Moody's upgrades Yes Bank on improved financing health
The rating company changed Yes Bank's outlook to 'positive' from 'stable' earlier. Moody's has upgraded Yes Bank's issuer rating to B2 from B3 because its funding and liquidity have substantially improved in the past year, which have strengthened depositor and credit confidence in the bank.
BoB profit up, bank expects to keep credit costs in controlThe rise in other income made up for the tepid growth in net interest income (NII) which is the main income the bank earns by giving loans. NII increased 2% to Rs 7566 crore largely as cost of deposits fell to 3.52% in September 2021 from 3.99% a year ago and covered up for a 6% fall in total interest earned.
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