YES Bank shares flat ahead of Q2 results, asset quality seen stable

INSUBCONTINENT EXCLUSIVE:
Shares of YES Bank ruled flat on Thursday ahead of its financial results for the September quarter later in the day
The scrip was at Rs 204.10 at around 9.35 am against its previous close of Rs 204
The benchmark BSE Sensex plunged 265.65 points, or 0.78 per cent, to 33,768.31. Meanwhile, YES Bank, according to media reports, has
clarified that its post-earnings press conference was not cancelled, but postponed to 3 pm today. Brokerage firm IDBI Capital Markets sees
35.40 per cent and 24.60 per cent year-on-year rise in profit after tax and net interest income, respectively, with stable asset
quality. There are expectations that the management is likely to give aggressive growth guidance with focus on retail. Sharekhan projected
24 per cent YoY rise in NII
remained healthy (disclosed by Yes Bank) in press release with largely stable asset quality
Outlook on succession plan and capital raising plans would be the key things to watch
the Reserve Bank of India (RBI) had reaffirmed that the retail bank should appoint a successor to Chief Executive Rana Kapoor by February 1,
2019. The bank has hired advisory firm Korn Ferry to help search for Kapoor's successor.