A Report On "Financial Statement Analysis of Yes Bank Limited"

A Report
On
“Financial Statement Analysis of Yes Bank
Limited”
NAME: VIPUL GARG
REGISTRATION NUMBER: 18A2017142
IMT CENTRE FOR DISTANCE LEARNING

(IMT CDL)
ACADEMIC YEAR – 2018-2019

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A Report
On
“Financial Statement Analysis of Yes Bank
Limited”
NAME: VIPUL GARG
REGISTRATION NUMBER: 18A2017142
A Report submitted in fulfilment of the requirements of

PGDM Program of
IMT CENTRE FOR DISTANCE LEARNING
(IMT CDL)
IMT CDL | VIPUL GARG | 18A2017142 Financial Statement Analysis of Yes Bank Limited
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No Objection Certificate
This is to declare that I have carried out this project work myself in part
fulfilment of the PGDM Program of IMT CDL .The work is original, has not
been copied from anywhere else and has not been submitted to any other
University/Institute for an award of any degree / diploma.
Date: 22/12/2018 Signature:
Place: Ghaziabad Name: VIPUL GARG
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PREFACE
It is aptly that pragmatic and functional knowledge weigh more than
classroom learning. This fact became unequivocally clear while i was
working on this project and got an opportunity to comprehend the mindset
and psyche from the standpoint of a customer while choosing among a
varied range of diversified products available in the market in today’s
world.
My project report comprises a deep rooted and profound study on the

subject of ‘Financial Analysis of Yes Bank Limited’, which has gradually but
in a steadfast manner, evolved from a novice beginner and transformed
into a corporate colossus, earning laurels and prestigious recognitions
throughout its journey.
At the outset, my project report briefly introduces the company i.e. Yes
Bank Limited and its accomplishments and later part outlines the relevant
data by way of significant and consequential presentations and analysis.
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CONTENTS
1. Introduction
a.) A Brief Introduction
b.) Objective
c.) Yes Bank
d.) History
e.) Board of Directors
f.) Board Committees
g.) Organisational Structure
h.) Products & Services
i.) Subsidiary Companies
j.) Public Recognition
2. Financial Statement & its Analysis

a.) Study of Profit & Loss A/c
b.) Study of Balance Sheet
c.) Study of Cash Flow Statement
d.) Financial Statement Analysis
3. Analysis of Financial Statement of Yes Bank

a.) SWOT Analysis
b.) Comparative Income Statement
c.) Comparative Financial Position Statement
d.) Ratio Analysis
e.) Cash Flow Statement
f.) Profit & Loss A/c
g.) Balance Sheet
4. Market Analysis
a.) Price Movement in Last 90 Days
b.) Market Share
c.) Future Aspects
5. Conclusions
6. References
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CHAPTER 1 – INTRODUCTION
A.) A Brief Introduction

In any organization, the two important financial statements are the Balance
sheet & Profit and loss account of the business. Balance sheet is a statement
of the financial position of an enterprise at a particular point of time. Profit
and loss account shows the net profit or net loss of a company for a
specified period of time.
When these statements of the last few year of any organization are studied
and analysed, significant conclusions may be arrived regarding the changes
in the financial position, the important policies followed and trends in
profit and loss etc. Analysis and interpretation of the financial statement
has now become an important technique of credit appraisal. The investors,
financial experts, management executives and the bankers all analyse these
statements. Though the basic technique of appraisal remains the same in all
the cases but the approach and the emphasis in analysis vary.
A banker interprets the financial statement so as to evaluate the financial

soundness and stability, the liquidity position and the profitability or the
earning capacity of borrowing concern. Analysis of financial statement is
necessary because it help in depicting the financial position on the basis of
past and current records.
Analysis of financial statement helps in making the future decision and

strategies. Therefore, it is very necessary for every organization whether it
is a financial or manufacturing etc. to make financial statement and to
analyse it.
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B.) Objective
The main objective of this report is the following:

 To study about YES BANK and its related aspects like its
products & services, history, organizational structure,
subsidiary companies etc.
 To analyse the financial statement i.e. P&L account and Balance
sheet of YES BANK.
 To learn about P&L Account, Balance-sheet and different type
of Assets& Liabilities.
 To understanding the meaning and need of Balance Sheet and
profit and loss account.
 The purpose is to portray the financial position of YES BANK
with the help of balance sheet and profit and loss account.
 To evaluate the financial soundness, stability and liquidity of
YES BANK.
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C.) YES Bank
YES BANK, India’s fourth largest private sector Bank, is an outcome of the
professional entrepreneurship of its Founder Rana Kapoor and his highly
competent top management team, to establish a high quality, customer
centric, service driven, bank catering to the “Sunrise Sector of India”. YES
Bank was established in 2003.
YES BANK is the only Greenfield Bank license awarded by the RBI in the
last two decades, associated with the finest pedigree investors. YES BANK,
a "Full Service Commercial Bank”, has steadily built a Corporate, Retail &
SME Banking franchise, with a comprehensive product suite of Financial
Markets, Investment Banking, Corporate Finance, Branch Banking,
Business and Transaction Banking, and Wealth Management business lines
across the country.
YES BANK has total assets of ₹ 3,124.49 Billion as on 31st March 2018 on
consolidated level and Net Profit after Tax ₹ 42.24 Billion on consolidated
level. YES BANK has over 1100 Branches in 710+ locations & over 1720+
ATM’s across the country. YES Bank also has 18,200+ Bankers across PAN
India.
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D.) History
Yes Bank Ltd was incorporated on November 21 2003. The bank was founded by Rana
Kapoor. The Bank obtained certificate of commencement of business on January 21
2004. In the year 2005 they forayed into retail banking with launch of International
Gold and Silver debit card in partnership with MasterCard International. In June 2005
they came out with the public issue and their shares were listed on the stock exchanges.
In December 2005 the Bank bagged Corporate Dossier award from Economic Times. In
the year 2006 the Bank received Financial Express Awards for India's Best Banks. In
April 2007 they made a tie-up with the Agriculture Insurance Company of India (AIC).
The Bank was ranked as the No 1 Emerging Markets Sustainable Bank of the Year-Asia
at the FT/IFC Washington Sustainable Banking Awards 2008 in London.
The Bank was ranked as the No 1 Bank in the Business Today-KPMG Best Banks Annual
Survey 2008.During the year 2008-09 the Bank opened 50 new branches and 18 new
off-site ATMs. During the year 2009-10 the Bank opened 33 new branches. They opened
64 Branches during the year 2010-11. As of March 31 2011 they operated 214 branches
across 164 cities in India and approximately 250 automated teller machines (ATMs).At
the beginning of Financial Year 2010-11 the Bank embarked on an ambitious journey
into the next phase of growth and launched YES BANK - VERSION 2.0 Building the Best
Quality Bank of the World in India. Version 2.0 is clearly the most stimulating phase in
the life cycle of YES BANK with a vision of establishing 750 branches 3000 ATMs 12000
employees Rs 125000 Cr. Deposit base Rs 100000 Cr. Loan book and an Rs 150000 Cr.
Balance Sheet size by 2015.
Yes Bank was the first institution globally to receive funding through IFC's Managed Co-
Lending Portfolio Program and the first Indian bank to raise loan under IFC's A/B loan
facility. On 30 May 2004 Yes Bank announced that it has successfully closed a qualified
institutional placement to raise USD 500 million (Rs 2942 crore) at issue price of Rs 550
per share. On 18 July 2014 Yes Bank and TRANSFAST a leading international money
transfer company announced the launch of online money transfer services with instant
deposits to customer accounts with any bank in India through innovative technology
offered by Yes Bank and running on the National Payments Corporation of India (NPCI)
core platform. This service facilitates real-time deposits of funds to all banks currently
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connected to the NPCI platform for inward remittances and is available 24 hours a
day/7 days a week/365 days a year setting a new standard money transfer services.
2005
 Yes Bank on May 12, 2005, forays into retail banking with launch of International
Gold and Silver debit card in partnership with MasterCard International.
 Yes Bank has announced that it will enter the capital market with its initial
public offer on June 15 to raise Rs 266-315 crore. The issue will close on June 21.
Yes Bank will offer seven crore equity shares of Rs 10 face value through a 100
per cent book building route. The price band for the shares has been fixed at Rs
38-45.
 Yes Bank initial public offer oversold 8.27 times on day 1
 The YES Bank IPO has been priced at Rs 45 per share as it received the maximum
number of bids at this price. The IPO, which was through a book-building route,
had a price band of Rs 38-45 per share. The IPO received 2, 57,000 bids, resulting
in a subscription of over 30 times.
 Yes Bank joins hands with IBM for tech infrastructure
 Yes Bank launches International Gold, Silver debit card
2006
 Yes Bank Launches YES MICROFINANCE

