Yes bank


(AKGupta) #726

So I don’t know if this fact counts for a lot but I was just browsing through some internal buying and selling in Yes Bank scrip last week and came across Vipin Malhotra’s name who is President of Internal Audit at the Bank (according to his Linkedin profile) and has bought around 5000 shares at an average price of ~220.

While EVP Corporate Banking,Girish Rajpurohit has sold around 10K shares out of his 26K.

Some other top executives have “pledged” or borrowed against their shares as well:


(atul1082) #727

All these are mixed information.what do experienced boarders make out of it?


(abhijain) #728

awesome post Yogesh…with the tweets from Rana Kapoor, I am optimistic that there will be a positive move in stock tomorrow


(abhijain) #729

its just a perception battle which would vary from people to people.
While I respect your views on the experience u have at YB, i would like to reiterate, thats person and branch specific.
Though i have been associated with HDFC bank as corporate salary holder for the last 11 years, I feel HDFC bank is also straight forward and they dont give me any special treatment.

Kotak bank- i have had horrible experiences, I wonder how can it be considered at par with HDFC Bank?

Rana Kapoor has built the bank from scratch, and in a country like ours, we need constructive dictators to ensure growth.


(vij) #730

I suppose it all depends on the different branches. Kotak has been fantastic for me and I hold both corporate account and savings account. For some reason I received a lot of spam from Yes bank due to some account mixup (I don’t even hold an account with them).


(Mayank Narula) #731

I think people should stop reading too much into common employees buying and selling few stocks. First person might be having some extra cash and other guy might be sitting on hefty profit on his ESOPs and now sold it. People pledge their holding to raise cash as well. Doesn’t mean a thing. In all probability, they are people like us and has been with the bank for majority of it’s existence. Yes Bank is well known in banking circles to reward its people with big bonuses (bigger than market trends) and promotions.

Bigger picture is that bank is undergoing leadership transition (somewhat forced by RBI) and this is leading to a major reaction by the market. Of course, there are some things wrong with the Bank, but my bet is that they can deal with them adequately. Being the best paymaster in the industry, bank is filled with talented people all across verticals and horizontals such as business people, Credit, compliance, treasury, trade, project finance and branch services. As an ex- yes bank employee, I can vouch for it. Whole world knows that yes bank cost of fund is higher than the rest, but still it is next to impossible to take over their business due to quality of service.

So as an ex- employee, I can assure you that Yes Bank is now too big an organization to be dependent on one person. Next 4-6 quarters may be a bit tumultuous, but bank is more than capable of life with Rana Kapoor at top.

Regards,
Ex- yes banker (2012-2015)


(AKGupta) #732

Thanks for your insights as an ex-employee. Really helps!
As for employee trades, like I said in the beginning of my post “don’t know if it counts for much” and for me it doesn’t really because of the reasons you mentioned as well. But thought of sharing anyway.

Regards


#733

‘Too big to fail’ has happened before. Do you think that doesn’t apply to Yes Bank right now?


([email protected]) #734

Protracted internal battle, probably will add to the present uncertainties.

Regards


(Mayank Narula) #735

I said too big to be dependent on one person, not too big to fail. Both are different things. I have just shared my views. You can leave it or take it.

Also, Yes Bank is a start-up. Tell me one start up where ownership and decision making is not concentrated into one individual or co-founders. Same is the case for Yes Bank during first 5-10 years.


#736

There are many concerned souls in this thread, we could get as much information covering as many angles as we can, so asked.

Thank you.


(jainnitinp) #737

I guess you meant life without Rana Kapoor at the top? Thanks for your perspective.


(jainnitinp) #738

It seems more like an NPA sale to an ARC in the normal course of business.


([email protected]) #739

This is not an argument, my reading of the recent development could be off target. As per the news article, on 20.4.17 RK had informed that they expect the recovery very soon from the loan exposure to a cement company.

When & if the same account is hived off to an ARC now, questions on earlier assessment of 2017 do crop up.

Regards


(jainnitinp) #740

If you read the press release carefully, it seems it is not the bank’s entire exposure to BJCL that has been sold off to the ARC - “resulting into changes in holding of the Bank by more than 2% of the total shareholding of BJCL.


(jainnitinp) #741

Key takeaways -

  1. Yes Bank put under watch list by CARE not because of something suddenly having gone wrong with the fundamentals. But primarily due to the uncertainty arising out of RBI’s decision to end the MD’s term on Jan 31, 2019. The ratings assigned to various debt instruments of Yes Bank Limited (YBL) have been put on ‘credit watch with developing implications’ on account of the recent communication from the Reserve Bank of India (RBI) restricting the tenure of the current Managing Director and Chief Executive Officer (MD & CEO) Mr. Rana Kapoor, till January 31, 2019, as against the three year extension approved in June, 2018 by the shareholders.

  2. Asset Quality -
    a. Furthermore, the bank reported that, as on March 2018, of the Rs.6,355 crore of NPAs reported as divergence, Rs.485 crore remain classified as NPAs by March 2018. The bank received payments of Rs.2,434 crore and sold Rs.803 crore of NPAs to Asset Reconstruction Companies (ARCs). The remaining Rs.2,633 crore of loans were upgraded to Standard assets. As on June 30, 2018, the bank reported Gross NPA ratio of 1.31% and Net NPA ratio of 0.59%.
    b. The bank has relatively low exposure to NCLT cases vis-à-vis other public and private sector peers with total exposure of 0.32% of Gross advances to NCLT List 1 and 2 accounts combined as on June 30, 2018.

  3. Loan book - In FY18, YBL’s retail advances nearly doubled to Rs.24,831 crore (Rs.12,471 crore as on March 31, 2017). However, the share of retail advances to total advances did not increase proportionately as the corporate loan book also registered a strong growth of 54%.

Yes Bank Limited-09-28-2018.pdf (446.3 KB)


(Manojlion) #742

Interesting screenshots these





(venkat457) #743

The same info they submitted to exchange as well.


(venkat457) #744

Just for info if anyone missed this interview which is just done.


(Storyteller) #745

Samir Arora on Bandhan Bank and Yes Bank among other things. Yes Bank @6.20