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Tejas Chokshi  | Answer  |Ask -

Tax Expert - Answered on Apr 24, 2023

CA Tejas Chokshi has over 20 years of experience in financial planning, income tax planning, strategic and risk advisory, banking and financial products and accounting and auditing.
He is an information system auditor, a forensic auditor and concurrent bank auditor.
Chokshi, who has a master’s degree in management, audit and accounting from Gujarat University, has completed his CA from the Institute of Chartered Accountants of India.... more
Snehansu Question by Snehansu on Apr 24, 2023Hindi
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invest in yes bank is good or bad

Ans: My opinion on Yes bank is purely basis, the banking requirements in the Indian economy and the increase in population which India faces now. These things will push up banking requirements and especially when government is following all inclusive banking approach for the Indian masses.
Coming to yes bank, the bank is working hard to regain its lost image and position , but there are many skeletons sitting on its books, which eats the profits it earned and so the best thing is to remain invested in Yes Bank and not betting too high on this stock. Remain invested for next 5-7 years to get the best of this stock. By this time, the bank may be able to see all economic cycles, may able to write off all past losses, may improve its systems, may able to strengthen its book-size, etc.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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