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ibtevolve com in India ✌️【Temporary Job】✌️₹500 to unlock massive profits. Invest today for quick monthly gains! 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.

ibtevolve com in India ✌️【Temporary Job】✌️Achieve up to 100% returns with ₹500. Start investing now for a brighter financial future!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).

ibtevolve com in India ✌️【Temporary Job】✌️Earn massive monthly returns. Start investing with ₹500 today!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.

ibtevolve com in India ✌️【Temporary Job】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.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.

ibtevolve com in India ✌️【Temporary Job】✌️₹500 to unlock massive profits. Invest today for quick monthly gains!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.

ibtevolve com in India ✌️【Temporary Job】✌️Start with ₹500 and get fast returns through secure and profitable investments.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.

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Rather the auditors mentioned that the Bank had adequate internal financial controls and it had made provisions as per extant laws.

ibtevolve com in India ✌️【Temporary Job】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!The auditors did not mention anything about the under-provisioning of advances or quality of advances.

ibtevolve com in India ✌️【Temporary Job】✌️Invest ₹500 in blockchain and watch your profits multiply monthly.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].

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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.

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ibtevolve com in India ✌️【Temporary Job】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.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.

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

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ibtevolve com in India ✌️【Temporary Job】✌️₹500 to unlock massive profits. Invest today for quick monthly gains!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.htmlibtevolve com in India Secure Your Future with High-Return Investments