Say NO to Yes Bank
Why should You stay away from this IPO ?
1. Yes bank is new to the banking business and does not have any brand value. The success of the bank depends on the brand value it is able to create which is uncertain at this stage for this bank.
2. Yes Bank has posted a Negative EPS for the first year of its operations. This means that the bank is a loss-making bank from sharholders perspective.
3. There are a number of good performing private sector banks in the market generating excellent profits. Why should one apply for a loss making bank IPO, that too at a premium of 350% over the face value?
4. The bank is expected to have a tough competition with the existing well-established private and poublic sector banks and the bank has not disclosed what innovative plans it has to compete with these banks.