 YES Bank join hands with Reuters
2007
YES BANK received the Euro money - Trade Finance ‘Deal of The Year’ award for a
structured & innovative Rural Financing solution in providing loans to over 2000
nomadic honey bee farmers in Jammu & Kashmir. The only Indian private sector Bank
to have won this award as the lead arranger out of a total of 367 deals presented across
30 countries.
2008
 Yes Bank Limited has appointed Ms. Radha Singh and Mr. Ajay Vohra as
Independent Director(s) on the Board of Yes Bank w.e.f. April 29, 2008.
 Yes Bank and PTC+, a premier Dutch practical training institution in the field of
high technology agriculture have announced an alliance to develop projects and
encourage innovations in the agri sector and other initiatives in the field of agri-
infrastructure.
 The UAE-based private bank, Mashreq, has entered into an alliance with YES
Bank to launch global Indian banking services across UAE.
 YES Bank ties up with Cisco for voice-enabled phone banking -YES BANK
received the ‘Best Corporate Social Responsibility Practice’ award at the Social &
Corporate Governance Awards 2007. These awards were instituted to recognize
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the need for new innovative strategies to implement the CSR practice within the
business focus of the Indian Corporate sector.
2009
 SKS Microfinance seems to have signed a securitisation deal worth Rs 100 crore
with YES Bank. This deal would allow the bank to purchase 1,48,950 micro loans
extended to unbanked SC as well as ST and minorities' families identified by the
Reserve Bank of India as weaker sections. The transaction has been rated as
`Very Strong Safety' by CRISIL.
 Yes Bank has signed a loan agreement with development finance institution DEG,
under which it will borrow a 5-year loan of euros 20-million. DEG (Deutsche
Investitions-und Entwicklungsgesellschaft mbH), is one of Europe's largest
development finance institutions.
 YES BANK was awarded the 'Most Innovative Bank in India' at the New Economy
First Annual Banking and Finance Awards 2008 held in London and were
announced in the December 2008 issue of the International Magazine, New
Economy. YES BANK is the only Indian Bank to have won this award.
2010
 YES Bank has joined hands with handset maker Nokia to offer mobile payment
services that will enable consumers pay for goods and services using their
mobile devices.
 Yes Bank raises USD 225 million (Rs. 1033.87 crores) through a Qualified
Institutions Placement
 YES BANK commences operations in Assam
 Yes Bank takes off into the Next Generation Phase - Launches Version 2.0
 YES BANK receives Baa3 Long Term International Rating from Moody's
2011
 YES Bank enters into a strategic alliance with Dewan Housing Finance
Corporation Limited (DHFL)
 Yes Bank hikes saving deposit rate from 6% to 7%
 YES BANK recognized as "India’s Fastest Growing Bank of the Year" at the
Bloomberg UTV Financial Leadership Awards 2011
 YES BANK enters into an MoU with the Government of Gujarat
 YES BANK awarded ISO 27001:2005 Certification
2012
 Yes Bank has launched Auto Credit Service to boost its low cost deposits and
attract retail customers
 Yes Bank gets RBI nod for broking subsidiary
 YES BANK awarded ‘The Financial Insights Innovation Award at the Asian
Financial Services Congress, Singapore
 YES BANK establishes its presence in Thiruvananthapuram, Kerala State
 YES BANK launches India’s first Social Deposit Account
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2013
Yes Bank joins IPL with 5-year sponsorship deal -CCEA approves Yes Bank’s proposal to
raise foreign holdings to 60% -Yes Bank to appoint 3 top management executives as
whole-time directors -Yes Bank forms alliance with Credit Ratings for SME segment
services -Yes Bank forms alliance with Credit Ratings for SME segment services -Yes
Bank inks MoU with Austrade to explore agri-biz opportunities
2014
YES BANK receives Ratings Upgrade from ICRA on its various Debt Programmes" -Yes
Bank receives ratings upgrade from ICRA -Yes Bank signs MoU with TERI to promote
sustainable development in India -Yes Bank, Transfast launch instant money transfer
service -Yes Bank mulls to expand retail business -YES Bank enters into home loan
business
2015
Yes Bank Signs up with OPIC, U.S. Govt's Development Finance Institution, and Wells
Fargo to Support Small Business Growth -Yes Bank launches India’s First Green
Infrastructure Bond Issue of INR 500 Crores plus Greenshoe -YES Bank has set up a
representative office in Abu Dhabi, UAE -YES BANK becomes the first Indian bank to be
selected in Dow Tones Sustainability Indices -YES BANK and London Stock Exchange
Group sign MoU -Yes Bank Ltd has signed an agreement with the Overseas Private
Investment Corporation (OPIC) -Yes Bank Signs Loan Agreements with Opic and Wells
Fargo to Support Small Business Growth in India
2016
YES Bank Ltd has Acquisition of stake in IiAS -YES Bank's FIIs/ RFPIs limit increased to
60% from 49% -YES BANK granted in-principle approval by SEBI for Custodian of
Securities Business -YES BANK receives Government of India: CCEA approval to
increase Foreign Investment Limit to 74% -YES BANK receives in principle approval
from SEBI for setting up of Mutual Fund, Asset Management and Trustee -Yes Bank bags
dual ISO certification for learning & development -YES BANK launches SIMsePAY -
Industry First Innovation to empower all Citizens to broad base Digital Banking -YES
BANK awarded 'The Best Bank at National Level' by State Forum of Bankers Club,
Kerala.
2017
"YES BANK partners with Gupshup to introduce AI powered Chatbots for instant loan
offering" - YES Bank Ltd launches first-in-industry Customizable Savings Account - Yes
Bank awarded for 'API Banking' Innovation at Fintec India Conference & Awards - YES
BANK and APNRT enter into strategic partnership - YES BANK becomes the FIRST bank
GLOBALLY to migrate to the new ISO 14001:2015 certification - Yes Bank Adjudged
'Best Technology Bank of the Year' at Indian - Yes Bank has been recognized as the ‘Best
Social Bank’ (in the mid-sized Bank category) during the ASSOCHAM 12th Annual
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Banking Summit cum Social Banking Excellence Awards. - Yes Bank partners with
Paisabazaar.com - Yes Bank certified by BSI for ERM Framework.
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E.) Board of Directors
 Mr. Rana Kapoor: Founder, Managing Director & CEO

 LT GENERAL (DR.) MUKESH SABHARWAL (RETD.): Independent
Director
 Mr Brahm Dutt: Independent Director
 Mr. Subhash Chander Kalia: Additional Director
 Mr. Ajai Kumar: Non-Executive Non-Independent Director
 Dr. Pratima Sheorey: Additional Director
 Mr. Uttam Agarwal: Additional Director
 Mr. T.S. Vijayan: Additional Director
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F.) Board Committees
a.) Audit Committee:
a. Mr. Uttam Prakash Agarwal (Chairman), Independent Director

b. Mr. Brahm Dutt , Independent Director
c. Mr. Subhash Kalia, Non-Executive Non-Independent Director
d. Lt. General (Dr.) Mukesh Sabharwal (Retd.), Independent Director
b.) Risk Monitoring Committee:
a. Mr. Subhash Kalia (Chairman), Non-Executive Non-Independent

Director
b. Mr. Rana Kapoor (Vice Chairman), Managing Director & CEO
c. Mr. Brahm Dutt, Independent Director
d. Mr. Ajai Kumar, Non-Executive Non-Independent Director
e. Lt. General (Dr.) Mukesh Sabharwal (Retd.), Independent Director
c.) Nomination & Remuneration Committee:
a. Mr. Brahm Dutt (Chairman), Independent Director

b. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.), Independent Director
d.) Stakeholders Relationship Committee:
a. Mr. Ajai Kumar (Chairman), Non-Executive Non-Independent Director

b. Mr. Uttam Prakash Agarwal, Independent Director
c. Mr. Rana Kapoor, Managing Director & CEO
e.) Fraud Monitoring Committee:
a. Mr. Rana Kapoor (Chairman), Managing Director & CEO

b. Mr. Ajai Kumar, Non-Executive Non-Independent Director
d. Mr. Subhash Kalia, Non-Executive Non-Independent Director
e. Mr. Uttam Prakash Agarwal, Independent Director
f.) Corporate Social Responsibility Committee:
a. Lt. General (Dr.) Mukesh Sabharwal (Retd.) (Chairman), Independent

Director
b. Mr. Rana Kapoor, Managing Director &CEO
c. Dr. Pratima Sheorey, Independent Director
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g.) Service Excellence, Branding and Marketing Committee
a. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.) (Chairman), Independent

Director
c. Mr. Rana Kapoor, Managing Director &CEO
d. Dr. Pratima Sheorey, Independent Director
h.) IT Strategy Committee
a. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.), Independent Director

d. Dr. Pratima Sheorey, Independent Director
i.) Capital Raising Committee
a. Mr. Rana Kapoor (Chairman), Managing Director &CEO

c. Mr. Uttam Prakash Agarwal, Independent Director
j.) Board Credit Committee
a. Mr. Ajai Kumar (Chairman), Non-Executive Non-Independent Director

b. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.), Independent Director
d. Mr. Subhash Kalia, Non-Executive Non-Independent Director
k.) Committee of Independent Directors
a. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.)

b. Mr. Brahm Dutt
c. Dr. Pratima Sheorey
d. Mr. Uttam Prakash Agarwal
l.) Committee on Wilful Defaulters & Non-cooperative

Borrowers
a. Mr. Rana Kapoor (Chairman), Managing Director & CEO

b. Mr. Brahm Dutt, Independent Director
d. Mr. Uttam Prakash Agarwal, Independent Director
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G.) Organisational Structure of YES BANK
YES BANK provides a comprehensive range of client-focused Corporate

