank’s troubles, the retail banking segment seems to have become a threat to the private lender’s profitability.
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The Yes Bank CEO ushers in a spate of changes in the retail banking business to stem its loss-making streak.
The bank, following its March 2020 bailout, may have gone overboard in its quest for safety. That may soon change as it looks to acquire a microfinance business with the promise of high returns.
While the payments bank’s new board tries to impress RBI by scrubbing all links with its parent and founder, the regulator may well be biding its time before it pulls the plug.