Final word on Yes Bank.

by | Jul 28, 2019 | Dear old dad, news updates | 0 comments

The YES bank story is still unfolding. I was wrong, there are cockroaches in more places than I had thought. Many more companies to whom YES has lent may default, especially if an economic downturn is impending. Evidence of sizable call writing positions, hundreds of thousands of contracts. Analysts downgrades, talk of capital having to be raised, It has broken below Rs. 100 rapidly. The other cockroach candidate,  DHFL also appears to be toast.