Banking and Commercial Banking Services, including Working Capital
Finance, specialised Corporate Finance, Trade, Cash Management &
Transactional Services, Treasury Services, Investment Banking Solutions
and Liquidity Management Solutions to name a few. YES BANK is
committed to provide innovative financial solutions by leveraging on
superior product delivery. YES BANK covers the entire gamut of customers
through the following specialized relationship groups:
1.) Corporate Banking :
The Corporate Banking (CB) business at YES BANK provides comprehensive financial
and risk management solutions to clients having a turnover of INR 1,500 crore and
above. The relationship experts across this business unit offer an array of services to
Large Indian Corporate & Mid-sized Corporate.
2.) Emerging Corporate Banking
By continuously evolving sector specific products and services, YES BANK paves the
path for a brighter future for Emerging Corporate with a turnover between INR 500
crore to INR 1500 crore. YES BANK provides a comprehensive suite of products to serve
the needs of the emerging companies with an emphasis on the Sunrise sectors of the
Indian economy including Speciality Chemicals, Media & Entertainment, IT/ITes, and
Professional Services among others.
3.) Commercial Business Banking
At YES BANK, through the foresight and collective knowledge of many minds,
Commercial Banking has been institutionalized nationally to service the needs of
today's growth focused, fast-paced enterprises with an annual turnover between and
INR 100 crores INR 500 crores. Commercial Business Banking focuses on client
companies in the "high octane" middle market segment.
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4.) Government Banking
The GB Group at YES BANK understands the financial needs of the Union and State
government undertakings and agencies in their progress and development role of a
Growing India through YES BANK's Knowledge Banking approach. This is further
facilitated through YES BANK's Technology leadership delivering proven, easy-to-use
solutions for Government Undertakings and Agencies. YES BANK has provided financial
and advisory services to Ministries of the Union Government, State Governments,
Central & State Public Sector Undertakings (PSU's) & Agencies.
5.) Branch Banking
YES BANK believes in providing a holistic banking experience to all its customers
through its high quality, state-of-the-art branch network, using cutting-edge technology,
a truly customer centric offering, and significantly differentiated marketing and
branding strategies across major towns and cities in India. Branch Banking at YES BANK
comprises of Business Banking, Retail Banking and a dedicated Rural & Inclusive
Banking channel (RURBAN)
6.) Small Enterprises Banking
Business Banking at YES BANK is a dedicated business unit to service MSMEs in India.
YES BANK caters to all the service requirements of these MSME's across various product
segments like Cash Management, Payment Solutions, Direct Banking, Liabilities and
Investment Management, Trade services and advisory. YES BANK provides Fund based
lending to MSME's with an annual turnover upto INR 100 crore. The core objective of
Business Banking is to easily enable MSME access to finance (including term finance),
and business development services, thereby fostering growth, competitiveness and
employment creation that are key to achieving economic growth. YES BANK has
identified IT/ITES, Foreign Trade, Logistics, Travel/Tourism, Media and Entertainment,
Printing, Trusts, Societies & NGOs, Realty, Professional Services and Others as Key
Growth sectors of the Indian Economy and has instituted dedicated SME branches to
cater to all their business needs.
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7.) Retail Banking
Retail Banking caters to the financial needs of individuals and small businesses, with
products ranging from savings account, current account, term deposits, debit and pre-
paid cards, life and non-life insurance, wealth management products to loans, including
home loans, personal loans, vehicle loans, gold loans and loan against jewellery. YES
BANK categorizes its customers into distinct categories based on the relationship size.
YES BANK’s Global Indian Banking, an offering for the Non-Resident Indian community,
provides experiential Banking to the Global Indians.
8.) RURBAN Banking
In order to effectively manage the heterogeneity associated with Semi-Urban/Rural

Geographies, YES BANK has established a RURBAN Banking channel to support
acquisition & servicing of Rural Assets Businesses viz. Farmer Finance,
Tractor/Equipment Finance, Micro Enterprises and Women Self Help Groups).
9.) Indian Financial Institutions Banking
YES BANK’s Indian Financial Institutions Banking (IFIB) team helps various relationship
and product managers to offer a wide variety of products including Debt, Trade Finance,
Guarantees, Treasury Services, Working Capital Finance, Cash Management &
Transactional Services, Liabilities and Investment Management, and Liquidity
Management Solutions to YESBANK's customers. The IFIB team leads YES BANK's
efforts for raising debt capital in the form of Tier I and Tier II bonds from various Indian
Institutions and offers an array of services to: Domestic Banks (Govt. owned, Private
and co-operatives), Mutual Funds, Insurance Companies, Non-Banking Finance
Companies (NBFC), Private Equity Funds and Brokers (both Capital market and
Commodity market).
10.) International Banking
International Banking at YES BANK continues to further strengthen its international

strategy with a clear focus on servicing the correspondent banks' businesses in India.
International Banking at YES BANK caters to: Foreign Banks, Multilateral Agencies,
Foreign Institutions such as US-EXIM, Coface, Euler Hermes amongst others, Private
Equity Fund houses with a focus on India and NBFCs registered in India and backed by
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Foreign banks. YES BANK has relations with institutions such as IFC Washington, Asian
Development Bank, OPIC (US Government’s Development Finance Arm), Proparco and
DeG among others. YES BANK was also the 1st Bank to start an International Banking
Unit (IBU) at the GIFTY City IFSC in Gandhinagar. The IBU allows YES BANK to offer
foreign currency lending, Exchange services, Trade Credit and ECB facilities to eligible
entities. YES BANK continues to be the the largest Bank in terms of volumes at GIFT
IFSC with balance sheet size crossingUSD2.5 billion asonMarch31, 2018.
11.) Multinational Corporate Banking
ES BANK’s Multinational Corporate Banking (MCB) team recognizes the unique financial
requirements Multinational Companies operating in India. Towards this, we have set up
an unparalleled model of banking solutions and service delivery, which can cater to
MNCs across the gamut of their life cycle in India. The MCB group has been
institutionalized within YES BANK to provide Knowledge Driven Banking solutions to
MNCs present in India and those aspiring to enter India. Besides, the Bank also have
dedicated experts catering to the varying banking needs of “Embassies and Consulates”
in India.
12.) Corporate Finance
YES BANK's Corporate Finance practice offers a combination of advisory services and
customized products to assist clients in obtaining superior financial returns and
minimizing risk based on "Knowledge Arbitrage”. YES BANK's Corporate Finance
practice focuses on providing diversified product offerings catering to specific industry
verticals that meet the precise requirements of customers. YES BANK successfully
provides Infrastructure Banking and Project Finance, Structured Finance, Realty
Banking, Project Advisory & Syndications and Private Equity (PE).
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H.) Products & Services

1.) Transaction Banking
YES BANK has expanded the scope of customer service right from transaction execution
to information facilitation, serving the core objective of optimal management of all
operational, administrative and regulatory activities. The Transaction Banking Group at
YES BANK is a core product group focused on “Financial Supply Chain Management” of
corporates and broadly consists of four specialized product domains namely Cash
Management and Direct Banking Services, Liabilities and Investments Management
(LIM), Trade Finance and Services, & Capital Markets, Escrow Account and Securities
Services. YES BANK is the First Bank in India to have introduced API Banking in India,
which enables faster, real-time and seamless processing of payments and transactions
for our client companies.
2.) Investment Banking
Under the YES Securities umbrella the Investment Banking division is based on a
balanced mix of domestic and cross-border Mergers and Acquisitions, Joint Venture
Advisory Services, Private Equity Placement as well as Merchant Banking Services
across select industry verticals. The enviable cross-border Mergers and Acquisitions
(M&A) built by the team over the years, has led to the development of a deep network of
relationships with Banks, Investment Banks and Advisory Boutiques in countries across
Asia, Europe, Africa and the Americas. As an integral part of the cross border M&A
Advisory, The Team also plays a pivotal role in assisting clients raise acquisition finance
from leading Indian and International financial institutions.
3.) Financial Markets
At YES BANK, the Financial Markets (FM) business model is customer centric and
provides effective Risk Management solutions related to foreign currency and interest
rate exposures of clients. FM assists clients in creating a complete understanding of
currency and market rate risk faced by them with respect to Capital Raising,
Investments, Exports, Imports and any other market risks. YES BANK provides a host of
innovative and customized solutions to clients to enhance returns and reduce cost of
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financing through a host of product offerings including Foreign Exchange Forwards,

Options and Swaps.
4.) Agri Product Management (APM)
YES BANK’s APM division addresses the important area of Agri lending and Rural
Banking through innovative structured finance and risk management solutions for
supply-chain management and development of Agri-infrastructure.
5.) Inclusive & Social Banking (ISB)
A special division launched with a to vision mainstream sustainability within YES

