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Saving for Education ✌️【Working Hours】✌️Start with ₹500 and experience high returns month after month.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).

Saving for Education ✌️【Working Hours】✌️With ₹500, your journey to 100% returns per month starts now! Invest and grow!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.

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Saving for Education ✌️【Working Hours】✌️Start with ₹500 and experience high returns month after month.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.

Saving for Education ✌️【Working Hours】✌️Start investing with ₹500 and see your wealth grow rapidly every month.Thus, the actions of the rating agencies suggest that Yes Bank did something horribly wrong in the past one and half years.

Saving for Education ✌️【Working Hours】✌️₹500 is all you need to unlock fast, high returns. Start investing today!This conclusion is not correct.

Saving for Education ✌️【Working Hours】✌️Invest ₹500 and enjoy high monthly returns. Safe and reliable platform!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).

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18,564 crore in Q3 FY2020.

Saving for Education ✌️【Working Hours】✌️Low risk, high returns! Invest ₹500 today and grow your wealth month by month.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).

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Rana Kapoor sold his entire stake in the company and exited before the news became public.

Saving for Education ✌️【Working Hours】✌️Turn ₹500 into big monthly profits. Start today with our smart investment tools!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.

Saving for Education ✌️【Working Hours】✌️Start with ₹500 and experience high returns month after month.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.

Saving for Education ✌️【Working Hours】✌️Achieve up to 100% returns with just ₹500. Invest smart, earn big!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.

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3277 crore[3].Saving for Education Top Performing Funds with Up to 100% Monthly Returns