YES, we failed to spot this one also
Each time there is a failure, whether Satyam or IL&FS, we find regulators failed, as did auditors, boards of firms, etc The collapse of Yes Bank is yet another black mark for India Inc. As the news unravels, one wonders what there is to applaud about the country's entrepreneurship skills given the large number of businesses-big and small-that have come undone in the past few years. Without doubt, there have been some tremendous success stories, and several world beaters have been built. But, for every Infosys, Wipro, HDFC Bank, or a Kotak Mahindra Bank there is a Satyam Computer, Bhushan Steel, or an Essar Steel.