Pathik Gandotra positive on Yes Bank

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Pathik Gandotra , MD and Head of Research, IDFC-SSKI Securities is positive on Yes Bank .

Gandotra told CNBC-TV18, "Yes bank, IndusInd Bank and Shriram Transport Finance have the ability to significantly expand their market share from where it is today. Each of them has a different story. IndusInd Bank is under new management team and is all set to grow its market share very profitably. If one looks at their numbers that have panned out last 4-5 quarters, they have been amazing, the bank is growing more than 100% every quarter and its growing profitably as well."

He further added. 'Yes Bank is a franchise which has been through rough times in the last year but has come out of that very amicably. Given the fact that their capital adequacy has improved without them raising capital because the credit quality of portfolio has been extremely good and so Yes Bank is now all set to rollout its retail strategy going forward and on the back of that we see significant market share expansion as well and so we are very positive on Yes Bank."

"Shriram Transport is one of its kinds of company. It is into second hand truck financing where there is no competition whatsoever, competitors have come and gone but the franchise remains very strong and now with the uptick that we see in the commercial vehicle (CV) cycle coming forward, I think the business their will go up very significantly."