Fundamental Result Update

YES BANK SUSPENDING COVERAGE



Yes Bank’s Q1FY20 performance was subdued. Advances book also witnessed de-growth on QoQ basis, which has affected the operating performance of the bank. Asset quality took a hit which was negative for the bank. We have been cautious on the business model of Yes Bank and advise investors to stay away from this counter. Due to the lack of clarity, weak capital position, worst operating environment and huge stress on its asset quality we discontinue our coverage on the bank.


Tags: Fundamental


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