Mumbai, Jan. 25 -- Private sector lender Yes Bank, which would have seen its non-performing assets (NPA) ratio touch 20% in the third quarter had it not been for a Supreme Court order, is expecting it to decline from the next quarter, managing director and chief executive officer Prashant Kumar said. Collection efficiency has rebounded to 96% and cheque bounce rate has come down to 9% from 19% during the peak of the pandemic, Kumar said in an interview.

"We need to recognize there is a problem. When the GDP is contracting and we assume that there is nothing wrong, that's not fair... Whatever is the covid impact, we are making provisions..in our assessment, this is the peak. We expect things to improve only," Kumar added.

Yes Bank report...