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Yes Bank appoints Dayal as business banking president
MUMBAI: Yes Bank today announced the appointment of Munish Dayal as president business banking. He will be responsible for planning, directing and steering the business banking (Small and Medium Enterprises/Emerging Local Corporate relationship based) activities of the bank.
Prior to joining Yes Bank, Dayal handled various responsibilities across diverse business functions and geographical locations for Citigroup, most recently based in London and prior to that in India.
Dayal is a commerce graduate from Sriram College, Delhi and a merit holder of the Business Administration degree from Faculty of Management Studies (FMS), Delhi.
Earlier, he was the Business Head at Citibank and was responsible for developing and managing the SME segment in Europe, Middle East and Africa. He has vast, cross-functional experience in banking, encompassing Transaction, Retail and Financial Institution Banking, apart from a sound product and operational knowledge. Being on the international circuit, he has a global perspective of the business and brings a lot of value to the table. Dayal has also undergone various training programs and has a number of awards and recognitions to his credit.
Having worked across continents, Dayal has a global perspective of the business and brings with him knowledge of latest trends and growth opportunities to Yes Bank.
Dayal said, “I believe I can make significant addition with my vast domain experience that will complement Yes Bank’s corporate ethos of being a knowledge driven institution. I am positive that our association will help garner new business opportunities in the SME sector. It’s always a pleasure to be a part of such a high powered team. I believe at Yes Bank, there is a unique entrepreneurial opportunity to create a paradigm in Banking as opposed to being a pert if predefined, age-old systems in established Banks.”
Speaking on the new appointments Yes Bank MD and CEO Rana Kapoor said, “It is our fullest endeavor to attract the finest talent in India in a pursuit to build a world-class organisation and create an institution of enduring trust and value. Munish’s understanding of the Commercial Banking/ SME business at Citibank in various locations as well as his vast, cross-functional experience in banking, encompassing Transaction, Retail and Financial Institution Banking, will give Yes Bank an edge in our quest to establish a high quality, technology driven, state-of-the-art private Indian Bank.”
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
