Shares of Yes Bank take a fall for the third session straight

The YES Bank share was trading very low on Tuesday’s BSE and NSE program. The stock of private lenders opened earlier in its Rs 16.25 and affected the day’s high of Rs 16.35. Later, the stock removed profits and sold 1.23% lower with an intraday low of Rs 16.35. The stock decreased by 2.12% three times.

Lender market interest rate increased to Rs 40,463.67 crore. The stock affected 52 weeks high of Rs 87.95 and 52 weeks low of Rs 5.55. Last week, lender’s chief executive officer Prashant Kumar expressed his expectation that the asset reconstruction company (ARC) business would operate in six to six months and indicated that many overseas firms were interested in investing in the bank’s ARC business. There has been a great deal of interest from investors outside of our ARC business. We are likely to invest in the first $ 10 billion capital when an overseas investor who will invest about 25 billion rupees, Prashant Kumar, CEO of Yes Bank, told Reuters in an interview last Tuesday.

We believe that the transfer of NPAs to a separate ARC (similar to the IDBI in 2003) may mean wearing a private window by a bank/sheet, but we need to see hair size, ARC formation, and ARC recovery record, which is not encouraging if possible IDBI SASF, Emkay Research said in its report. Portfolio risk is seen from, high unemployed loans or NPLs (from 1.5% to 5%), SMA-2 pool (from 2.4% to 4%), SMA- 1 (from 1.6% to 7.3), and the additional reconstruction outside the lake at 3.2% more and more than 22% of the non-functional label assets, added.

Commercial house Geojit, along with BNP Paribas, has a stock selling rate and reduced its TP. The Nirmal Bang also continues to maintain a negative bank balance and is looking at stocks at Rs 13, based on the 1.0x FY23E ABV. The lender was placed under suspension by the central bank last year, after which a group of lenders led by the State Bank of India intervened to deposit money in the bank.


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