Company: YES Bank Ltd. Category: Broker Research

YBL had posted quite a good numbers for Q3. Bank in its Q3 FY19 earnings had given credit cost guidance of 80bps for FY19 (including any further provisioning related to IL&FS group).
April 11, 2019, 1:15 p.m.

Yes Bank has received the RBI approval to appoint Mr Ravneet Gill as the new MD & CEO effective Mar 01, 2019.
Jan. 24, 2019, 11:05 a.m.

Yes bank will be able to finalize the two external experts for the “Search and Selection Committee” by end of this week. A Global Leadership Advisory firm will be appointed by next week which along with the “Search and Selection committee” will evaluate both internal and external candidates for successor.
Oct. 3, 2018, 11:47 a.m.

We take cognizance of events post-19th September and their real impact on the business outlook for Yes Bank (YBL). (1) The high quantum of YBL stock price decline on 21st September, we aver, was on the back of sentiment and not fundamentals.
Sept. 26, 2018, 11:38 a.m.

We downgrade Yes Bank to ACCUMULATE (from BUY) with TP of Rs250 based on 1.8x FY20ABV (from 2.7x multiple). Yes bank’s outcome of board meeting has left several loose ends and prolongs uncertainty regarding the succession.
Sept. 26, 2018, 11:34 a.m.

We stress that considerations surrounding Rana Kapoor’s extension as MD & CEO of Yes Bank (YBL) is already largely in YBL stock price since (1) having to recognize upgraded divergent accounts (FY17-end) as NPA would imply only a 12.8% erosion of FY18 book value, even assuming a conservative 70% loss-given-default.
Sept. 21, 2018, 11:08 a.m.

Yes Bank is 4th largest private bank with loans & advances of INR 2.04trn and total assets in excess of INR 3.0trn. Bank operates with 1,100 branches across the country. Bank is increasing the focus to retail banking, which has grown by 99% Y-o-Y in FY18. This segment contributed 12.2% of total advances in FY18 as compared to 9.1% in FY15.
July 23, 2018, 10:45 a.m.

Bank has achieved various key milestones in FY18 and entered the large bank growth phase while crossing assets level of Rs3 lakh crore, advances level of Rs2 lakh crore as well as deposits base of Rs2 lakh crore and emerging as fourth largest privet sector bank.
June 18, 2018, 11:35 a.m.

Yes Bank: Attractive franchise shaping up, good bet for long term
Sept. 27, 2017, 3:18 p.m.
Author : Sharekhan | Publisher:

Yes Bank: Research Report - Ventura
Aug. 25, 2017, 10:15 p.m.

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