We are open to adding you as a private client.


The war in China

Recent Comments

About

Inform. Instruct. Indicate.

The Investment blog is Advantage 'zyaada' freemium offering for your runaway success. We outrank WSJ, FT and most mainstream financial content consistently.


Banking: YES in the lead

YES Bank came for a quick $250m QIP gathering INR 1200 crores from the market today with J P Morgan, Capital Est and the Merchant Banker Morgan Stanley subscribing to the issue. 60% of the order book has been reported as finalised on UTV.

Yes Bank’s SME results indicate its bullishness on Infrastructure and Healthcare as well as Agri businesses. Yes Bank has decided to concentrate on smaller tickets and should thus not be leading credit mandates this year. At the current price of INR 272, the market is expecting a lot from this wunderkind.

The bank is going in for a capital raising even as its capital adequacy ratio as on December 31,2009 was at 16.19%. According to Yes Bank MD & CEO Rana Kapoor, “We are expanding at a fast pace. Our loan growth is 71% while our deposit growth has been 62.8%. We want to maintain a 45% CAGR for the next two years and 35% for the next three years thereafter.”

via ET – Earnings – Banks

Yes Bank has grown credit at 71% in the December Quarter and would target a CAGR of 45% for the next year, that would leave a lot of interest in the stock..but they need more interesting customers , with most expansion on hold and branch infrastructure costs rising without acces like PSB banks and even ICICI Bank, which is otherwise becoming a laggard in financial and retail banking market share performance

More results based deep dive will be available to compare apples and apples with HDFC Bank, ICICI, SBI and a few others like Axis, PNB, Kotak and Yes challenging the notion that the Indian Financial Services sector is primarily Dollar oriented right now.

MNC Banks like HSBC, Standard Chartered and Citibank each maintain a book of nearly Rs 100000 Crores and profits of nearly Rs 1000 Crores ( to order of magnitude)

On the Infrastructure side the IDFC Proj Eq Fund with $500 million has started investing in Toll Highways on its own , while ICICI Bank has the much touted relationship with Kamal Nath for over Rs 20 Crore a day in Roads..YES may soon come with some Dutch partners?

[Tag Banks, Indian Banking, Banking, Bank-stocks]
[Category India, Banking]

Blog Traffic Exchange Related Websites
  • Delicious
  • Facebook
  • Digg
  • Reddit
  • StumbleUpon
  • Twitter

Post a Comment



Blog Awards

Top finance blogs award

The Banking and Strategy Initiative

Top finance blogs

Also

Postrank Top Blogs 2009 across 50 categories

Lifestyle Infrastructure

One of our special themes at the Advantages weblogs has been our assertion that US, India, China and most of the rest of the world that is growing

is likely to do so on the basis of a consumption revolution. Below is out insight piece that opened the chapter on India's final coming out that was much awaited but wasn't really happening till 2009..

The Commonwealth Games Infrastructure Train

A few years ago, when the Indian women shot Gold in Commonwealth Hockey and our aim in general started consistently being medal grade, we won the bid for New Delhi to host the games in 2010. This business of infrastructure had been mystifying sportspersons for decades in India; none too easily supported by the overarching smell of rent and inadequate facilities for local sports persons historically.

Even today most sports would bow out in front of Cricket and that is not a full-fledged event at the CWG, though there is still a toss-up for the T20 version to be added. Like most other spheres of life, China has been doing it higher, faster and stronger, having already held the challenging Olympics in 2008 earning over $2b for Beijing, the host city.

The story is quite public and you must have all followed it at least since August 2009 when the first few fistcuffs were exchanged regarding the lack of preparations for the CWG event now just 6-7 months away. The Sports Minister and the Games Organising Committee Chair Suresh Kalmadi has variously ben painted and vilified while we look at the rejuvenated parts of Wembley in London and survive on facepaint and cheering the local IPL franchise in Cricket games. The painting of events apart we just thought it important for Sports and Tourist infrastructure worth $1.5 billion to be included in the India story at about this time.

This preamble would survive your taste buds and your snipping scissors in the mind and we�ll come back right after lunch is over for you..

And the Original piece..follow up article on our Lifestyle Economics stream

If you have been following the India story closely, India�fs new developments are focussed on Infrastructure and Retail along with giant leaps in the Entertainment business. You can look closely at the India stories athttp://advantages.us/inframils to get a flavor of what�fs happening in Indian Infrastructure

On the other hand Retail Lifestyle businesses are increasingly attracting investors�cRural Markets may grow at a faster pace at least on the Drawing board. �c Where is Investor access? Why is it still on the government to make it happen? The FDI limits and the others are fairly rational policies..but where are the investors?..

Nanos will roll into homes by July end and IPL teams are already applying for trademarks as it looks set to become the greatest sporting extravaganza in the world, already ranked at #2 behind the NFL season in the USA. The 3G challenge will tear at Telecom companies�f profits in the coming years�c

10-Year-Old Girl Scores Hole-In-One at US Kids Golf European Championship in Scotland
(The image is of a young indian golfer in Scotland)

BUT, Importantly, India caught on to serious lifestyle investments early in 2005, Today with the debut of Cox and Kings IPO..

Where it is now?

Towns like Jalandhar, Ludhiana in Punjab, Jaipur and Agra on the Golden Triangle and such state capitals, heritage and business towns like Ahmedabad, Surat and Nagpur present a unique opportunity for Indian hospitality business to scale up, esp as Indian railways, india�fs aviation footprint and the road infrastructure will follow in step with the boom. Note: The Indian Maharaja with TC, Maharajas Express with Cox & Kings, and the other two luxury trains have started first season bookings quite well and money is being spendt to add gym and pool to the Palace on wheels as well ( More here ) Golden Palace started from Bangalore is not doing so well apparently. The Maharajas Express for example is 84 persons at an average of $1000 per night for a 7 day- 8 night tour between Mumbai and Delhi

This Day in History
This Day in History provided by The Free Dictionary

Today's Birthday
Today's Birthday provided by The Free Dictionary

In the News
In the News provided by The Free Dictionary

Spelling Bee
difficulty level:
score: -
please wait...
 
spell the word:
Spelling Bee provided by The Free Dictionary

Hangman
Hangman provided by The Free Dictionary


Clicky Web Analytics