Case study : Yes bank share Up and down
Investors are losing Rs 230 crore daily since last 10 months in Yes Bank’s share. Yes bank share delivered good growth and profit since listing. But now the company facing management issue since last few months.
Yes Bank is India’s 4th Largest private sector bank. Yes bank started by Rana kapoor and Ashok Kapoor in 2004. The company primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions.
Yes Bank obtains most of its revenue through arranging syndicate loans and corporate banking. As per the bank’s website company focus on Corporate and Institutional Banking, Commercial Banking, Investment Banking, Corporate Finance, Financial Marketing, Retail Marketing.
Last few months company facing bad situations. The share price of yes bank downing due to management problems, a downgrade of the rating agency.
What problems bank facing?
Yes Bank many problems facing since last few months. Recently two independent directors of yes bank had resigned. Rana Kapur former CEO of Yes Bank demanded to return in Board, but Board rejected Rana Kapoor’s Demand as an infringement of RBI rules.
Due to reports of promoter feud, uncertainty over top management, allegations of hiding loans, the decline in Q2 results.