First PMC, Now YES Bank: How Worrisome Is the State of India's Banking Sector?

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in the Quint or English Queen Kei.
YouTube channels pay up Big head.
They have cast life.
Carry Grandma Quilliam Liquor.
Kai.
Yes.
Bank A fiasco over Hamas.
Soft guest her our banking analyst.
Hi.
Independent analyst or body Credible.
Had him in the Hazari.
And because about the Yankee?
Yes, Bank.
About Emmett.
Here.
Look at our police.
Say warning.
Billy hated those are suppressing the brokerage Icky bank Crisis to hell I can do hold.
I got generally Mahal licking our money and see its charge of a sugar cake Very quickly labeled hotel callable here this waas in every table escape.
Maliki has a cure.
What if anybody crisis?
Cuban e is commonly banking Sector economy Takai impact is for detail Vagina like a subsidiary Arch up locally age Oh yes.
Bank depositors generally started moving.
Just let that will go.
Some panic in here as you're well.
Smith Stakeholder number one The positive keep crisis.
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Successful Apple school is talk of a number of damage.
The case damaged Hecky Be a Meineke Leopold pasted.
Go up to 50,000.
You can withdraw from miracles through various accounts that you have and If there is a medical emergency, there's a wedding you have to produce papers on.
They have to convince them you can withdraw or parts la copia.
So as of this moment, that is all you can do as a depositor.
There's nothing else you can do, all right.
It is a hope that believe that reserve banker when they will come up with some kind of solution by which you will be able to get your money back.
But the government has assured the depositor and hand has assured the public that depositors in yes, but I will not lose their money.
I think that is a very major statement that the government has given mind you for PMC Bank that has not been given.
So depositors in yes bank should be a short should feel should not be unduly concerned that there money's you know it would war with some very it's a secure PMC Kiss me assurance.
Nate.
He stopped a manipulator publicly co operative bank.
They jointly, they relate with the state government.
Actually, in a cooperative bag means the other regulations or not.
But it's ah ho too cocky because there are two regulators every eat Regulator is saying it is the other regulators for and enough Cooperative Bank Normally depositors off water people They're normally in these banks But governments are cardinal your decision Kia Hecky Cooperative Bank Depositors can be sacrificed But Cheadle Commercial Bank depositors have to be saved right up now Inevitable car tow This court will explain Coming home.
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Kurata?
Yes.
Banking the many or wartime does I'll even pay.
Listen.
12 4013 Financial circle, maze of Jupiter like yes, bank was doing high this Lindy.
Wherever I'm in the institutional space, I meet fund managers, domestic and global.
Whenever yes, Banks.
Name used to come up.
The first question they used to ask me was What is what is in your opinion, there?
True asset quality.
Everybody knew that they were doing high this lending but gay account.
Ms.
Obadiah Telegraph profit income growth of our bust, our hefty growth and deposits and credit.
But financial world makes a data.
It is not going to last.
That was very well known.
It was normal to the analysts like myself.
The news it was known to the business media on it was known in the financial sector Here.
Bomb Look up there!
Cell casual budget mechanic Just focus.
He does the Bank Sepah Sonny Mil Tower 100 Religious.
Adama's Boot Hopscotch Holding Yes Svankmajer Cem Mil jagga High interest rate.
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Black Sports School led a CD Power Cox and Kings Lily two year eight tentacles up along the way.
Yeah.
Wow!
Who get you killed?
Regulator First, the board of directors of Yes Bank completely filled, but your body common have private sector.
May kiss a board of directors of independent, very famous local, but actually Wassup ceremonial nameplates here.
Goodbye, Chipmakers.
Their board makes a job at whatever they do.
They doesn't rubberstamp.
In most cases, the board of directors of yes bank should have exercised stringent award side.
It is a bank bank May depositors, Capacitors are the hotel or not.
Kappa Sakamoto.
You can cut debt to equity the sake of that.
So it is The board of directors is the first line of defense.
The first line of defense totally failed.
Second line of defense is the auditor in every way.
16 f y 17 Are Bienenstock a banker inspection yet known Ebola so style May bank accounts were not showing a true and fair of you.
That means this bank was Mr Reporting.
It's our members Now that is a very serious offense in banking.
It's a criminal offence.
If the regulator proves it is willful, it is a criminal offense.
