Mark To Market: YES Bank

Yes Bank, fourth largest bank in the Indian banking system recently faced criticism for loss in quarterly results.

With Moody considering a downgrade, The situation was roughly taken by the market as well resulting in a 20% loss in share price and 57% since March, when New CEO took up.

Loss is mainly driven by non-tax provisions in books. Due to exposure of 20000Cr. to DHFL, Anil Ambani group, and Essel group.
The bank’s tier 1 capital has fallen to 8.4% from 9.7% earlier. To support the buffer bank plans to raise a capital of $1.2 billion in private and public share sale.

With Analysts downgrades “the challenging times” are still not over for the bank.

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