BANK’s core business operations and cognizant of the needs of 'The N Billion'
customers. The genesis of ISB dates back to December 6, 2006 when the Bank launched
YES SAMPANN, the first-of-its-kind direct microfinance initiative in technical
collaboration with ACCION International. The mandate of ISB is to reach out to un-
banked and under-banked population (in urban and rural areas) by leveraging YES
BANK’s branch network, technology edge and relationship capital in the Public, Private
and Social sectors. Working with the guiding principle of Frugal Innovation for Financial
Inclusion (FI4FI), ISB continuously develops innovative business models and forges
partnerships for seamless implementation of the same. Recognising the success and
impact of YES BANK's Inclusive and Social Banking projects, both IFC, Washington and
Asian Development Bank (ADB) have provided funding assistance to further scale up
these programs. In December 2014, YES BANK raised a USD 200 Mn Unsecured Loan
from ADB to grown and enhances the YES Livelihood Enhancement Action Program
(YES LEAP) which is focussed on providing comprehensive financial services to Self
Help Groups.
Some of the key initiatives of ISB include- Mobile YES SAHAJ Transaction Kit, domestic
remittance YES MONEY service and - product suite for Self Help YES LEAP Groups
(SHGs).AsonMar31, 2018
1.) YES MONEY has 1.5 Lakh Business Correspondent Agents enrolled through 38
Business Correspondents (SIPL, Oxigen, Hermes, EKO, Easy Bill, Itz Cash, Multilink,
Paypoint, Payworld, You first, SNP Services, Beam Money, Seed, Mpurse, Spice
Digital, Ezspend, Fia Technology, Sollet, Basix Sub-K, Muthoot Finance,
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Manappuram, Abhishiekh Retails, ROI NET Solution, Aadharrshila Enroll Systems,

Fortune Financial Services India Limited, Osiris Infotech Pvt Ltd, Ufx Ventures Ltd,
Tinku Eservices Pvt Ltd Mobisafar, Digital India Payments Ltd, Ahalia Money
Exchange & Financial Service Pvt, J M SALES, Just Click Travels Private Limited,
Shree Plan Your Journey Pvt ltd, Akbar Online Booking Co Pvt Ltd, Champion
Software Technologies Ltd, Klassic Multi Serve Pvt Ltd, Digicards) serving over 70
lakh customers. Aggregate transaction number was 469 lakh with a transaction
volume of 20,191 Crore.
2.) YES LEAP has around 16583 active credit linked SHGs with an outstanding of 110
Cr with saving linkage too.
3.) Through YES JLG, the bank has given credit to around 5.8 Lakh woman active
borrowers, with an outstanding of 1058 Cr.
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I.) Subsidiary Companies

1.) YES Securities (India) Limited
2.) Yes Trustee Limited
3.) YES Bank, IFSC Banking Unit Branch
4.) Yes Bank Limited, Asset Management Arm
J.) Public Recognition

 YES BANK has won multiple national and international recognitions and has
recently received the “Bank of the Year – India” award from The Banker
magazine (part of Financial Times Group UK) in London, 2017.
 YES BANK was adjudged the in Fastest Growing mid-Sized Bank the Business
Today KPMG India's Best Banks Survey.
 YES BANK has also been adjudged The Strongest Bank in India by The Asian
Banker, Singapore. YES BANK has won this award for the 4th time in the last 5
years.
 YES BANK has also been adjudged the Global Winner for Best Information
Security Initiatives and India's Best Corporate/ Institutional Digital Ban at the
Global Finance World's Best Digital Banks Awards 2015, London.
 YES BANK has also received accolades for its Transaction Banking product suite
and was adjudged the Global Winner in the Payments Category by The Banker
Transaction Banking Awards 2016 in London.
 YES BANK was the sole Indian Bank to be recognized by Global Finance magazine
Digital Banks of as part of its Distinction Awards 2016 in the
Corporate/Institutional Banking Category.
 Some other brand recognitions received by YES BANK include High Performance
Brand Award by AIMA RK Swamy BBDO Most Promising Brand and award by
Economic Times among others.
 YES BANK has become the first bank in India to be awarded the prestigious IMC
Ramakrishna Bajaj National Quality Award for Business Excellence in the
Services Category.
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 YES BANK was also recognized as The Best Managed Bank in India for the 3-year
Period (2011-2013) by The Asian Banker Magazine for the 2nd year in a row.
 YES BANK received the Outstanding Sustainable Project Financing at the
Karlsruhe Sustainable Finance Awards 2014.
 In 2013, YES BANK also became the first Bank in India to be awarded the for ISO
14001:2004 Certificate its Environmental Management practices.
 YES BANK became the third first Indian Bank, globally in the banking industry to
receive certification for its “Complaints Management System (ISO 10002:2004)”
by the British Standards Institution (BSI) on August 25, 2010.
 YES BANK also became the first Indian Commercial and Retail Bank to receive
certification for its “Quality Management Framework (ISO 9001:2008)” across
100 branches in the country by Bureau Veritas (Global Leaders in ISO
Certification) as on Mar 31, 2010.
 Rana Kapoor, Founder, MD & CEO was recently felicitated by the Government of
Maharashtra for his contribution to the state of Maharashtra. Rana Kapoor was
adjudged as CEO of the Year at SABRE Asia Pacific Awards 2016 in Hong Kong by
The Holmes Group. Mr. Kapoor was also recognized by the Lokmat Group for this
Exemplary Contribution to Infrastructure Banking.
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CHAPTER 2 – FINANCIAL STATEMENT & ITS

ANALYSIS
A.) STUDY OF PROFIT & LOSS A/C

Meaning: It is a financial statement, which shows net Profit/loss of a company for a
specified period. The accounting year means calendar year of 12 months or less or more
than 12 months.
The Companies act does not provide any specific format for this account. However it is
required to be prepared on the basis of the instructions given in part ii of schedule (III)
of the companies act.
Main Items of Profit & Loss A/C:

a.) Turnover or Sales: The aggregate amount of sales and connected items with
the sales such as commission paid to sole-selling agents and other selling agents
and brokerage and discounts on sales other than usual trade discount.
b.) Depreciation: The amount of depreciation of fixed assets and the arrears of
depreciation as per section 205(2) shall be disclosed by way of foot-note.
c.) Interest on Loans & Debenture: Interest on loans and debentures has to
be stated separately. It will include the amount of interest paid as well as
outstanding. Miscellaneous expenses: In this head items such as rates and taxes,
insurance premium etc., must be stated separately.
d.) Preliminary Expenses: Such expenses include the costs of formation of a
company and since their amount is usually large, it is not desirable to write off
them in one year.
e.) Provision for Taxation: The profit and loss account of a company must be
debited with the estimated liabilities for tax on the current profits at current
rates of taxation.
f.) Unclaimed Dividend: It is shown on the liabilities side of the balance sheet
under the heading ‘current liabilities ‘
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g.) Interim Dividend: It is an item of appropriation. It is transferred to the debit

side of the Profit and loss appropriation account. Final dividend as an item of the
trial balance: This is shown in the debit side of the appropriation section of the
profit and loss account
h.) Proposed dividend or final dividend proposed: Since it is an
adjustment item, it has to be shown at two places- In the debit side of the profit
and loss appropriation account and on the liabilities side of the balance sheet
under the head ‘current liabilities and provisions’
i.) Political Donations: It must be shown as a separate item in the profit and
loss account.
j.) Dividend or Interest Income: This item is transferred to the credit side of
the profit and loss account.
k.) Payment to Auditors: It must be stated separately. This will include
consultancy fee, auditing fees, management services etc.
l.) Managerial Remuneration: This includes the payments made to
managerial remuneration director’s fee, pension, other allowances and
commission.
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B.) STUDY OF BALANCE SHEET
Meaning: The balance sheet is a financial snapshot of a company condition at a single