Many a Balata Sadr Amir Dickie Exile Hobie 16 May Albany Monica Cop Car counts are not pressed f i 17 maybe a Sakata, the manic a hockey A certain accounts of it is fraud alert.
How can you continue with the CEO Mr Rana Kapoor?
How can you continue with the chief financial officer born in Zenica?
What did the board react?
They gave them increase in salary vehicle independent banking analyst him and he's about cover Jewess.
Castor Key is bent Gary Portal protein salt or a special child party shoes.
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Got some ugly Yeah, a haze kind.
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Go on, say shareholder Arjo Corporate bond holders are filled with some chocolate Nikki depositors calculate cookie people for sale Where are or Chapman Diaz?
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Caro are being equal Resolution plan Benali a shy it.
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Maybe be live or last week.
Maybe you management where working night efficient management.
They care.
We didn't I ask you?
I tried January 2019 one car first Responsibility Equity risk.
Technically a bank Scooby potato.
Lucky both.
Goldman wouldn't bad asset quality the border state, but was not being reported.
Don't go door $1,000,000,000 coward Internal estimate Talk It's not equity infusion today.
Now, if that equity infusion had come, you could have reserved is well, loss was about $2 billion lost.
Now exiled me.
He kept trying the bank tryingto these funds.
It went abroad.
The feedback I was getting that they are not interested foreign institutional investors.
We're not interested because no boat, but I shan't take a year to make it.
Knock it off.
Knock over under the outcome's So they were not coming in now when it was not coming in.
That is unlikely allies last year that this is going to play out like this because of equity investors are not coming in.
Then it is going to head for default, major default, and I'll be going to announce a moratorium.
So it was just a matter of time then.
I was very clear because if you're not getting equity funds, then you moratorium uniter and I have to tell my friends, Sir, tell me if you have any deposits and yes, please move them up.
Theirs alleges we keep each.
Lately, no may dedicate a slow or silent run on the bank.
Hi, Logan.
Saved Rocky.
And you're just a number deposit book.
I figured that we don't know because they're December and results have not yet been announced.
September results Don't put the dough lack of crude cart deposit, but normally corporate.
My name would have pulled out there very fast.
I think this will be locked off retail today.
Who kept because of the much higher interest rate.
Mary does many bullets.
They could direct transfer Bela question Does the other interested there?
That'll make you built in.
Come on, you're talking about which are positive.
They hit Arjun Rana Kapoor.
Keel about you.
About you just hop panicky criminal offenses Haddadi again, Erica Sister cardio put our bacon butty pressure.
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When I got close to him, he shot a police car enforcement agency.
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Marina, That person is that right?
No, Very correct.
In the first round, when he took charge and he went to Singapore Hong Kong and he met large fund.
Then I met Please fund subsequently when I was so many people have interest.
Heck and the bullet bought the cobalt is a trouble.
Watch your price, man.
So that was the first time I realized that is not going to have a lot of difficulty raising a quick difference, right?
I make you.
But it's what?
Profitable hotel banquet toe driver to stay calm.
Oh Jagga, your bank crisis No plastic undertone rule understand me?
Kiss her car Depositor Kappas!
Are you blaming Gigi?
Our car killed scoop but chae or yeah, indirectly for taxpayer.
Taxpayer, you have a beer can time so it's practice.
But this is a global phenomenon.
It is not safe in their hotel globally.
Here you get the bank filled out there The economy may in America Britain Normally you will not allow a bank collapse.
You will make another bank Take o other deposit liability Equity shareholders Car Professor *** Born hold US Cup s on and it was a corporate steps up there.
But depositor emanated always you reported.
You have to protect otherwise.
Calcutta.
If one bank falls, it is contingent that people will start withdrawing money from a bank because they think that deposit is not safe.
Big systemic risk Walla Bangkok Ochiai Beyond your top banks and skill ish man 50 largest bank, but a high profile bank.
So it's Mr Car R B.
I really consider constructed a prompt corrective action or years.
You are chairman and deliver you, but effective.
They're gonna split up.
Can I can actually remember my suggestion.
Waas that first Rana Kapoor should have been removed by the Reserve Bank of India much earlier.
They should not have allowed him to complete history before his way.
As soon as they found that there was mismanagement, they should have removed him.
They should have been prosecuted.
