InvestorQ : Yes Bank has lost nearly 15% in the last two trading sessions. Why is the stock continuing to fall?
Crowny Pinto made post

Yes Bank has lost nearly 15% in the last two trading sessions. Why is the stock continuing to fall?

Answer
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1 year ago


There have been some serious concerns over the Yes Bank asset portfolio. In the last two quarters, Yes Bank has taken huge hits on its portfolio exposure to companies like Jet Airways, IL&FS and Dewan Housing. The recent correction came up due to Yes Bank’s large exposure to CG Power. Recently CG Power is under investigation for overstating its liabilities and the sharp correction in the stock price means that any collateral given by the company also would be largely worthless. The recent correction in Yes Bank is driven by CG Power issue but then there have been larger concerns over its asset quality for quite some time.