Four key things to check when YES Bank announces Q3FY20 results on March 14

Just after considerably delay, Sure Bank is scheduled to announce its benefits for the third quarter finished December 2019 (Q3FY20) on Saturday, March 14. The benefits believe importance in the backdrop of current developments that saw the Reserve Bank of India (RBI) supersede the board of directors of Sure Bank and appointed Prashant Kumar as the administrator. The apex bank also set underneath moratorium all deposits with Sure Bank till the very first 7 days of April.

So, what do analysts count on the bank to unveil on Saturday?

“Quality of ebook / accounts genuine deposit foundation information on the quantity of funds required to satisfy the capital adequacy norms and get new traders on board and an truthful admission of the troubled property of the bank are the 4 critical things traders really should monitor,” suggests Siddharth Purohit, an analyst monitoring the sector at SMC International.

The moratorium on

Read More