Amazed that they could not find any good external candidates for top post.
Finally an internal candidate Mr Brahm Dutt for next 18 months, will be interesting to see how markets react
As per an article in Money Control of 11.1.19, Mr Paresh Sukthankar’s name is also short listed.
Hope they would bring in a person with good experience and reputation who may not bring back the past glory but could bring the bank out of the crisis and deliver good performance.
Paresh Sukhathankar is very well respected name in the banking circles and was expected to succeed to Aditya Puri at HDFC bank before his sudden departure. It would be big deal if he accepts to take over the job of CEO at Yes Bank. The stock may get immediately re-rated once the announcement happens.
Also Mr. Sukhatankar can join relatively quickly as he is not involved in full time job in any other bank as of now (involved in some education initiatives)
Looks like interesting times ahead!
Second month in a row & looks like the correction has made YES a favourite for Kotak, SBI & Reliance
Yes Bank Ltd - 532648 - Outcome of Board Meeting
People who are tracking this closely , can you please share your views on new CEO. How has his track record been in previous companies and how he is as a person of integrity. Can we assume that he can bring back past glory. Or bank will still be under control of RK indirectly. Trying to understand if he is just a puppet ceo or can be a game changer person.
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Disc : Holding since 5 years
I feel, till RK and his family are completely severed from the business, he will be indirectly calling the shots, and will only select a CEO who will co-operate with him in certain ways. I believe, there is bound to be way too much dirt under the carpet, and it will take RK time to sort it out.
It is not like, RK gets fired and everything gets sorted. There is bound to be plenty which the public cannot know.
Am just trying to join the dots, from what I have read in the media. Consider the above only as a conjecture. There have been almost a dozen companies under various names who have taken loan with Yes Bank in the back drop. These are muddy waters.
If the waters were not muddied and the matters were clear one way or other, then stock would have been at 100 or 400.
I see promoter holding has gone down as of Dec’18 as per Moneycontrol. Has somebody from the promoter group sold more shares (apart from Madhu Kapoor’s share sale)?
Edit : it seems Mags Finvest has sold around 0.07% of equity in Dec quarter.
Percentages don’t tell everything. Minor dips are due to esops… check absolute numbers for clearer picture.
Seems UBS on personal revenge mode. How come the target price is so low even without having divergence report yet.
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