Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Indian Accounting Research Analyst

Thematic (Sector/Industry)

India Financials / Thematic (Sector/Industry)

<p>Shares of <a href="https://www.smartkarma.com/entities/yes-bank-ltd" target="_blank" data-smartkarma-citation="entities:767:1" rel="noopener">Yes Bank (YES IN)</a> plummeted by more than 56% today after the est Indian Bank, <a href="https://www.smartkarma.com/entities/state-bank-of-india" target="_blank" data-smartkarma-citation="entities:160:1" rel="noopener">State Bank Of India (SBIN IN) </a>and nation's largest insurance company, LIC decided to buy a stake in the crisis-hit lender.</p><p>Furthermore, the RBI has come up with a draft revival scheme for the bank after announcing a withdrawal cap of INR 50,000 and a moratorium period of 30 days. The real chaos is yet to come as these 30 days can bring in some unwanted halt to the businesses at ground-level and hence the economy.</p>

Shares of Yes Bank (YES IN) plummeted by more than 56% today after the est Indian Bank, State Bank Of India (SBIN IN) and nation's largest insurance company, LIC decided to buy a stake in the crisis-hit lender.Furthermore, the RBI has come up with a draft revival scheme for the bank after announcing a withdrawal cap of INR 50,000 and a moratorium period of 30 days. The real chaos is yet to come as these 30 days can bring in some unwanted halt to the businesses at ground-level and hence the economy.

Fall of Yes Bank: Knife for the Economy