Brief: Yes Bank Exec Expects Sale Of Energy, Road Verticals Of IL&FS To Be Completed In 3-6 Months

IL&FS Engineering and Construction

24/01/2019 10:48

Jan 24 (Reuters) - Yes Bank Ltd  YESB.NS  Senior Group
President, Financial Markets Rajat Monga:
    * EXEC SAYS  IL&FS IS A RECOVERY IN PROGRESS
    * EXEC SAYS BELIEVE THERE IS SUBSTANTIAL RECOVERY ESPECIALLY
IN
IL&FS ENERGY AND ROADS VERTICALS
    * EXEC SAYS EXPECTING PROCESS OF SALE OF ENERGY AND ROAD
VERTICALS
OF IL&FS TO BE COMPLETE IN 3-6 MONTHS
    * EXEC SAYS SHOULD START SEEING RESULTS ON RESOLUTION OF
IL&FS IN
3-6 MONTHS
    * EXEC SAYS EXPECT LOW COST DEPOSIT RATIO TO GO UP BY 2-3
PERCENT
PER ANNUM


Further company coverage:  YESB.NS 

 ((Reuters.Briefs@thomsonreuters.com;))