YES Bank: Here's what an investor should do now

Now that YES Bank is out of F&O ban, I want to make a few quick points. I do hope the blog and warnings I had written on it were heeded to.

For starters, the stock is down 26 percent this month and futures are down much more with a discount of over Rs 4 (almost 8 percent), which is unheard of for an index stock. So who created all these shorts while the stock was in ban or even before?

If you believed all the source-based stories that a large and renowned US-based company will put capital in YES Bank, the joke is on you. It was very clear that there was an issue in getting good and credible names on the table. And this will now remain a big risk on whether the bank is able to raise capital or not as its survival depends on that.