YES Bank: Why investors must no longer be taken in by rating upgrades

At most up-to-date valuations, the lender’s stock trades at a top charge to IndusInd Bank and RBL Bank, leaving diminutive room for error at most up-to-date multiples

Subject issues

YES Bank | Banking sector | Compass


Hamsini Karthik  | 
Recent Delhi 

From being positioned below moratorium in March this twelve months, to swiftly having a brand contemporary management crew that has proved efficient on many counts-–gripping the drag on deposits, bolstering capital adequacy and chartering a brand contemporary convey approach– YES Bank has had an onerous but fruitful lag the previous six months. It has even repaid in stout the actual liquidity facility (Rs 50,000 crore) availed from the Reserve Bank of India.

Nearly about five rating companies, including Sullen’s, contain upgraded their rankings on various companies and products of the bank in about a month’s time. The discover-on public …

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First Printed: Wed, September 16 2020. 18: 13 IST