Has the crisis at Yes Bank been forgotten?

A year after the private lender was brought back from the brink, it seems to have lost some of the will to retrieve the monies owed to it.

It almost seemed like business as usual at Yes Bank. 

Last week, when it announced the results for the quarter ended 31 December 2020, mention was made of a modest profit of Rs 151 crore. And the fact that its net interest income, or the difference between interest earned and interest paid, had expanded 29% quarter-on-quarter to Rs 2,560 crore.

The results went on to flag a high level of non-performing assets (loans gone bad), which would require another round of capital infusion, but no one seemed unduly concerned. Not even by the fall in the stock’s price following the …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor




Jayshree P. Upadhyay

Jayshree is a former writer at The Morning Context. As journalist, she had nearly a decade of experience across Mint, Business Standard and Bloomberg TV India. The bulk of her career has been devoted to tracking the capital markets regulator, exchanges, regulatory policies, financial scams and corporate governance issues. One of her biggest breaking stories was her incisive coverage of the colocation scam which put the lapses at NSE in the public domain.