What can you expect from a room full of darkness? Spirits? Depression? Loneliness?
How about “A ray of sunshine”?
YES BANK just posted its Quarter 1 results for April-June 2020 at a net profit of 45Cr. On a YOY comparison, a decline of 60%. Seems bad right? Maybe not.
An increase of 11% in its depositors after the moritorium which was imposed in q4 by the authorities and provision of around 600Cr for Covid in this quarter itself tells a different story. Not to forget the FPO and giants like SBI putting their investments into it.
Maybe Yes bank is ready to take a leap, maybe it just took few steps back to go for the kill. With new investments and investors coming in, where will yes bank land?
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Open for discussion, your views will be highly appreciated. Thanks
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Disclaimer: Views expressed on MoneySymphony.com are just an expression of thoughts. To no extend we are or should be held liable for any losses or conflicts. MoneySymphony.com suggest users take advise from certified experts before any investment decisions. User actions may carry risk. All decisions remain the sole responsibility of the individual only.