Market is a great place to learn… you have at least not lost money in the proces…
Yes bank can never make money as their cost of deposits are very high… and on that a huge employee cost… if you see banks which have given good returns have reduced cost through increasing CASA balances and lowering of deposit costs. and at same time use technology to keep employee costs low. Yes bank is not doing either of these… they will not be able to also… Deposit rates have to be higher so that people put money in yes bank. people will not make yes bank their primary account so CASA will never pick up and lasts employee costs are high which every one can see… and to top it all provisions for bad loans still high.
trust lost in a bank can never be recovered… it has happened many times in the past…
Disclosure – sold at huge losses… have written it off and moved on.
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