Send agencies to see Was there any criminal misconduct by him?
And it's senior executive up top Which name way because from three years A balance sheet Oh yes.
Bank has increased right.
You could have at least contained the problem on a bi carb yoga.
This time globally.
The situation is not good.
Global economy got bored In India there is a massive economic slowdown in In this environment, a big bank is running into trouble.
So if you have thought of this, done it three years ago.
Robin.
Better yet, bring with him on the bill.
Quit filming Tanaka, gullible fool, or give Nick a pelican citric acid to the footie Gallico.
But Charo, who star attraction right cookie, are getting a bank fellow talk to systemic contagion.
Allow globally rating mechanic issues because of it.
No very good in banking.
You have to take swift action on.
It has to be very severe action.
Unfortunately, our be a takes.
In my view, they're taking far too long on their not being severe up banking.
May they should fear the regulator.
Swift or severe dokey were hanging.
Don't know any whore eyes.
Kiss me exactly, and they should be feared and a good letter should be feared up.
Decay.
With 1/4 quarter Mandira Bank rvn has capitulated to protect my Andhra bank.
Normally the bank capital, it's so the regulator here it is the other way round.
So this tells you how important certain bankers in the private sector have become, This is, to me a key problem.
It has to be addressed, but unfortunately, media does not pay any attention.
What because these banks are very large advertising budgets, media stuff, investigating them?
We'll give them best banker award.
Best Bank Off the Year award are the officials.
Deputy governor will give such awards as the guest of these people.
So how can anybody investigate if they are beneficial?
Is giving the award to the person you should be investing.
If media should be exposing their misdeeds is giving them best Banker award.
How can anyone know what is actually going on in the system?
Europe Musically Chiaki Quarterly results Symbology known in the lake dissipation.
He had his shot and be a good number, but what Barchi wala had become even that was our cocaine kind.
Yoga Togo Barker kick numbers the market number turning in, estimating the market.
It's between.
He says that over 35,000 crows but their equities about 25,000.
But Jesus, our croc acquitted equity into equities finished off once bank.
Any banquet goes under mortar told him there is no equity left and that is what market is today.
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Looked ahead citing the best urban car.
Can you?
Yes, You bank of yours anyway So there are two scenarios.
One, It is the best scenario for deposited If some large bank like is being acquires Yes, bank and merges with acrobatic could be good lost soul That 15,000 crore couple lost will never live here That to me is the best scenario.
Second scenario is if State Bank of India takes 25% stake a lacy takes another 20 fi on HDFC Industrial quarter Pick small smart steaks.
The view is that once they take equity stakes in the bank other equity investors were not coming forward earlier will now come forward on David, Acquire the put the equity in tow.
This yes.
Bank on then moratorium will believe hidden things will continue as normal.
Third situation is recruiting another foreign big foreign bank comes in.
Now, if a big foreign bank comes in, it has to pump in about 30,000 crores equity.
Because there is no equity today in Karbala and cheat codes in La Cucaracha, about 10% will be about 30,000 grows of each entity today can put in 30,000 calls into one single.
Very few entities are there.
So if another problem, yeah, key.
If the small, small investors all come together another leadership of his Vienna Lacey L.
A.
C.
Has been a board member of excess being they could not supervised.
Access Bank properly will be pro problem member again with the board of a lacy and Leslie was given I d be a bank to look after.
They had been not much progress for one year.
So having a lacy to me does not your show confidence, given that track record in other banks, is being also having difficulties today.
The whole banking system so mu J B that will not be a viable solution because once moratorium is lifted, existing depositors will just take that deposit and go to another bank.
But if it is merged with another bank, then they become customers off that entity, so they'll be safe.
Still, this looks like eventuality that some credible entity or a group off people have to come in so that there is no run on the bank.
Correct.
But the problem is, for one year they have been looking for people they're not from.
Other question is they were looking for people at a price of 60 to pay 70 Lopez and 30 for therapy.
Now, at probably ₹12 people may come.
And so we have to see it with one or two pieces in a manner of speaking or actually, 13 peace cannot be 30.
This junkie, The view in the market today is that this bank has no equity.
That means the losses of is or comes equity.
So unless the people value the branch network and its retail liability base, then you can get some value.
Okay, so s B A.
L.
