Is YES Bank safe?
YES!
Analysts have cautioned that private lender Yes Bank's high reliance on bulk deposits continues to be a risk despite its efforts to ramp up retail deposits. At around 40 percent of bulk deposits, the cost of funds remains high, analysts said.
The Reserve Bank of India's actions against Yes Bank
The bank's financial situation was insufficient to raise the capital. There was also a breach in corporate governance at the bank. This Moratorium was a temporary suspension of lender authority.
It is also a safer form of investment when compared to stocks or shares as there is no risk involved and you are assured of a fixed return. YES BANK provides a convenient reinvestment option of your FD, which directly reinvests the sum accrued into the scheme once your tenure expires.
As of 28 July 2020, Yes Bank is an associate of State Bank of India which has a 30% stake in the company. On 21 February 2023, Yes Bank issued 2,13,650 equity shares to its employees under the company ESOP plan. The bank plans to open 150 branches in fiscal 2024, with 110 branches open as of March 2024.
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
Various financial results of Yes Bank suggest a good upward trajectory for its share price target in 2025. Its maximum and minimum range in 2025 is expected to be in between Rs 27.42 and 21.09.
Yes Bank Future Growth
Yes Bank is forecast to grow earnings and revenue by 42.4% and 22.2% per annum respectively. EPS is expected to grow by 52.4% per annum. Return on equity is forecast to be 6.7% in 3 years.
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 8,243.46 Crore, up 3.29 % from last quarter Total Income of Rs 7,980.61 Crore and up 16.70 % from last year same quarter Total Income of Rs 7,064.08 Crore.
Yes Bank shares rebound after retracing over 20% from 52-week high.
Which is safest bank for fixed deposit?
HDFC Bank is often listed as the best FD scheme to invest in India.
| Bank | Highest interest rate available (p.a.) | Min Board Interest Rate (p.a.) for 12 months |
|---|---|---|
| ICBC | 3.35% | 3.10% |
| Maybank | 3.30% | 0.35% |
| Citibank | 3.30% | 0.10% |
| HSBC | 3.25% | 0.15% |
Fixed Deposits are a safe investment
Fixed Deposits (FD's) are a safe place to leave your money. Compared to other investment products, putting your savings in FDs pre-determine your returns and you can have your initial capital guaranteed.
The State Bank of India (SBI) on February 8 issued a clarification, denying reports of a stake sale in private lender Yes Bank. In a communication to exchanges, the country's largest lender said that reports are factually incorrect.
Yes Bank shares jump over 11% after RBI approves HDFC Bank's acquisition of up to 9.50% of Yes Bank's share capital or voting rights.
| Name | Equities | % |
|---|---|---|
| Life Insurance Corporation of India (Investment Portfolio) 4.339 % | 1,248,365,988 | 4.339 % |
| HDFC BANK LIMITED 3.031 % | 871,972,784 | 3.031 % |
| ICICI BANK LIMITED 2.607 % | 750,059,900 | 2.607 % |
| AXIS BANK LIMITED 1.570 % | 451,709,958 | 1.570 % |
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
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- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
Chase. One of the biggest banks, Chase, is also one of the most secure banks to keep your money safe. Chase offers Zero Liability Protection, so if unauthorized transactions are made under your name, you won't be held responsible.
JPMorgan Chase (JPM)
The inclusion of JPMorgan Chase (NYSE:JPM) as one of the bank stocks least likely to fail shouldn't surprise anyone. That's not to say it didn't suffer from the sector fallout because it did.
No, Yes Bank share is not good for long term only for short term. Now Yes Bank share price around 24 rs. You buy 10000 qty for few months it will be just double then sell the stocks & gain profit.
How old is the Yes Bank?
Yes Bank Ltd was incorporated on November 21 2003. The bank was founded by Rana Kapoor. The Bank obtained certificate of commencement of business on January 21 2004. In the year 2005 they forayed into retail banking with launch of International Gold and Silver debit card in partnership with MasterCard International.
Yes Bank Share Price Target 2030
The target is set to exceed ₹80 by 2023 and advance towards the long term goal of ₹80.00 in 2030 for continued growth.
ABOUT YES BANK
YES BANK, India's new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India.
Market Speculation & Investor Sentiment
Speculative remorse surrounding Yes Bank's potential sale of up to 51 percent stake to new promoter have fuelled investor optimism & triggered renewed interest in bank's shares.
Compared to the current market price of 23.85 INR, Yes Bank Ltd is Overvalued by 6%.
