Yes bank suffering a lot with no Company

Now everyone has one question in mind like, can I buy yes bank at current level?

Here is the perfect answer for you.

*Let us focus on yes bank now


Yesterday yes bank stock was down nearly 7% as the borrower defaulted for paying interest payment of rupees 30 Crore with loan amount of rupees 1200 Crore. Borrower name is Radius Developers

Radius group spoke person anyhow gave assurance that they will pay it by 5th of July.

But already the stock has faced many negative things and it is trying to bottom up now. Hope that this decrease in price might be a broker's play. I will explain this very clearly.

Let this be apart.

*We can focus on Axis bank

  • Axis bank files insolvency petition against Kondapalli power plant and Lanco Solar on 30th April 2019
  • Axis bank gave it's major portion of amount which is around 4000 Crore.
  • It has filed it's plea to NCLT-National Company Law Tribunal

*Let's focus on ICICI now
  • On 6th March 2019, CBI has sought more documents from ICICI bank relating to 1875 Crore given to videocon group
  • Two loans were given
  1. Rs 300 crore to Videocon International Electronics on August 26, 2009
  2. Rs 750 crore to Videocon Industries Limited on October 31, 2011
  3. Now it has grown up like anything and stood around 1730 Crore.
*Let's enter into PNB

  • PNB admits staggering loan defaulters of rupees 25,000 Crore
  • Out of 1142 the bank has initiated steps for recovering the lost amount and it has filed against 1108 defaulters to recover around 25000 Crore
 *Let us enter into SBI
  • SBI announces steps for it's legal action against 10 defaulters on 28th June 2019
  • SBI has earned all of them to relay their dues with interest and other charges within next 15 days 
  • The biggest defaulter on the list, with an outstanding of Rs 3,47,30,46,322, is Spanco Ltd
  • Following them is Auro Gold Jewellery Pvt. Ltd. from Lower Parel, with an outstanding of Rs 229,05,43,248
  • Excel Metal Processors Pvt. Ltd. with loans worth Rs 61.26 crore
  • Microcosm Infrastructure & Power Pvt Ltd. with Rs 56.73 crore
  • Metal Link Alloys Ltd around 53.97 Crore
  • Resilient Auto India Ltd around rupees 32.71 crores
  • Rangara Industries Pvt. Ltd around Rs 29.51 crore
  • Tekriwal of Global Hi-Tech Industries Ltd. Around Rs 27.80 crore 
If one student does not complete his homework in his class then he gets punishment and same punishment should be given to other students too. It should be like Equality for all.

It's not good that Yes bank alone is targeted. Definitely all other price of Bank stocks should be brought down until they recover the amount and gain energy.

Loan recovery amount is higher for SBI and PNB when compared with YES bank.

Thus YES bank is far better than others and concluding my write up staying recommendation for a decent buy with high patience.

Thanks
Sudharsun s

Facebook page: concept seller
Facebook profile: Stunner Sudharsun

Follow my page called "Concept Seller" in Facebook by clicking link below

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