Business Finance

Yes Bank Share Price Prediction: Can Yes Bank reach 100INR?

Yes Bank, headquartered in Mumbai, India, is a well-known commercial bank that provides a wide range of financial products and services to its customers. Founded by Rana Kapoor and Ashok Kapoor in 2004, the bank has become a significant player in the Indian banking industry, catering to the needs of retail, MSME, and corporate clients. Yes Bank has diversified its offerings by establishing investment banking, merchant banking, and brokerage businesses through its wholly-owned subsidiary, Yes Securities.

The bank has a pan-India presence and also maintains a representative office in Abu Dhabi and an IBU at GIFT City. The history of Yes Bank dates back to 1999 when three Indian bankers, including Ashok Kapur and Rana Kapoor, collaborated with Rabobank to launch a non-banking financial enterprise. The bank has undergone numerous transformations and rebrandings since then, finally adopting the name Yes Bank in 2003.

Recently Yes bank share price is in a roller coaster. Mutual fund companies, FIIs and DIIs are taking interest in Yes bank in 2022, 2023. Yes bank moved more than 21% in the last one year, reaching a 52 week high of Rs. 24.75. Retail investors have now started taking interest again in Yes bank shares.

In this post, we are going to learn about Yes bank price prediction and if the share will touch 100INR in future?

What is the current share price of Yes Bank and how has it performed in recent years?

As of February 25, 2023, the current share price of Yes Bank on the National Stock Exchange (NSE) in India is approximately 16.50 INR. Over the past few years, the share price of Yes Bank has experienced significant volatility, largely due to the bank’s financial troubles and regulatory issues. In 2019, the bank faced a severe liquidity crisis and saw a sharp decline in its share price. However, after a restructuring plan and infusion of capital from investors, Yes Bank’s share price has recovered somewhat in recent years, though it has not yet reached its previous highs.

Yes bank share price
Source: Google finance

Yes Bank Financials

Looking at the standalone profit and loss account for the fiscal year ending in March 2022, the bank generated a total income of Rs. 22,286 crore, which was lower than the previous year’s income of Rs. 23,383 crore. The bank’s net profit for the year was Rs. 1,066 crore, which was an improvement over the previous year’s net loss of Rs. 3,462 crore. However, the bank’s net profit was significantly lower than its net profit for the fiscal year ending in March 2018, which was Rs. 4,225 crore.

The bank’s interest income decreased by 5.1% from Rs. 20,042 crore in the previous year to Rs. 19,024 crore in the fiscal year ending in March 2022. Its interest expenses decreased by a smaller margin of 0.6%, from Rs. 12,613 crore to Rs. 12,526 crore. The bank’s other income decreased from Rs. 3,341 crore to Rs. 3,262 crore, which was a decrease of 2.4%.

The bank’s provisions and contingencies decreased significantly from Rs. 8,440 crore in the previous year to Rs. 1,850 crore in the fiscal year ending in March 2022. This decrease was largely due to a decrease in provisions for bad debts and advances, which decreased from Rs. 5,285 crore in the previous year to Rs. 1,114 crore in the fiscal year ending in March 2022.

Overall, the bank’s financials show that it has been able to improve its profitability to some extent in the fiscal year ending in March 2022. However, it still faces significant challenges, particularly in terms of non-performing assets and regulatory compliance. Investors should carefully consider the bank’s financials and prospects before making any investment decisions.

Does Yes bank have any future?

Yes Bank has been taking measures to improve its financial position and rebuild investor confidence. The bank has been focusing on enhancing its asset quality, reducing its non-performing assets (NPAs), and strengthening its capital adequacy ratios. In addition, the bank has been working on diversifying its loan book, increasing its retail loan portfolio, and expanding its digital banking offerings.

While there is no certainty that Yes Bank will be able to fully recover from its past financial troubles, the bank has taken some steps in the right direction. It is important to note that investing in the stock market involves risk, and any investment decision should be based on a thorough analysis of the company’s financials, its competitive position, and its growth prospects.

Can Yes Bank reach 100INR?

I personally am very optimistic of Yes bank’s share price. For Yes bank to reach 100INR, it needs to do gain 600% from the current level. I think Yes bank can definitely do that in next 5 years. I am personally holding Yes bank shares in my portfolio.

Disclaimer: This article on Yes bank share price prediction is an opinion of the writer, and there is no certainty that the Yes bank stock price will perform well in the future. Trading and investing in stock market is subject to market risk.

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