The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, its new chief executive and managing director Prashant Kumar told PTI. Kumar was asked to lead Yes Bank in March after its rescue by a SBI-led consortium of lenders after alleged governance lapses under co-founder and chief executive Rana Kapoor.source https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-lacked-cost-control-aim-to-cut-op-expenses-by-20-in-fy21-ceo-prashant-kumar/articleshow/78856845.cms
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