I seek about him happen about a chess analyst, A sketchy guy shoes.
Highsmith toe credibility.
Which a Yogi large chunk in local angle a low or credibility?
Really a quick private bank.
Go bowling air.
Hot like an operator.
Sarkar Kagan.
Liberally to love money or work Credibility.
Linda Cummings Harbor.
End of the day.
Whichever party comes to run it as an independent, totally.
You have to pump in about 30,000 crows which is being analyzed Will do.
They would only do part off it.
Now.
The problem is, who is going to actually than the bank is going to be a V I person?
Is it going to be a lacy?
Is it want to be some of the private sector back?
That is the problem.
So they're deported on The problem is this Once the moratorium is lifted and you're an existing deposited this still yes, bank, you continue to put your money in the bank close off one month you've not been allowed to take a little Germany, so that confidence now has gone with their depositor.
So it has to be a very credible party, super credible party to keep your deposit franchise that is very important in a big toe.
Just to speculate, can it be?
It's KFC can in a week or two to meet it.
Unlikely because both the very conscious of the quality that they want to take.
Okay, So I don't think even at zero, because if I'm even every zero actually have to pump in equity.
Even if it is a small money, it will be a few 100 cross, not 3000 close if you're taking a decent stays and stick.
Yeah, so did I.
Don't want to get there.
Could really nobody knows.
See that the results of the last water also not also.
No one knows what is the based.
What are we looking at?
Correct.
What is that?
Tech, State of the book.
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Cooperative banks keep watch for the family.
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The private Sector K Bank, filled with different book, is inaccessible to General Yang experience around which is cousins they could apart from Global Trust Bank, which was a decent that because our crawled into 1004 loss was a big one The Deuce Fairbanks the losses would be managed by the acquiring party.
You're no yes, bank is a large bank deposit Busy Dola croak the loss.
Also, people are singing remember 25 to 30,000 That range is a number of espresso.
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Come, we're here already.
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Negative implication they called globalists depth economies do well and when they do badly, banks offer when the economy's do better globally be serve God or taxpayer be local banks.
So that has to happen Problem in their Mika Hauraki Global capital or global credit rating agencies are not permitting governments to increase the fiscal deficit significant so government cannot spend Try toe save all these institutions plus to revive the economy when you are with the global credit rating agencies and global capital is not allowing you to increase fiscal deficit.
So then you have to look at all these little backers whether it s b, I thought you'd take a public institution delivery you can Actually, they should be done as in expense from the guards Union budget.
But because there is this which I don't agree with this putting fiscal deficit constraint You are making a lacy state Bank of India ONGC take all these responsibilities which the skate through itches are escape helical Well Cookie, are you CASS?
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Government cost so much money, I finally the weekend number two is balaka cost again.
We're definitely but vise Also the regulator not taking action, Only one it can be because they're incompetent.
Cool, Because these people also very politically powerful.
All these individuals, they get both connections with their politicians KEDO three Buddy buddy industrial houses the bureau Craxi I'll officers I esca Bureaucrat Kalaba can direct link So then people cannot take action because there's all this network off cronyism.
So that is why I also you're not being able to take action.
That's where you need a very form and strict regulator yea off itches or his bank about image of opportunity.
But I have to worry about Mac.
We banking Bob regular following a house cat expert meaning home licking their cell doors are tricky policy about a roommate like a mini vacation about your income balance sheet will be exalted.
Solomon Milton Bull pour shift accounting normal.
Our top officials up her cell bank inspection report.
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Have never inspection committee.
I'm questioning.
Is that possible?
He will be a science fiction off formula top innately incompetence or inefficiency and about your chronicle of their cook man.
Yes, banks.
They made two thousand's a trusted the crowd.
I only deal with public information.
Good either list message of public information.
Medic.
But I could make out from public information that there are a lot of problem.
I was publishing articles also, which is in the public domain.
But that time nobody wanted to listen to me.
There.
Didn't want to listen.
Also, you can be in a way you can be termed as a whistle blower Harbor.
I'm going outside.
You think liquid media can also Dokan with other analysts can also do were trained in this field.
But problem?
Yeah, Yeah, is there?
Nobody wants to blow the whistle up through the spotlight.
Everybody wants to be belly belly with the community.
It is a year to U P A k a timecard saga over car number that you could do a little American momentum up chase Explain companion.
