While praising the commendable turnaround seen in YES Bank’s March quarter earnings, domestic brokerage firm ICICI Securities has retained its ‘sell’ rating on the private bank with a target price of Rs 20 saying that the valuations remain unattractive.“The bank is making concerted efforts in organic PSL origination, which should ease incremental RIDF burden, aiding yield and RoA trajectory. We estimate sharp improvement in RoA to 1.0% by FY26 vs FY24 RoA of 0.3%, led by improving…
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