point in time. A balance sheet contains a listing of the company’s asset, liability and
Capital accounts. When someone, whether a creditor or investor, asks you how your
company is doing, you’ll want to have the answer ready and documented. The way to
show off the success of your company is a balance sheet. A balance sheet is a
documented report of your company’s assets and obligations, as well as the residual
ownership claims against your equity at any given point in time. It is a cumulative
record that reflects the result of all recorded accounting transactions since your
enterprise was formed. You need a balance sheet to specifically know what your
company’s net worth is on any given date. With a properly prepared balance sheet, you
can look at a balance sheet at the end of each accounting period and know if your
business has more or less value, if your debts are higher or lower, and if your working
capital is higher or lower. By analysing your balance sheet, investors, creditors and
others can assess your ability to meet short-term obligations and solvency, as well as
your ability to pay all current and long-term debts as they come due. The balance sheet
also shows the composition of assets and liabilities, the relative proportions of debt and
equity financing and the amount of earnings that you have had to retain. Collectively,
external parties to help assess your company’s financial status, which is required by
both lending institutions and investors before they will allot any money toward your
business, will use this information.
LEARN THE DIFFERENT ASSETS
Current Assets: Current assets include cash and other assets that in the normal
course of events are converted into cash within the operating cycle. For example, a
manufacturing enterprise will use cash to acquire inventories of materials. These
inventories of materials are converted into finished products and then sold to
customers. Cash is collected from the customers. This circle from cash back to cash is
called an operating cycle. In a merchandising business one part of the cycle is
eliminated. Materials are not purchased for conversion into finished products. Instead,
the finished products are purchased and are sold directly to the customers. Several
operating cycles may be completed in a year, or it may take more than a year to
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complete one operating cycle. The time required to complete an operating cycle
depends upon the nature of the business. It is conceivable that almost all of the assets
that are used to conduct your business, such as buildings, machinery, and equipment,
can be converted into cash within the time required to complete an operating cycle.
However, your current assets are only those that will be converted into cash within the
normal course of your business. The other assets are only held because they provide
useful services and are excluded from the current asset classification. If you happen to
hold these assets in the regular course of business, you can include them in the
inventory under the classification of current assets. Current assets are usually listed in
the order of their liquidity and frequently consist of cash, temporary investments,
accounts receivable, inventories and prepaid expenses.
Cash: Cash is simply the money on hand and/or on deposit that is available for general
business purposes. It is always listed first on a balance sheet. Cash held for some
designated purpose, such as the cash held in a fund for eventual retirement of a bond
issue, is excluded from current assets.
Marketable Securities: These investments are temporary and are made from excess
funds that you do not immediately need to conduct operations. Until you need these
funds, they are invested to earn a return.
Accounts Receivable: Simply stated, accounts receivables are the amounts owed to
you and are evidenced on your balance sheet by promissory notes. Accounts receivable
are the amounts billed to your customers and owed to you on the balance sheets date.
You should label all other accounts receivable appropriately and show them apart from
the accounts receivable arising in the course of trade. If these other amounts are
currently collectible, they may be classified as current assets.
Inventories: Your inventories are your goods that are available for sale, products that
you have in a partial stage of completion, and the materials that you will use to create
your products. The costs of purchasing merchandise and materials and the costs of
manufacturing your various product lines are accumulated in the accounting records
and are identified with either the cost of the goods sold during the fiscal period or as the
cost of the inventories remaining.
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Prepaid expenses: These expenses are payments made for services that will be
received in the near future. Strictly speaking, your prepaid expenses will not be
converted to current assets in order to avoid penalizing companies that choose to pay
current operating costs in advance rather than to hold cash. Often your insurance
premiums or rentals are paid in advance.
Investments: Investments are cash funds or securities that you hold for designated
purpose for an indefinite period of time. Investments include stocks or the bonds you
may hold for another company, real estate or mortgages that you are holding for
income-producing purposes. Your investments also include money that you may be
holding for a pension fund.
Plant Assets: Often classified as fixed assets, or as plant and equipment, your plant
assets include land, buildings, machinery, and equipment that are to be used in business
operations over a relatively long period of time. It is not expected that you will sell these
assets and convert them into cash. Plant assets simply produce income indirectly
through their use in operations.
Intangible Assets: Your other fixed assets that lack physical substance are referred to
as intangible assets and consist of valuable rights, privileges or advantages. Although
your intangibles lack physical substance, they still hold value for your company.
Sometimes the rights, privileges and advantages of your business are worth more than
all other assets combined.
Other Assets: During the course of preparing your balance sheet you will notice other
assets that cannot be classified as current assets, investments, plant assets, or intangible
assets. These assets are listed on your balance sheet as other assets. Frequently, your
other assets consist of advances made to company officers, the cash surrender value of
life insurance on officers, the cost of buildings in the process of construction, and the
miscellaneous funds held for special purposes.
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LEARN THE DIFFERENT LIABILITIES
Current Liabilities: On the equity side of the balance sheet, as on the asset side, you
need to make a distinction between current and long-term items. Your current liabilities
are obligations that you will discharge within the normal operating cycle of your
business. In most circumstances your current liabilities will be paid within the next year
by using the assets you classifieds current. The amount you owe under current
liabilities often arises as a result of acquiring current assets such as inventory or
services that will be used in current operations. You show the amounts owed to trade
creditors that arise from the purchase of materials or merchandise as accounts payable.
If you are obligated under promissory notes that support bank loans or other amounts
owed, your liability is shown as notes payable. Other current liabilities may include the
estimated amount payable for income taxes and the various amounts owed for wages
and salaries of employees, utility bills, payroll taxes, local property taxes and other
services.
Long-Term Liabilities: Your debts that are not due until more than a year from the
balance sheet date are generally classified as long-term liabilities. Notes, bonds and
mortgages are often listed under this heading. If a portion of your long-term debt is due
within the next year, it should be removed from the long-term debt classification and
shown under current liabilities.
Deferred Revenues: Your customers may make advance payments for merchandise
or services. The obligation to the customer will, as a general rule, be settled by delivery
of the products or services and not by cash payment. Advance collections received from
customers are classified as deferred revenues, pending delivery of the products or
services.
Owners’ Equity: Your owners’ equity must be subdivided on your balance sheet: One
portion represents the amount invested directly by you, plus any portion of retained
earnings converted into paid-in capital. The other portion represents your net earnings
that are retained. This rigid distinction is necessary because of the nature of any
corporation. Ordinarily, stockholders, or owners, are not personally liable for the debts
contracted by a company. Stockholder may lose his investment, but creditors usually
cannot look to his personal assets for satisfaction of their claims. Under normal
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circumstances, the stockholders may withdraw as cash dividends an amount measured

by the corporate earnings. The distinction in this rule gives the creditors some
assurance that a certain portion of the assets equivalent to the owner’s investment
cannot be arbitrarily withdrawn. Of course, this portion could be depleted from your
balance sheet because of operating losses. The owners’ equity in an unincorporated
business is shown more simply. The interest of each owner is given in total, usually with
no distinction being made between the portion invested and the accumulated net
earnings. The creditors are not concerned about the amount invested. If necessary,
creditors can attach the personal assets of the owners.
Basis of balance-sheet: Assets = Liability + Equity
BALANCE-SHEET STRUCTURE
The following Balance sheet structure is just an example. It does not show all possible
kind of assets, equity and liabilities, but it shows the most usual ones. It could be a
consolidated balance sheet. Monetary values are not shown and summary (total) rows
are missing as well.
Assets
Current Assets
Cash & Cash Equivalents

Inventories
Account Receivable
Investment Held for Trading
Other Current Assets
Non-Current Assets
Property, Plant & Equipment
Goodwill
Other Tangible Fixed Assets
Investment in Associates
Deferred Tax Assets
Miscellaneous Expenditure
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Equity & Liabilities

Capital & Reserve
Equity Capital
Share Capital Reserve
Revaluation Reserve
Translation Reserve
Retained Earnings
Minority Interest
Non-Current Liabilities
Bank Loan
Issued Debt Securities
Deferred Tax Liability
Current Liabilities
Accounts Payable
Current Income Tax Liability
Short-term part of Bank Loans
Short-term Provisions
Other current liabilities
EQUITY VALUATION: The real value to a purchaser of the business or a

shareholder may be different from the net assets shown by the balance sheet. This is
because factors that affect the value of a business may not be recorded yet. For example,
a purchaser will be interested in the future earnings of the business, whether assets
such as property have been revalued recently, and whether there are potential liabilities
in the future such as lawsuits. The value of the assets in the balance has also been based
on the assumption that the business is a going concern; otherwise the break-up value of
the assets may be far less than the value in the balance sheet.
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Preparing Balance Sheet

Title and Heading: In practice, the most widely used title is Balance Sheet; however
Statement of Financial Position is also acceptable. Naturally, when the presentation
includes more than one time period the title "Balance Sheets" should be used.
Heading: In addition to the statement title, the heading of your balance sheet should
include the legal name of your company and the date or dates that your statement is
presented. For example, a comparative presentation might be headed.
XYZ CORPORATION
BALANCE SHEETS As on December 31, 2006
Format: There are two basic ways that balance sheets can be arranged. In Account
Form, your assets are listed on the left-hand side and totalled to equal the sum of
liabilities and stockholders’ equity on the right-hand side. Another format is Report
Form, a running format in which your assets are listed at the top of the page and
followed by liabilities and stockholders’ equity. Sometimes total liabilities are deducted
from total assets to equal stockholders equity. Captions.
Captions: Captions are headings within your statement that designate major groups of
accounts to be totalled or subtotalled. Your balance sheet should include three primary
captions: Assets, Liabilities and Stockholders’ Equity. In the report form of presentation,
the placement of your primary captions would be as follows: 2006 ASSETS, LIABILITIES
ANDSTOCKHOLDER’S EQUITY.
Except in certain specialized industries your balance sheet should include the following
secondary captions:
CURRRENT ASSETS
CURRENT LIABILTIES
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C.) STUDY OF CASH FLOW STATEMENT