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Okay?
Car.
Even my locker key 2.40 like crow does our sacrament one point for, like cruelty these elephants in the air also, you cannot bring everything.
You may have some part of the blame, but issue is now you have seen in power Now for 14 dumb have been in power.
You should have taken action on this bank in 2016 17 Only when your inspection will actually showing it to stand them that you didn't do anything.
The problem has gotten bigger bought by amount here.
But I excel.
Mottos are suppressed.
Jeremy Garrett, You see what they are wrong there today?
Yuki Capital Bank main problem arises.
Banker feels that if he grows more he will hide the problem because of the additional growth.
Then pay a percentage number.
Look small problem here where the Indian economy also went into a severe downturn all these years.
So actually, when you go like that and the economy's going downhill, it compounds your problem.
His bank about it make bubble Thank you.
Bought risky loan dated here looking where?
Say, better managed bank or digital may know nature can keep your wacky fun Pay back.
And Erica had toe service.
Bongo, We do straight digital online payment platform.
Don't call me.
Issues are elegant or debit Credit card.
Comical transaction, honey.
Okay.
Yep.
Bala Positive.
A significant positive action car.
Does it look like a child?
That will be insignificant.
Ok, Yuki, if he shouldn't see duty be double duty be also was working and I was covering.
Do you have a both efficient bank?
What's up, ball?
Excellent service.
You're cooperative Bank me, some war banking and Cooper Very happy with the service that it both on.
It could be also that's But the problem is, as a bank you have to be conservative.
That is the basis of banking.
These banks GTB, they have not bean conservative and that is the proper.
That is the most important aspect in the bank.
Can you give credit?
Can you evaluate credit credit has to come back.
It's very easy to give it more difficult to get the credit back.
That is the very important thing in banking.
Toe up in Batac Best case in your crack option is Qari banking sector Pay or dark, good, bad for low tech or larger economy become helpful The larger economical followed.
Hey, hey Bob Bank between us Bank of the Moratorium overto sub deposited school But a shot deposit your bank made tea cake and a big is going to increase.
And it will be felt mainly with other private sector banks because everybody knows government bank may not be so efficient, but your money is safe.
So this problem I will see coming through some of the other banks, like industry and bang.
Yeah, Bill.
Already their share prices are falling much more than the others.
Your same problem jokey, genuine business difficulties.
Yeah, Questionable difficulties him with any Afghan Anke.
Do say, bank being decent Japanese family are economic issues or be history Key by the story.
Danica Chance chance both good economy slowing down.
The economy is not picking up okay and we have decided maybe I'm wrong way lug a tacky or which is for loading and B f seizes is very high risk walk they weren't giving took us to Muslims banks for not giving automatically.
They were on a much riskier black form than banks, so we still do not know what is.
The problem is yet to come out from all the envious is tell us are gonna score a particle negative.
Actually, our depositors joke about a guy's luck saving banking or it Minnick a moratorium head toe as a depositor Middle David card credit card account with rubble Sub toe here.
Be essentially are critical, for he's got the solution is correct.
We advise, Baby.
Take a chance, Mr Average I Toby Deposit records.
Chiara is bank secrecy or back deposited?
That is my view.
Yes, or it's got confidence.
Self sbl Isaac Anderson, He Hogan.
A solid toe catches and you see a bank fills it track for a Yankee.
Jessica Elephants were like problem, Man.
It's karma.
Semantical grab headlines about a habit Toe is Scooby Akane Headlines.
God didn't kick from Control Rig A big problem and Yuki I left with Miss Up hold Still Investors Institution here.
This is public.
There will be lines outside branches still more stronger, so we won't both public visibility or get a quick sarcophagus.
I said public visibility natural of time, but according to me a lot.
Reputable bank either Must yes should be much with or a very prominent bank must take over totally inside it.
You talk about Google Maps up which rookie?
Banking sector car health check head check Banking sector car economic ahead Checked a local names When the economy is not doing where the banking sector also has, it cannot be better than what the coronaries blast telecom sector problem is alleged to be a problem.
Our problem is getting worse.
It appears Smith Yes, You bank health check pic appears to bank ahead.
Check Big Charming young Yuki P s You back also has a developmental troll.
That is why Sakari ownership a tear that responsible So far more PS two bank has failed but it always being bailed out by government.
