Yes Bank has the least NPAs in the entire Indian Banking Space even lesser than HDFC Bank.
Wholesale deposits rates have come off sharply and should benefit Yes’ margins in the short term. The management did caution that loans will offset some of these gains.
There could be a a sharp spike in non-interest income - 148% y/y in financial markets (essentially bond profits) and 33% y/y in core fees as
we see continued momentum in the loan syndication space.
Yes Bank is expected to Report an EPS of Rs 50 for FY 14. BUY around Rs 480 for atleast 20% gains in a year.
Update on 10/06/2013
Yes Bank May Fall to Rs 450 so just BUY in small quantities until that price so that your Rate of Return will be higher. But make sure you are able to hold for 12 months since we don't know when the markets will rally again or atleast Lift Well managed Companies with Good Earnings.
