PNX phantomx in India - Passive Income with Smart Investing

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PNX phantomx in India ✌️【Return】✌️Start your investment journey with ₹500. Watch your returns multiply 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.

PNX phantomx in India ✌️【Return】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!This did not happen in the last eighteen months.

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.

PNX phantomx in India ✌️【Return】✌️From ₹500 to exponential growth. Start investing now for high returns!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).

PNX phantomx in India ✌️【Return】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.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.

PNX phantomx in India ✌️【Return】✌️₹500 to unlock massive profits. Invest today for quick monthly gains!The asset mix of the Bank changed noticeably between FY 2013 and FY2019.

PNX phantomx in India ✌️【Return】✌️Invest ₹500 and see your money grow with fast, reliable returns!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.

PNX phantomx in India ✌️【Return】✌️Start your investment journey with ₹500. Watch your returns multiply 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.

PNX phantomx in India ✌️【Return】✌️Start with ₹500 and earn big! High returns, low risk, and consistent growth.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.

PNX phantomx in India ✌️【Return】✌️Make your ₹500 grow rapidly with AI-backed 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.

PNX phantomx in India ✌️【Return】✌️₹500 is all it takes for safe, high-yield returns every month. Start now!The auditors did not mention anything about the under-provisioning of advances or quality of advances.

PNX phantomx in India ✌️【Return】✌️Begin your journey to financial growth with ₹500. Invest smart and earn big!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].

PNX phantomx in India ✌️【Return】✌️Invest ₹500 and unlock guaranteed returns up to 100%. Start growing today!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.

PNX phantomx in India ✌️【Return】✌️Start your investment journey with ₹500. Watch your returns multiply monthly!But ignoring signs of operational risk is a sure recipe for disaster.

PNX phantomx in India ✌️【Return】✌️Turn ₹500 into massive returns with smart, high-yield investments!The entire supply chain of corporate governance has to share the blame- the regulator, auditors, and the Board.

PNX phantomx in India ✌️【Return】✌️Start investing with ₹500 and see your wealth grow rapidly every month.The bailout package hurriedly put together under the Yes Bank Reconstruction Scheme 2020 may provide some temporary relief to the deposit holders of the Bank and much needed capital to the Bank, but it is surely not going to solve the main ailment of the bank- poor governance.

PNX phantomx in India ✌️【Return】✌️₹500 is all you need to unlock fast, high returns. Start investing today!The Bank witnessed a reduction of deposit of more than Rs.

18,000 crore in the first six months of FY2020.

PNX phantomx in India ✌️【Return】✌️Invest ₹500 and enjoy high monthly returns. Safe and reliable platform!The State Bank of India and the consortium of a few more Banks that have agreed to invest more than Rs.6,000 crore in Yes Bank should find out, as early as possible, a strategic investor with a proven track record on governance.

PNX phantomx in India ✌️【Return】✌️Start your investment journey with ₹500. Watch your returns multiply 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.htmlPNX phantomx in India ✌️【Return】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!