Meaning: Cash flow statement or statement of cash flows is a financial statement that
shows a company’s incoming and outgoing money (sources and uses of cash) during a
time period (often monthly or quarterly). The statement shows how changes in balance
sheet and income accounts affected cash and cash equivalents, and breaks the analysis
down according to operating, investing, and financing activities. As an analytical tool
the statement of cash flows is useful in determining the short-term viability of
accompany, particularly its ability to pay bills.
Purpose: The cash flow statement reflects a firm’s liquidity or solvency. The main
purpose to make cash flow statement are as follows
 Provide information on a firms liquidity and solvency and its ability to change
cash flows in future circumstances.
 Provide additional information for evaluating changes in assets, liabilities and
equity
 Improve the comparability of different firms operating performance by
eliminating the effects of different accounting methods.
 Indicate the amount, timing and probability of future cash flows
Activities Involved in Cash Flow: The cash flow statement is partitioned into cash
flow resulting from operating activities, cash flow resulting from investing activities,
and cash flow resulting from financing activities.
Operating Activities: Operating activities include the production, sales and delivery
of the company’s product as well as collecting payment from its customers. This could
include purchasing raw materials, building inventory, and advertising.
Investing Activities: Investing activities focus on the purchase of the long-term

assets a company needs in order to make and sell its products, and the selling of any
long-term assets.
Financing Activities: Financing activities include the inflow of cash from investors
such as banks and shareholders, as well as the outflow of cash to shareholders as
dividends as the company generates income. Other activities which impact the long-
term liabilities and equity of the company are also listed in the financing activities
section of the cash flow statement. Analysis of cash flow statement is necessary for
every organisation to depict its cash inflow and outflow.
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D.) FINANCIAL STATEMENT ANALYSIS

Meaning: Financial statement analysis is the process of examining relationships
among financial statement elements and making comparisons with relevant
information. It is a valuable tool used by investors and creditors, financial analysts, and
others in their decision-making processes related to stocks, bonds, and other financial
instruments. With a great understanding of the balance sheet & p&l account and how it
is constructed, we can look at some techniques to analyse the information contained
within the balance sheet & p&l account.
Purpose: The main purpose of analysing the financial statement are the following:-
 To assess past performance and current financial position.
 To make predictions about the future performance of a company.
TOOLS FOR ANALYSING

1. Percentage Calculation
There are two popular methods by which we can analyse the financial statement
by calculating percentage as taking a common base.
Horizontal Analysis: When an analyst compares financial information
for two or more years for a single company, the process is referred to as
horizontal analysis, since the analyst is reading across the page to compare any
single line item, such as sales revenues. In addition to comparing dollar amounts,
the analyst computes percentage changes from year to year for all financial
statement balances, such as cash and inventory. Alternatively, in comparing
financial statements for a number of years, the analyst may prefer to use a
variation of horizontal analysis called trend analysis. Trend analysis involves
calculating each years financial statement balances as percentages of the first
year, also known as the base year. When expressed as percentages, the base year
figures are always 100 percent, and percentage changes from the base year can
be determined.
If we want to calculate % change in sales then we apply the following formula:
Percentage=change in sales /Base Year Sales*100
Vertical Analysis: When using vertical analysis, the analyst calculates
each item on a single financial statement as a percentage of a total. The term
vertical analysis applies because each year’s figures are listed vertically on a
financial statement. The total used by the analyst on the income statement is net
sales revenue, while on the balance sheet it is total assets. This approach to
financial statement analysis, also known as component percentages, produces
common-size financial statements. Common-size balance sheets and income
statements can be more easily compared, whether across the years for a single
company or across different companies.
If we want to calculate % change of current assets then we apply the following
formula:
Percentage: current assets/total assets*100
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2. Ratio Analysis
Financial ratio analysis uses formulas to gain insight into the company and its
operations. For the balance sheet, using financial ratios (like the debt-to-equity
ratio) can show you a better idea of the company’s financial condition along with
its operational efficiency. It is important to note that some ratios will need
information from more than one financial statement, such as from the balance
sheet and the income statement. Ratio analysis facilitates inter-firm and intra-
firm comparison.
Ratios are often classified using the following terms:
(I) LIQUIDITY RATIO:
Liquidity ratios are measures of the short-term ability of the company to pay its debts
when they come due and to meet unexpected needs for cash.
(II) Current Ratio:
The current ratio is a rough indication of a firm ability to service its current obligations.
Generally, the higher the current ratio, the greater the cushion between current
obligations and a firm ability to pay them. The stronger ratio reflects a numerical
superiority of current assets over current liabilities. Current ratio is calculated as
follows:
Current ratio= Current Assets/Current Liabilities
(III) Quick Ratio:
It is also known as the “acid test” ratio; this is a refinement of the current ratio and is a
more conservative measure of liquidity. The quick ratio expresses the degree to which a
company’s current liabilities are recovered by the most liquid current assets. Quick
ratio is calculated as follows:
Quick ratio= (cash + marketable securities + Receivables)/current liabilities
(IV) SOLVENCY RATIO:

Solvency ratios indicate the ability of the company to meet its long-term
obligations on a continuing basis and thus to survive over a long period of
time.
(V) Debt/Worth Ratio:

This ratio expresses the relationship between capital contributed by
creditors and that contributed by owners. It expresses the degree of
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protection provided by the owners for the creditors. The higher the ratio, the
greater the risk being assumed by creditors. The lower the ratio, the greater
the long-term financial safety. A firm with a low debt/worth ratio usually has
a greater flexibility to borrow in the future. A more highly leveraged company
has a more limited debt capacity.
Debt/worth ratio=Total Liabilities / Tangible Net Worth
(VI) PROFITABILITY RATIO:

Profitability ratios are gauges of the company’s operating success for a given
period of time.
(VII) Return On Assets:

Return on assets is a measure of how effectively the firm’s assets are being
used to generate profit. It is calculated as follows:
Return on Assets= Net Income/Total Assets
(VIII) Return On Equity:

Return on equity is the bottom line measure for the shareholders, measuring
for the profits earned for each rupee invested in business. It is calculated as
follows:
Return on Equity= Net income/shareholder’s equity
(IX) Fixed/Worth Ratio:

This ratio measures the extent to which owner’s equity (capital) has been
invested in plant and equipment (fixed assets).A lower ratio indicates a
proportionately smaller investment in fixed assets in relation to net worth
and a better cushion for creditors in case of liquidation. Similarly, a higher
ratio would indicate the opposite situation. The presence of substantial
leased fixed assets (not shown on the balance-sheet) may deceptively lower
this ratio.
Fixed Worth Ratio=Net Fixed Assets/ Tangible Net Worth
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CHAPTER 3 – ANALYSIS OF FINANCIAL

STATEMENT OF YES BANK
A.) SWOT ANALYSIS
1.) Strength:
Since Inception, the Bank has displayed strong financial and business
performance, across macroeconomic cycles. In the past decade, Indian Banking
Sector has been subjected to multiple challenges including the Global Financial
Crisis in 2008-09, Liquidity tightening measures in 2013 and macroeconomic
slowdown in past few years coupled with Asset Quality overhang emanating out
of over leverage in Corporates. Despite the foregoing, the Bank has delivered
consistent Earnings and Growth while maintaining healthy Asset Quality. During
the first 3 years of the Bank’s Large Bank Growth Phase (2015-2020), Total
Assets grew at CAGR of 32% with corresponding growth of 33% in earnings and
28% in Net Profit. The Bank has also delivered best in class GNPA and NNPA
ratio of 1.28% and 0.64% respectively, as on March 31, 2018. This superior
delivery has come on the back of strong and experienced leadership, competitive
offerings and technology driven service delivery across Corporate, MSME &
Retail Segments and Robust Risk Management practices.
The Bank’s Earnings and Growth momentum has further got a boost through its
IBU Branch at GIFT City which caters to the funding requirements of domestic
corporate clients and since operationalization in Oct 2015, has grown to USD 2.5
billion in Total Assets. The IBU branch, along with 3 Representative offices in
Abu Dhabi and London & Singapore (received approval from RBI for these 2
locations which will be operationalized within the next 1 year), will enable the
Bank to expand services to the NRI population and Indian origin business at
these locations and thus completing the suite of our International product
offerings. The Bank has also time and again demonstrated ability to raise
different forms of capital to support its growth, with the Bank raising ₹124.2
billion of Total Capital Funds in FY18 through issue of ₹54.2 billion of Basel III
ATI and ₹70 billion of Basel III Tier II Bonds. Healthy internal accruals, with RoA
and RoE of 1.6% and 17.7% respectively in FY18 has also bolstered Bank’s
Capital Ratio while supporting ability to grow and gain market share.
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The Bank is a leader in new age payments, and has been consistently ranked on
the top for its share of UPI payments, IMPS, AEPS etc. The Bank was ranked 2nd
in performance on Digital payments across public, private, foreign and private
banks in India by Ministry of Electronics and Information Technology. The Bank
is also accessing new age innovation through its Fintech Accelerator program,
which in conjunction with its API banking offering is enabling it to rapidly
expand its franchise through the A.R.T (Alliance. Relationships. Technology)
approach.
To sum up, 18,000+ strong empowered YES BANKers, increasing Size, Scale &
Reach, Capabilities to bank the entire ecosystem of Corporate, MSME & Retail
customers and Scalable model through Digital & Technology innovations is
enabling the Bank to capture market share at an increasing pace and grow
business organically.
2.) Weakness
Although the Bank has made significant strides over the last few years, it is still a
relatively small player in the Indian banking space with relatively lesser number of
branches and penetration as compared to the larger peers. While the Bank is
overcoming some of these challenges through technology led solutions, given that the
Indian customer landscape has not fully evolved towards digital channels, the Bank will
need to continue to invest in building a digical setup.
The Bank also has higher corporate advances constituting 67.9% of the book compared
to 32.1% of Retail & MSME. However, the Bank is rapidly increasing granularity in its
advances book. Core Retail Banking advances doubled in FY18 and now stands at 12.2%
of Total Advances and MSME book grew by 34.4% during the same period. The Bank is
committed to increase share of Retail and MSME segments.
The Bank is not an ‘Agency bank’ and hence does not have access to a significant portion
of Government business opportunity. The Bank is hopeful that given the thrust on
digital banking by the Government of India, some of the legacy rules regarding ‘Agency
Banking’ will be reformed to include new-age banks like YES BANK for the agency
banking business.
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3.) Opportunities
India is one of the fastest growing economies in the world with a potential to become
one of the Top 3 global economies over the next decade. Policy focus on micro, macro,
institutional, administrative, and behavioural reforms is evolving towards an
environment for enhancing ease of doing business.
As India’s potential growth moves up; rapid urbanisation, enhanced spending on
infrastructure, and further deepening of the ‘formalization through financialization’
drive are likely to increase the credit intensity within the economy.
Government’s efforts at reviving capex amid its focus on infrastructure sectors like
roads, railways, ports, and power, as well as affordable housing, is helping to create a
salubrious environment for crowding in private investment. Further, with increase in
pace of resolution of stressed assets through the National Company Law Tribunal
(NCLT) under the IBC framework, and the overall cost of credit coming down, there is
likely to be significant unlocking of stuck capital a lot of suppressed demand for credit
presenting opportunity to the Bank to selectively finance large corporate who are
bidding in the IBC resolution proceedings.
The Bank has also recently got empanelment with the NSE as a Clearing Bank. This will
open up significant business opportunities with the brokers of NSE. The Bank is already
empaneled as a Clearing Bank with the BSE.
The Bank has established two subsidiaries namely YES Securities India Limited and YES
Asset Management Company. YSL has over the past few years gained strong mind-share
and market share across broking, investment banking & merchant banking businesses.
YES AMC which will be functional in this Calendar Year will further strengthen YES
BANK’s expertise in wealth management solutions, debt capital markets and gain from
its significant and growing customer base & distribution network, and overall execution
expertise, to build a large and profitable Fund Management franchise
4.) Threats
While the reforms process has started to gain momentum, the upcoming state elections
& general elections could pose political uncertainty. Though we believe that Stressed
Assets have bottomed out for the system, with even visible early signs of recovery,
global uncertainties in terms of a possible escalation in global trade war led by the US
and China, further hardening of international crude oil prices, and removal of monetary
accommodation by systemically important central banks globally could have short to
midterm impact on global demand, inflationary impulses, liquidity, and financial market
volatility. Domestic interest rates have already started to firm up in response to some of
the above mentioned risks. The bond portfolio of banks’ could potentially be vulnerable
to mark-to-market losses in such an environment.
Page 42 of 80
B.) COMPARATIVE INCOME STATEMENT

