Avinnash Gorakssakar, Market Expert is of the view that one may hold Yes Bank.
CNBC TV18
@moneycontrolcom
Avinnash Gorakssakar, Market Expert told CNBC-TV18, "One should hold Yes Bank. Our sense is bank has been showing very strong numbers on the profitability front and the CASA ratio has also improved. I would believe that as far as the retail penetration is concerned Yes Bank is growing admirably and should do so for the next couple of quarters."
He further added, "What is a little bit concerning is the recent RBI divergence on the asset quality and I think that would keep the stock under check but in the next six to 12 months I think hopefully once these issues are resolved definitely this bank has got great potential. So, I think hold on, there is nothing more to worry but in the short-term the stock could remain a little volatile."
