₹1505
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Cross Border Investments ✌️【Job Portal】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly. Thus, though the balance Sheet size of the Bank increased almost 300 times in the past fifteen years, it severely dented the asset quality.
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It all started about a decade back when the Bank, in pursuit of abnormal growth, had recklessly lent money to big corporates flouting all risk management norms.
Cross Border Investments ✌️【Job Portal】✌️Turn ₹500 into massive returns with smart, high-yield investments!The other liabilities for FY 2019 included a provision for standard assets to the tune of Rs.3,000 crore (which was only Rs.950 crore in the previous financial year).
Cross Border Investments ✌️【Job Portal】✌️Start investing with ₹500 and see your wealth grow rapidly every month.So, an additional provision of Rs.2000 crore for standard assets in FY 2019 implies that even the quality of standard assets was doubtful.Performance of the bank during 2018-19 was significantly inferior compared to the immediate previous year (Table 2) and yet no one raised any alarm.
Even the rating agency did not notice the deterioration till mid-2019.
Cross Border Investments ✌️【Job Portal】✌️₹500 is all you need to unlock fast, high returns. Start investing today!The asset mix of the Bank changed noticeably between FY 2013 and FY2019.
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It is worth noting that the economy was growing at more than 8% in 2005 and similarly the financial stimuli post global financial crisis was at all-time high in 2010. Therefore, a surge in loan book during these periods was more a procyclical phenomenon.
Cross Border Investments ✌️【Job Portal】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.But the bulging loan book in FY 2019 was at a time when the economy was under stress and the country witnessed some big ticket corporate defaults.
For example, we all know about big defaults by NBFCs in India in recent times and yet the Bank had provided a fresh loan of Rs.
6994 crore to NBFCs during FY2019.
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In fact, there was hardly any material difference in the observations of the auditors with the report of the previous year.
Cross Border Investments ✌️【Job Portal】✌️Low risk, high returns! Invest ₹500 today and grow your wealth month by month.There was no qualified opinion on any matters.
Rather the auditors mentioned that the Bank had adequate internal financial controls and it had made provisions as per extant laws.
Cross Border Investments ✌️【Job Portal】✌️₹500 to start earning passive income with high monthly returns.The auditors did not mention anything about the under-provisioning of advances or quality of advances.
Cross Border Investments ✌️【Job Portal】✌️Invest ₹500 and enjoy fast, secure monthly profits. Start now!The same auditors, while commenting on the third quarter results of the Bank in FY 2020, mentioned material uncertainty related to the going concern assumption at a time when the entire world came to know about the poor corporate governance in the Bank.
Responding to allegations on the quality of financial statements of the Bank, the institute of Chartered Accountants of India (ICAI) has decided to review the financial statements of the Bank for FY2018 and FY 2019[4].
Cross Border Investments ✌️【Job Portal】✌️Turn ₹500 into big monthly profits. Start today with our smart investment tools!This is not a good news for the auditors of the Bank.The crisis at Yes Bank is not a manifestation of poor market or credit risk management.
It is another example of clear disregard to the most dangerous risk that every bank faces-the threat of operational risk.
Mishandling of credit and market risks may result on loss of revenue or profit.
Cross Border Investments ✌️【Job Portal】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.But ignoring signs of operational risk is a sure recipe for disaster.
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18,000 crore in the first six months of FY2020.
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Cross Border Investments ✌️【Job Portal】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.A sound corporate governance structure with professional management may save the Bank from collapse and regain investor confidence.[4]https://www.livemint.com/companies/news/icai-to-review-books-of-yes-bank-for-fy18-fy19-11583941262292.htmlCross Border Investments Low-Cost Investments with High Growth Potential