Though the rescue deal has been planned well, Yes Bank’s tryst with its Additional Tier 1 bondholders, having Rs 8,415 crore worth of such papers, is unlikely to end any time soon.
Brokerage houses remained bullish on Yes Bank, the private sector lender, after its strong loan growth, stable asset quality and margin performance in July-September quarter.
Yes Bank's second quarter earnings surpassed analysts' expectations with the profit rising 31.3 percent year-on-year to Rs 801.5 crore on robust business growth despite higher provisions.
Private sector lender Yes Bank's second quarter profit is seen rising 26.2 percent year-on-year to Rs 770.1 crore, according to consensus estimates.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com gives his picks from the realty space.
Angel Broking has come out with its rollover report of November-December 2012. According to the research firm, PSU banking majors SBIN (80.55%) and PNB (82.47%) have witnessed meaningful formation of short positions in last series and have now seen good rollover of it.