New investor should have a say in Yes Bank CEO succession plan

Yes Bank's net profit jumped 59 per cent year-on-year to ₹801 crore in Q1, driven by a solid rise in both net interest income and non-interest income. Yes Bank Managing Director and Chief Executive Officer Prashant Kumar spoke to Subrata Panda in an interview in Mumbai on the bank's growth plans and succession planning. Edited excerpts:

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The bank's loan growth in Q1 was lower than its peers and the industry. What's your view?

We have taken a very strategic call to grow only in those segments which are profitable. We have said we would be looking for profitable growth. On the retail side, we grew by 0.3 per cent in Q1. But within retail, we have retail assets and the microenterprise business (MIB) that has grown by 11-12 per cent. But there was slight de-growth in the retail assets because we are not there in the two large components — prime home loans and new car loans — that do not make money for us.

Do you stick to your guidance of 10-12 per cent loan growth in FY26?

Yes, absolutely. We are hopeful we would be able to grow in that range.

Where do you see that growth coming from in the next few quarters?