YES BANK LTD

Buy with a Stop loss of Rs 64 (Medium –Long Term Holding)


Highlights:

1.Experienced Promoters & Holding by reputed Institutions


a) Ashok Kapur and Rana Kapur (27.6 %)
b) Doit ,Mags & Morgan ( 24.6 %)
c) Rabo bank International (20 %)
d) Citicorp (10 %)
e) AIF Capital (7.5 %)
f) Chryscapital (7.5 %)

Ashok Kapur, chairman, is a graduate from Institute of Bankers, U K. He had a long stint with ANZ Grindlays Bank in various capacities. He was also Regional Manager (Executive Vice-President), ABN Amro Bank, Singapore and has the distinction of being the first Asian to be appointed “Country Manager” of ABN Amro Bank, India. Before joining YES Bank, he was the Managing Director of Rabo India.


Rana Kapoor, managing director and chief executive officer, holds management degree from Rutzers University, US. He has over 20 years of experience with foreign banks like ANZ Grindlays and Bank of America. He was the managing director and CEO of Rabo India.
Apart from the experienced promoters, the senior management team includes reputed names like Wouter Kolff, Hans ten Cate, Ajay Relan, Ashish Dhawan, Ajay Lal to name a few.

2.GROWTH OF MORE THAN 1500 %
Net Profit of Rs 1125 lakhs (June 2005 Quarter) from a loss of 376 lakhs in previous quarter (March 2005).

3.Technology & Branch Expansion to bring in positives