Bloomberg Yes Bank Ltd’s top executive said the Indian lender is putting its problems behind it and will focus on earnings growth after profit surged in the first quarter. “We have been able to take care of the legacy issues,” Prashant Kumar, the bank’s chief executive officer, said in a Bloomberg TV interview on Monday. “Going forward, there will be ...

Bloomberg JPMorgan Chase & Co is planning to more than double the advisers in its traditional broker business as the Wall Street giant plots an expansion in wealth management amid intensifying competition for rich clients. The bank aims to hire more than 500 advisers in coming years, bringing its total in the unit to 1,000, said Kristin Lemkau, who oversees ...

Bloomberg Kotak Mahindra Bank Ltd posted an increase in first-quarter profit buoyed by a jump in income from non-lending businesses, including fees for services, even as its bad loan ratio widened because of a deadly second wave of Covid-19 infections during the period. Net income at India’s fourth-largest private lender was 16.42 billion rupees ($220 million), a 32% jump from ...