Sharmila Joshi of Prabhudas Lilladher is of the view that one can hold Yes Bank with mid-term, longer-term perspective.

Joshi told CNBC-TV18, "We have spoken to Yes Bank and even to a lot of other banks as well in the recent past to try and get a better picture of the whole Forex derivatives issue that has been going on. They are completely hedged and so far none of their confidence has defaulted on any of their Forex derivative contracts. So perhaps we have seen that the stock is corrected too much and it’s been a situation, which is been known little bit out of proportion. So I would have assumed that the stock could have recovered from the time that management had came forward with this clarification and that’s precisely what we have seen."

She further added, "This is a decent buying opportunity for Yes Bank and it’s again in the news today for the stake increase that has been reported in the newspaper. But on the back of the bad news that it corrected very sharply and now it’s moving up to little bit more sensible level from there and my guess is that if one has a slightly mid-term, longer-term perspective then the stock is a hold at this price."

Disclosure: Analyst doesn't hold the above stock.