Regaining investors confidence remains an uphill task for YES Bank

Asset quality still an unconvincing weak patch; quality of deposit growth also needs monitoring

Topics
YES Bank | Investors | stocks

Hamsini Karthik 

YES Bank reported its September quarter (Q2) results last Friday and in anticipation of an improved performance, its stock was locked in the upper circuit with gains of 5 per cent. While Monday’s weak market condition was a drag on the stock, the critical aspect to acknowledge is that despite two successive quarters of net profit (Rs 129 crore in Q2 bettering Q1’s performance), analysts aren’t in a hurry to reconsider their stance on the stock.

While ICICI Securities has a hold rating on the stock, a majority of brokerages remain negative on the stock. The ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 26 2020. 17:52 IST
RECOMMENDED FOR YOU
.