We need to see the Yes Bank statement in perspective.
- The Company has made provisions for its entire exposure to IL&FS as well as Jet Airways.
- There is scope for recovery in both these assets - and whatever recovery there is, will go directly to bottom line.
- Despite these provisions, and despite the massive loss, Yes Bank is still profitable on a full year basis.
- and even based on last years depleted profits, it is available at a multiple cheaper than where Nifty is today!
- This means, even if EVERY YEAR this sort of hit damages Yes Bank, it will still be a better investment than most stocks in the Nifty!
- The Company has made provisions for its entire exposure to IL&FS as well as Jet Airways.
- There is scope for recovery in both these assets - and whatever recovery there is, will go directly to bottom line.
- Despite these provisions, and despite the massive loss, Yes Bank is still profitable on a full year basis.
- and even based on last years depleted profits, it is available at a multiple cheaper than where Nifty is today!
- This means, even if EVERY YEAR this sort of hit damages Yes Bank, it will still be a better investment than most stocks in the Nifty!