So I don't see any problem.
It's that carry bags all this crisis Are they enough to nudge the government to really come up with some real salvage plans?
Will plan or now with global turmoil plus Corona why don't slow down?
We have got nicer excuses to say K s h l e Gabi.
We are monitoring constantly monitoring, but we can't do it here government imposed the monetization.
They were stated rural India.
There was stated small scale with employment.
Very intensive.
The government to any remedy.
After that what snake you jst government implement again?
There was no great urgency.
The only war decided again.
Have ah create here.
Have they tried to rectify the admittedly more?
Oh, yeah.
Government disorder appears to me they do damage, but there shouldn't have been doing anything about damn it after they pretend Okay.
It's a key, k that this is unfortunately there appears to be the strategy of this government.
In fact, John, take a heavy juvenile.
But Karan toe many viewers.
Okay, Cymbalta, push Giulio girl, Regular retail depositor While it so well, which also Alka Human Resist Kurata pushing up Nebula opportunity Monetization doesn't keep up.
Majestic Hamlet Job macroeconomy.
Political economy Off putting this key.
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I'll be your character is gonna trace can now keep problem cock orca economy slowdown it But like in Germany Bucky record the airport Are you smelled him in interrogation one and GSD number two problem head on you Which people has it impacted Infected the poor people It has not impacted the rich people aboard.
The bonnet is a sure GSD has infected the poor people and the poor people are more than the rich people in India.
It has impacted the employment intensive sectors off agriculture, rural India, small enterprises Employment is concentrated.
So what is happening to the people in rural India?
Media also doesn't want to really comment too much on their butt board.
Boras Harlow Politics gets built like an affinity analysis.
Kelsey's the religion, Felix.
Well, you cook your policy or decision making for tracker.
Yes, sir.
Car about any criticism?
A Cherokee.
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Bob, if anybody problem, Reagan Day.
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Whose Carpegiani year?
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Marco Pakistan.
Very right.
I was not expecting you to say this, but I gotta be about bull and petroleum Goes on key.
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Keep performance development 10 Double chin just got major concern.
Economy?
Yeah, Chia Bree Ho.
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Yes, sir.
Carry a party.
Julian Natural are here.
Witness live, Erica.
It's not toxic.
It's not the opium key economy.
Key priorities Go fix, come out miracles on me.
Is that right?
To say that is one other thing is they're unable to fix the economy.
So they're doing this to compensate, to tell the people that the bigger problem Pakistan is a bigger problem.
Canada.
Our terrorism is a bigger problem because they're unable.
They're not willing to fix the economy.
Bill called a pigeon coronavirus about correct.
Today they dominate the compass.
Was teacher charged to Kamloops of legacy Get stuck around our terror related death?
Indiana heard in 0.0 it they gotta be silly.
Come or maybe marry our communicable Noncommunicable.
The scale of our road accident suicide Suddenly locker Que has our own look Billy Martin to public health.
Emergency emergency money.
There are a 1,000,000 super emergency our economy.
Mitchell Ky Bra!
Latakia!
Janaki is for Jesse Sarkar!
Destructor Nikolay do three Shoot!
Larry is our heavy tow spot Set to film You have a key economic imam limit of Karan Key Bottom!
Oh, toga!
Okay, Green shooting again!
Big green!
Shoot a man if magnifying glass Dick night.
But that's all they are assaulted somebody A green suit that I wore Green arrow green should paint even Sicilia opposite minute Be cool!
It's picked, Mickey!
I think you have enough frank opinion.
Then get Chiaki opinion.
But he authoritative what they're looking up about being back ASAP.
Rocky Dough fresh your subliminal but not your catcher.
Sarkar Broderick, Angela Keathley are in constant touch.
We are closely monitoring your constant touch me that they're rebuke of them.
Monitor content style!
Does our past fundamental problem may be addressed.
Goethe upto happen, Rose.
Please appear to be a sushi bar.
Toe of extradition Case of 50 or court made anger.
Court Bible in the book does not happen.
Ebola police tow up to Alaska.
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My liberty lizard tongue work as a donkey number may privately look about Captain licking publicly.
Comfortable.
Tent up, Castle.
Nobody asking about.
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Chacko so nakedly hostile area on him and Jacobi.
Thank you.