4 ms·

>Oct. 31 - Yes Bank gets binding investment offer of $1.2 billion from global investor, sends stock 39% higher. >Nov. 1 - Yes Bank reports bigger-than-expected

>Oct. 31 - Yes Bank gets binding investment offer of $1.2 billion from global investor, sends stock 39% higher. >Nov. 1 - Yes Bank reports bigger-than-expected loss for the second quarter, as bad loan ratio deteriorates to 7.39% and provisions swell to 13.36 billion rupees This seems... odd to me. Almost like they got the money and said "thanks for that... erm, we forgot to mention this other thing here..." On another note, what's with Techcrunch messing with the back button? It takes 4 clicks to get back out!

twodave 7y ago
Typically an investor of that magnitude would have pretty free access to such financial information. A failure to disclose something like this on the bank’s part would constitute fraud, and a failure by the investor to discover this given free access would just be naive and negligent (i.e. they deserve the consequences). Maybe in India the rules are different, I’m speaking from my local experience in the US.
- _Understated_ 7y ago
  Regulation would likely dictate thorough investigation but I know of one example where it didn't happen: RBS purchase of ABN Amro circa 2008. I was at RBS at the time and I remember the fallout later when they realised that paying £10Bn in cash for ABN was a total disaster. I believe the term that was used was "due-diligence lite" to refer to the amount of investigation performed. Which was especially stupid given that, I believe, Barclays had already walked away from the deal.
sumanthvepa 7y ago
Same problem with the back button. Techcrunch seems to be deliberately attempting to disable the back button.
- fastball 7y ago
  Presumably it's just tracking layers in between the link and the actual article? With adblock on, my back button works just fine.
  - sumanthvepa 7y ago
    Yup you're right. On initial click it takes you through a bunch of tracking redirects. Subsequent visits don't show that behavior.
aszantu 7y ago
Using duckduckgo browser on smartphone, back worked with one clicking

twodave 7y ago

Typically an investor of that magnitude would have pretty free access to such financial information. A failure to disclose something like this on the bank’s part would constitute fraud, and a failure by the investor to discover this given free access would just be naive and negligent (i.e. they deserve the consequences). Maybe in India the rules are different, I’m speaking from my local experience in the US.

_Understated_ 7y ago
Regulation would likely dictate thorough investigation but I know of one example where it didn't happen: RBS purchase of ABN Amro circa 2008. I was at RBS at the time and I remember the fallout later when they realised that paying £10Bn in cash for ABN was a total disaster. I believe the term that was used was "due-diligence lite" to refer to the amount of investigation performed. Which was especially stupid given that, I believe, Barclays had already walked away from the deal.

sumanthvepa 7y ago

Same problem with the back button. Techcrunch seems to be deliberately attempting to disable the back button.

fastball 7y ago
Presumably it's just tracking layers in between the link and the actual article? With adblock on, my back button works just fine.
- sumanthvepa 7y ago
  Yup you're right. On initial click it takes you through a bunch of tracking redirects. Subsequent visits don't show that behavior.

aszantu 7y ago

Using duckduckgo browser on smartphone, back worked with one clicking