Pick of the Week: YES Bank

BUY BUY BUY YES BANK

Equity: 295.79 Cr, BSE Code : 532648, CMP : 137.15


BUY YES BANK @ 137 / 138 TGT 149 / 150

YES BANK, India�s new age private sector Bank, is an outcome of the professional commitment of its Founder, Rana Kapoor and his highly competent top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to �Emerging India�. YES BANK is the only Greenfield license awarded by the RBI in the last 12 years, associated with the finest pedigree investors.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. A key strength and differentiating feature of YES BANK is its knowledge driven approach to banking and an unprecedented customer experience for its retail banking and wealth management clients.

It is this commitment that has earned us the distinction of being ranked India�s No. 3 Bank in a recent survey of listed banks in India, by Businessworld. The same survey also ranked YES BANK No. 1 in Safety, Efficiency & Growth. YES BANK was recently ranked No. 2 amongst New Private Sector Banks, in the Financial Express survey of India�s Best Banks for 2006, while being ranked No. 1 in Growth. Today, YES BANK is present across all major cities in India and offers a comprehensive range of banking products and financial services which include corporate and institutional banking, financial markets, investment banking, business and transactional banking, retail and private banking business lines across the country. The Bank�s constant endeavour is to provide a delightful banking experience expressed with simplicity, empathy and totality.� Sales and NP for year ended 06 � 07 were 788.3 Cr & 94.4Cr. Sales and NP for latest Quarter 443.2Cr & 54.2Cr. On YOY basis NP has increased by 71% & based on quarter latest its increased by 116 %