Why these analysts are still bullish on YES Bank
Updated : April 30, 2019 12:06 PM IST
YES Bank reported its worst quarterly results after top management rejig. It posted PBT (Profit Before Tax) loss of Rs 24 billion and a net loss of Rs 15 billion in Q4FY19.
In just one quarter, the private lender's provisions rose nearly seven times to Rs 3,662 crore from Rs 550 crore reported in the December quarter.
Meanwhile, many brokerages have downgraded the stock but there are few analysts who have maintained 'buy' calls on YES Bank.