People generally get united to oppose /fight something. Why is the board getting united? What is the threat?
Hardly, people get united to progress or do something good.
Former RBI Deputy governor is also attending their board meetings so if really something very serious issues can’t he complaint to RBI immediately ??
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Indian promoters keep teaching new lessons every day. But we need to stop learning the hard way and start learning from other people mistakes or we can never be ahead of the game in India. It’s very hard to unlearn bad habits but I am staying away from questionable management in the name of diversification. It’s much better to have 10 stocks than to have 15 with an Yes Bank and Indiabulls in the portfolio!
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Indiabulls housing fin releases pledged shares (with Yes Bank) worth more than 500 crore. Will it have any material impact on share price or NPA situation of Yes Bank?
I think yesbank got much needed capital I guess before the huge capital raising which they announced
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Shares would have been pledged to borrow money from bank, so release of pledge wouldnt mean that borrowed money has come back? Also, the document filed to exchange, image of which I posted earlier, mentions that release is resulted after full payment of loan.
Whether Bank lends to NBFC or NBFC lends to a Bank everyone knows in this forum. Post clearly mentioned IndiaBulls promoter entity repaid said loans fully and hence pledged was released. People spreading rumors shouldn’t be in this forum. Moderators should note.
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The bet is only on Ravneeth assuming he walks the talk( No more NPA’s apart from 10K CR in the watch list, 1B$ capital raising plan intact and hoping this happens in next few weeks, ROA target of 1% which has fallen to 0.5% from 1.6% ). on the downside if the slide continues by 30 to 50% from here on, Yes could be a sure shot acquisition candidate.
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Sorry, I misunderstood. I thought the opposite.
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page not found…can you pls attach the same?
This is the report which Raman Tiwari posted above
Nirmal Bang Report
I think both of you are invested in Yes Bank and hence have studied this company in detail. I would like to seek your opinion about this stock. Is the damage more structural in nature due to promoter issues and dodgy lending practices or you feel with new leadership in place, it can be overcome…
I respect your knowledge in this area and hence would love to hear back from you
Discl - invested in last 2 months
Sorry to take the liberty of jumping in but ultimately its the PE investors putting in fresh money who will decide the near term fate of this stock. Anyone putting in half of a billion to one billion will do a thorough due diligence. I see no other trigger for the stock for now. Also given that the last QIP happened at 300 per share about 2 years back, the current QIP should happen at a minimum of 150 if not more.
20K is the sub-investment grade book. 10K is the watch-list out of that. Not every loan out of the 20K book is on the watch-list. Nothing has changed
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Will this be good for minority share holders and for Bank if they can raise 1.2 billion dollars. What impact it will have on valuations. At current price , its trading on book value , I assume raising funds will dilute equity and decrease EPS but it might increase Book value , as net worth will increase due to infusion of capital. So , will this be positive or negative for minority shareholders. I am not an expert in financial analysis , can any one please answer my query.