(₹ In Millions)
Particular FY 2017-18 FY 2016-17 Change in %

Interest income 2,02,674.22 1,64,246.44 23.4%
Interest expense 1,25,303.62 1,06,273.37 17.9%
Net Interest Income 77,370.59 57,973.07 33.5%
Non-interest Income 52,238.34 41,567.57 25.7%
Operating Revenue 1,29,608.93 99,540.64 30.2%
Operating expenses 52,127.80 41,165.41 26.6%
Operating Profit 77,481.13 58,375.23 32.7%
Provisions and contingencies 15,538.04 7,934.05 95.8%
Profit before tax 61,943.09 50,441.18 22.8%
Provision for tax 19,697.46 17,140.21 14.9%
Net Profit 42,245.64 33,300.96 26.9%
 Net profit for FY 2017-18 increased by 26.9% to ₹42,245.64 million as

compared to ₹33,300.96 million for the FY 2016-17.
 Net Interest income (NII) of the Bank increased by 33.5% to ₹77,370.59
million during FY 2017-18 as compared to ₹57,973.07 million during FY
2016-17.
 The Net Interest Margin (NIM) was 3.5% in FY 2017-18. Non-Interest Income
consists of fee, trade income and treasury income.
 Non-Interest Income increased by 25.7% from ₹41,567.57 million in FY
2016-17 to ₹52,238.34 million in FY 2017-18.
 Operating expenses increased by 26.6% from ₹41,165.41 million in FY 2016-
17 to ₹52,127.80 million in FY 2017-18.
 Key drivers of operating expense growth were growing branch network of
the bank and scaling up of retail asset and credit card business of the bank.
Provisions and contingencies (excluding provision for taxes) increased from
₹7,934.05 million in FY 2016-2017 to ₹15,538.04 million in FY 2017-18.
Page 43 of 80
NET INTEREST INCOME

(₹ in Million)
Interest income 2,02,674.22 1,64,246.44 23.4%
Interest expense 1,25,303.62 1,06,273.37 17.9%
Net Interest Income 77,370.59 57,973.07 33.5%
Net Interest Margin 3.50% 3.40%
 Net Interest income (NII) of the Bank increased by ₹19,397.52 to

₹77,370.59 million during FY 2017-18 as compared to ₹57,973.07 million
during FY 2016-17.
 Increase in NII is on the back of improvement in loan book & investment
of the Bank.
NON-INTEREST INCOME
(₹ in Million)
Commission, exchange and brokerage 41,379.64 31,399.55 31.80%
Profit on the sale of investments (net) 5,134.74 7,112.68 -27.80%
Profit/(Loss) on sale of land, building
and other assets -12.89 0.18 -
Profit on exchange transactions (net) 2,315.71 1,018.89 127.30%
Miscellaneous income 3,421.14 2,036.25 68.00%
Total 52,238.34 41,567.57 25.70%
 Non-interest income consists of commission and fee income, trade

income, derivative and foreign exchange income, gain on sale of securities
and other income.
 Non-interest income of the Bank increased by 25.7% to ₹52,238.34
million during FY 2017-18 as compared to ₹41,567.57 million during FY
2016-17.
 Increase in non-interest income is primarily due to increase in
commission, fees income and higher flows in transaction banking
business.
Page 44 of 80
ECONOMIC VALUE GENERATED, DISTRIBUTED AND RETAINED
Particulars FY 2017-18 FY 2016-17 Change

₹ in ‘000 ₹ in ‘000
Economic Value Generated
Revenues 25,49,12,551 20,58,14,006 23.86%
Economic Value Distributed

Operating costs# 3,02,38,599 2,31,14,977 30.82%
Employee wages and benefits 2,18,89,199 1,80,50,433 21.27%
Payments to providers of capital 13,07,91,725 10,62,78,032 23.07%
Payments to Government 2,08,14,834 1,71,41,161 21.43%
Community Investments 4,52,100 4,16,600 8.52%
TOTAL 20,41,86,457 16,50,01,203 23.75%
Economic Value Retained* 5,07,26,094 4,08,12,803 24.29%
Interest on deposits 9,38,34,137 8,20,40,497 14.38%
Interest on RBI/ Inter-bank 2,98,40,501 2,22,42,771 34.16%
borrowings/ Tier I & Tier II debt
instruments
Others 16,28,986 19,90,099 -18.15%
Dividend paid for last year 54,88,101 4,665 117544.18%
Payments to providers of capital 13,07,91,725 10,62,78,032 23.07%
Provisions made for income tax 1,96,97,457 1,71,40,211 14.92%
during the year
Tax on Dividend paid for last year 11,17,377 950 117518.63%
Payments to Government 2,08,14,834 1,71,41,161 21.43%
# Excluding Employees Wages and Benefits

* Calculated as per the GRI 201 Standards
Page 45 of 80
OPERATING EXPENSES
The following table sets forth, for the periods indicated, the principal components of Operating
expenses
(₹ in Million)
Payments to and provisions for
employees 21,889.20 18,050.43 21.3%
Depreciation on own property
(including non-banking assets) 2,309.70 1,712.52 34.9%
Other administrative expenses 27,928.90 21,402.46 30.5%
OPERATING EXPENSES 52,127.80 41,165.41 26.6%
COST TO INCOME RATIO 40.20% 41.40% -
 Non-interest expenses primarily include employee expenses, depreciation on

assets and other administrative expenses. Non-interest expenses increased by
26.6% from ₹41,165.41 million in FY 2016-17 to ₹52,127.80 million in FY 2017-
18.
 The Bank continued to make substantial investments in information technology
and branch expansion to meet its growth targets. Operating expenses increased
by 26.6% from ₹41,165.41 million in FY 2016-17 to ₹52,127.80 million in FY
2017-18.
 Employee costs increased by 21.3% from ₹18,050.43 million in FY 2016-17 to
₹21,889.20 million in FY 2017-18. Employee costs accounted for 42.0% of our
operating expenses for the FY 2017-18 compared to 43.8% for the FY 2016-17.
 Rent, taxes and lighting (other operating expenses) also increased by 19.83% to
₹4,543.76 million in FY 2017-18 on account of the branch expansion to 1,100 as
on March 31, 2018 from 1,000 as on March 31, 2017.
 The Bank also scaled up investments in information technology, retail asset and
credit card business which contributed to increase in operating expenses.
Despite increasing investments in information technology and branches, the
Bank maintained a satisfactory cost to income ratio of 40.2% for the FY 2017-18.
Page 46 of 80
C.) COMPARATIVE FINANCIAL POSITION STATEMENT
ASSETS
(₹ in Millions)
At At
Particular March 31, 2018 March 31, 2017 Change in %
ASSETS
CASH AND BANK BALANCES 2,47,343.66 1,95,494.44 26.5%
Cash and balances with RBI 1,14,257.49 69,520.70 64.4%
Balances with banks and
money at call and short notice 1,33,086.18 1,25,973.74 5.6%
INVESTMENTS 6,83,989.39 5,00,317.98 36.7%
SLR investments* 4,88,860.83 3,54,804.67 37.8%
Non-SLR investments 1,95,128.56 1,45,513.31 34.1%
ADVANCES 20,35,338.63 13,22,626.77 53.9%
In India 18,91,273.01 12,62,286.76 49.8%
Outside India 1,44,065.62 60,340.00 138.8%
FIXED ASSETS 8,323.92 6,835.39 21.8%
OTHER ASSETS 1,49,460.44 1,25,324.60 19.3%
TOTAL 31,24,456.03 21,50,599.18 45.3%
* Includes investment in government securities, Banks in India are required to maintain

