Underlining YES Bank’s strong financials, its Managing Director and CEO Ravneet Gill says the 23 per cent fall in the bank’s share price on Tuesday had no correlation with the private lender’s performance.On Thursday, the YES Bank scrip closed with gains of nearly 33 per cent on the BSE. In an interview to BusinessLine, Gill said the bank is on track to raise capital and could see a significant dilution. He is also optimistic about the bank’s growth prospects and resolution of bad loans. Excerpts:
What led to the share price fall on Tuesday?
We knew the reason for the fall on October 1: the pledged shares had come into the market. The share price will recover at some point, but the concern was that depositors and clients should not draw a correlation between the share price and the bank’s core operating performance. Such anxiety can impact our liability franchise, which takes years to build. The way the share bounced back shows that people understood it was a one-off event and the bank is fundamentally sound.
Analysts say the falling share price will impact your ability to raise capital...
Denne historien er fra October 04, 2019-utgaven av The Hindu Business Line.
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Denne historien er fra October 04, 2019-utgaven av The Hindu Business Line.
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