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AI in Cloud Computing Systems ✌️【Investment Tools】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!The March 2020 issue of Artha would have been incomplete without discussions on two important issues- one that has almost locked down the entire world (COVID-19) and the other that has shaken the confidence of people on Indian banks (near collapse of Yes Bank).
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Start with ₹500 and see the power of compound growth. Enjoy fast and secure returns!The present issue looks at economic implications of COVID-19 and there are two pieces on Yes Bank.Was there any early warning signal for Yes Bank? Or was it like COVID-19- without anyone knowing about this pandemic disease even three months ago? For example, Yes Bank had raised Rs.3,042 crore in September 2018 through issue of listed non-convertible unsecured bonds.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!The issue had secured a credit rating of CARE AAA and AA+ (India Ratings), signifying highest level of safety for the investors.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!One year later, in December 2019, Moody’s downgraded Yes Bank’s ratings to ‘b2’ (high credit risk) and further to ‘ca’(very near default) in February 2020.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.Thus, the actions of the rating agencies suggest that Yes Bank did something horribly wrong in the past one and half years.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!This conclusion is not correct.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Invest small, earn big! ₹500 can earn you consistent monthly profits!Way back in 2015, an article quoted inThe Quint[1]showed that almost a fifth of Yes Bank’s loans were given to stressed companies and the Yes Bank’s exposure to these companies tripled in three years, between 2011-12 and 2014-15.
It seems the regulators (RBI), the Board of the Yes Bank, and even the Finance Ministry chose to ignore the warning of the two young analysts of the Swiss investment Bank, UBS[2].The present financial year (2019-20) has exposed all ills of Yes Bank (Bank).
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Start small with ₹500 and enjoy huge returns. AI-driven investment for fast growth!The Bank reported a quarterly loss of Rs.630 crore in Q2 and a staggering loss of Rs.
18,564 crore in Q3 FY2020.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Achieve up to 100% returns with ₹500. Start investing now for a brighter financial future!The total loss in the first nine months of the current financial year stood at Rs.
19,098 crore, which is 71% of the equity of the Bank at the end of the previous financial year (2018-19).
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Earn massive monthly returns. Start investing with ₹500 today!The Bank has eroded about three-fourths of its equity in just nine months!The promoters deserted the sinking Bank well in time.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.Sensing trouble, the former MD and CEO, Mr.
Rana Kapoor sold his entire stake in the company and exited before the news became public.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Smart investing made easy. Start with ₹500 and enjoy up to 100% returns monthly!While depositors with the Bank were not allowed to withdraw more than Rs.50,000 cash in early March 2020 (the restriction was lifted since 19 March 2020), wife of one of the cofounders of the Bank could sell 2.5 crore equity shares at Rs.65 per share on 18 March (the highest price in past one month), taking home a cool Rs.161 crore.A survey of the financial statements of the Bank for the past fifteen years (Table 1)reveals some signs of trouble.
Deposits grew 343 times in the past fifteen years and so was the advances (317 times).
Credit-to-deposit ratio was less than one in most of the years.
Yet the Bank had borrowed significant sums in recent years and it stood at almost third of interest bearing debt of the Bank.
Did the Bank borrow to invest in financial instruments? Return on investment for 2018-19 was barely equal to the 10-year G-sec yield (7.3%)- definitely not any indication of efficient treasury management.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Alternatively, the Bank might have borrowed aggressively in the past six years (Rs.80,000 crore net addition to borrowing during this period) for capital adequacy purposes.
If the alternative explanation is true, it raises question on the quality of advances that the Bank was making in the past six years.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Start with ₹500 and get fast returns through secure and profitable investments.Where the advances grew five times in the past six years, the provision on advances has risen 21 times during the same period. This is despite the tendency of the Bank to under provide for non-performing loans (NPA).
For example, in 2015-16, the Bank had reported an NPA of Rs.
749 crore.
Later it was forced to revise it to Rs.
4926 crore- almost seven times bigger.
AI in Cloud Computing Systems ✌️【Investment Tools】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Again in 2018-19, the Bank underreported NPA to the tune of Rs.
3277 crore[3].AI in Cloud Computing Systems ✌️【Investment Tools】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!
