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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.

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Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Achieve up to 100% returns with ₹500. Start investing now for a brighter financial future!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.

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Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.The loan book (63% of total assets)  in FY 2019 has grown to almost FY2005 and FY 2010 levels.

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.

Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.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.

Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Smart investing made easy. Start with ₹500 and enjoy up to 100% returns monthly!The change of asset mix had an adverse impact on return on equity and net profit margin.Did the auditors of the Bank highlight any trouble in their audit report? The audit report for the FY 2019 (the worst year for the Bank) was a clean report.

In fact, there was hardly any material difference in the observations of the auditors with the report of the previous year.

Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Start with ₹500 and get fast returns through secure and profitable investments.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.

Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!The auditors did not mention anything about the under-provisioning of advances or quality of advances.

Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!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].

Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Invest ₹500 in blockchain and watch your profits multiply monthly.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.

Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.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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Fintech Solutions for Financial Inclusion and Micro Investment ✌️【Part-Time Earnings】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.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.htmlFintech Solutions for Financial Inclusion and Micro Investment Safe Investment Strategies for High Returns