YES Bank: Why Mutual Funds are Running Away
Many institutional investors are facing a huge uncertainty in the inability to judge whether the bad loan situation of YES Bank would improve or get worsened. This is a thought-provoking statement from a senior fund manager of a large fund house. In the last financial year itself, about 100 mutual fund managers have completely disposed of their stake in YES Bank. Even the Ex-CEO Mr. Rana Kapoor has lost $1 [...]