Sell results are inline but promoters pledged their 96% shares. It is also trading at high PE. PSU banks NPA is very and they are posting 200-300% growth in results.
Ankhe Kholo PSU ko pahchano...
After Edserv board, you have come here to post negative messages!! Wishing you all the best in your endeavour. For your information, I am a senior banker, and am aware of what is going on.
In my understanding if bank do not have strong branchnetowkr then can not survive in long run. DCB was similar bank which showing similar growth and DCB`s share price were trading all time high upto 200 when sensex was 7k-8k level. Now DCB trading below 30 level.
Similar environment is with Yes bank. It can not survive with couple of branches in metro cities.
Banks income mainly from NIM, CASA. These income mainly due to strong branchnetwork.
Yes bank will be at Rs20-15 level after 3-4yrs. No branch network, no NIM and CASA. Promoters already pledged their 96% shares with PSU banks.
It is good time enter into PSU BANK. Immediately switch to psu banks.
New generation private sector, YES Bank has launched ‘Bank Branch of the Future` at its branch located in South Extension, New Delhi.
The Bank Branch of the Future is introduced to convert the retail branches from simple transaction channels to ‘Service Oriented Advisory Centers`. The bank aims to shift its focus from merely providing transactions to high-end value added services via the use of modern technology and innovative branch design.
Also the bank has launched a Radio Frequency Identification Device (RFID) that will enable the personal identification of customers at the branch. This will possible by inserting a RFID microchip into the debit cards of the customers that will transmit the information of relevant customers to relationship managers at the time of customer`s entry to the branch.
The RFID facility has been introduced in the bank by Skandsoft Technologies that are Customer Relation Management (CRM) solutions to the bank`s customers. YES Bank`s GEVP and Country Head of direct banking & cash management, Ravi Shankar said, "We believe branch banking of the future will increasingly focus on delivering meaningful advisory services to manage and grow individual savings and wealth rather than providing only transaction facilities."
Amongst the other high-end technology that are available at the ‘Branch of the Future` include an Automated Teller Cash Dispenser Machine, Touch-screen Internet Kiosk, speech-enabled voice recognition phone banking, Wi-fi connectivity and a Knowledge Café.
Currently YES Bank has 117 branches across 92 locations in the country. The bank is soon going to approach the Reserve Bank of India for opening 60 more branches across the country.
117 branches at 92 location means 1-2 branches in each location. If u visit any location you can find SBI,UCO,central bank, bank of baroda, union bank, and any other psu bank in each locality in each citi from metro to rural location.
PSU banks CASA jumped in many fold in last 2yrs.
In the pvt sector HDFC is the leading banks remaining sturggling for saving, current accounts. Now I shifted from citi to sbi and idbi.
I don`t want technically advanced branches because there is no need to visit bank very frequently. SBI bank has branches in each and every city of India and all of them connected.
No one is blind here.. if senior banker don`t understand NIM, CASA, treasury incomes then he is just doing clerical job.
One branch in one each location. If City like mumbai has 1 branch it is not great sign. Even local people will hesitate to open account and keep their money.
Similar impression was for DCB just after IPO. DCB share prices keep shooting up for 2yrs. After that no one looking at DCB.
It is not technology company which will attract business RFID installation or any other highly technical equipment.
India`s social environment do not required such kind installation at banks.
hi true, lol! but have to tell u that this guys entho really surprises me. all of us are pouncing on him, but he wil go on and on and on with his vargue reasonings......man i dont have the energy to argue with him after edserv, you handle him in yes bank and once he goes to some other stock, well have to find someone else man!
| NIFTY 