a specified percentage, currently 19.5%, of their net demand and time liabilities by way
of liquid assets like cash, gold or approved unencumbered securities.
Total assets of the Bank increased by 45.3% from ₹2,150,599.18 million at March 31,
2017 to ₹3,124,456.03 million at March 31, 2018, primarily due to 53.9% increase in
loan book and 36.7% increase in investment of the Bank.
Page 47 of 80
CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash in hand and balance with RBI and other banks,
including money at call and short notice. Cash and cash equivalents increased from
₹195,494.44 million at March 31, 2017 to ₹247,343.66 million at March 31, 2018
primarily due to an increase in Cash and Balances with RBI.
INVESTMENTS
Total investments increased by 36.7% from ₹500,317.98 million at March 31, 2017 to
₹683,989.39 million at March 31, 2018 primarily due to an increase in SLR securities by
₹134,056.16 million from ₹354,804.67 at March 31, 2017 to ₹488,860.83 at March 31,
2018.
ADVANCES
During FY 2017-18, the Bank recorded a growth of 53.9% in its loan book with
advances increasing to ₹2,035,338.63 million, primarily due to increase in term loan of
the Bank by 59.6%. Corporate Banking accounted for 67.9% of the Advances portfolio,
while Retail & Business Banking (incl. MSME) constituted 32.1%. Net advances of IFSC
Banking Unit (IBU) in GIFT City increased from ₹60,340.00 million at March 31, 2017 to
₹144,065.62 million at March 31, 2018.
FIXED ASSETS AND OTHER ASSETS

Fixed assets (net block) increased by 21.8% from ₹6,835.39 million at March 31, 2017
to ₹8,323.92 million at March 31, 2018. The addition in fixed assets is primarily due to
branch expansion to 1,100 as on March 31, 2018 from 1,000 as on March 31, 2017 and
continued investment in information technology. Other assets increased by 19.3% from
₹125,324.60 million at March 31, 2017 to ₹149,460.44 million at March 31, 2018.
Page 48 of 80
LIABILITIES
(₹ in Millions)
At At
Particular March 31, 2018 March 31, 2017 Change in %
LIABILITIES
CAPITAL 4,605.93 4,564.86 0.9%
RESERVES AND SURPLUS 2,52,976.86 2,15,975.74 17.1%
DEPOSITS 20,07,381.48 14,28,738.57 40.5%
Current deposit accounts 2,88,257.25 1,90,878.20 51.0%
Saving Account 4,43,504.51 3,27,818.30 35.3%
CASA 7,31,761.76 5,18,696.50 41.1%
TERM DEPOSIT 12,75,619.72 9,10,042.07 40.2%
BORROWINGS 7,48,935.81 3,86,066.73 94.0%
Borrowing in India 4,61,878.31 2,25,174.46 105.1%
Borrowing Outside India 2,87,057.50 1,60,892.27 78.4%
OTHER LIABILITIES AND
PROVISIONS 1,10,555.95 1,15,253.29 -4.1%
TOTAL 31,24,456.03 21,50,599.18 45.3%
EQUITY CAPITAL AND RESERVE AND SURPLUS

On September 8, 2017, the shareholders of the Bank approved the sub-division of each
equity share having a face value of ₹10 into five equity shares having a face value of ₹2
each through postal ballot. The record date for the sub-division was September 22,
2017.
Share capital of the Bank increased from ₹4,564.86 million as at March 31, 2017 to
₹4,605.93 million as at March 31, 2018. During the financial year ended March 31, 2018,
the Bank has issued ₹20,538,180 shares pursuant to the exercise of employee stock
options (ESOPs).
Reserves and Surplus increased from ₹215,975.74 million as at March 31, 2017 to
₹252,976.86 million as at March 31, 2018. Increase in Reserve and Surplus is primarily
due to accretion of profits and increase in Share Premium account.
Page 49 of 80
DEPOSITS
Deposits increased by 40.5% from ₹1,428,738.57 million at March 31, 2017 to

₹2,007,381.48 million at March 31, 2018. Term deposits increased by 40.2% from
₹910,042.07 million at March 31, 2017 to ₹1,275,619.72 million at March 31, 2018,
while savings account deposits increased by 35.3% from ₹327,818.30 million at March
31, 2017 to ₹443,504.51 million at March 31, 2018 and current account deposits
increased by 51.0% from ₹190,878.20 million at March 31, 2017 to ₹288,257.25 million
at March 31, 2018.
The Bank has seen an increase in the composition of granular deposits on account of an
increasing branch franchise and customer base of the Bank. The current and savings
account (CASA) deposits increased from ₹518,696.50 million at March 31, 2017 to
₹731,761.76 million at March 31, 2018. Total deposits at March 31, 2018 constituted
72.8% of the funding (i.e., deposits and borrowings). The Bank’s CD ratio stood at
101.4% as at March 31, 2018.
BORROWINGS
Borrowings increased by 94.0% from ₹386,066.73 million at March 31, 2017 to

₹748,935.81 million at March 31, 2018 primarily because during the year ended March
31, 2018, the Bank has raised ₹70,000 million Basel III Compliant Tier-II bonds and
₹54,150 million Basel III compliant Additional Tier I bonds, Further, the Bank has raised
bonds of ₹38,975 million in the form of medium-term note from international debt
market.
OTHER LIABILITIES
Other liabilities decreased marginally by 4.1% from ₹115,253.29 million at March 31,
2017 to ₹110,555.95 million at March 31, 2018.
Page 50 of 80
REGULATORY CAPITAL
In line with the RBI circular on Basel III Capital Regulations, currently for computing
capital requirement, the Bank has adopted the standardized approach for credit risk,
standardized duration approach for market risk and Basic indicator approach for
operational risk. The Bank has also put in place a Board approved policy on Internal
Capital Adequacy Assessment Process (ICAAP) which defines and sets processes to
review and improve the techniques used for identification, measurement and
assessment of all material risks and resultant capital requirements.
Capital Adequacy Ratios At March 31, 2018 At March 31, 2017

Total capital ratio (CAR) out of the above 18.40% 17.00%
CET1 9.70% 11.40%
Tier I Capital 13.20% 13.30%
Tier II Capital 5.20% 3.70%
As per Basel III norms, the Bank had a capital adequacy ratio of 18.4% as at the end of
March 31, 2018. As per Basel III, Tier I capital ratio was 13.2% and the Tier II capital
ratio was 5.2% as at March 31, 2018. The Bank has raised ₹70,000 million non-
convertible, redeemable, Basel III Compliant Tier II bonds and ₹54,150 million Basel III
compliant Additional Tier I bond which helped in strengthening the capital adequacy of
the Bank.
Page 51 of 80
SUBSIDIARY PERFORMANCE
YES Securities (India) Limited (YSIL) is the Bank’s Investment Banking, Merchant
Banking and Broking subsidiary. During the year, the Bank has infused capital of ₹550
million in YES Asset Management (India) Limited (YAMC) and ₹5 million in Yes Trustee
Limited (YTL). All the three subsidiaries are wholly owned subsidiaries of the Bank.
YTL’s principal activity is to act as trustee for funds (Yes Mutual Fund); the company
was incorporated on 3rd May, 2017. YAMC has entered into investment management
agreement with YTL to act as the investment manager for any funds to be launched by
Yes Mutual fund.
During FY 2017-18, profit after tax of YSIL increased from profit of ₹97.89 million in FY
2016-17 to profit of ₹133.01 million. Total revenue of YSIL increased by 12.6% from
637.90 million during FY 2016-17 to 718.58 million in FY 2017-18. Further, YAMC has
made loss of ₹45.79 million with total income of ₹7.84 million with and YTL has made
loss of ₹0.66 million with total revenue of ₹0.06 million.
Page 52 of 80
D.) RATIO ANALYSIS
OVERVIEW OF FINANCIAL PERFORMANCE
KEY RATIOS
(₹ in Millions)

Return on average equity (%) 17.70% 21.50% -17.67%
Return on average assets (%) 1.60% 1.80% -11.11%
EPS - Basic (₹) (FV ₹2) 18.43 15.78 16.79%
Book value per share (₹) (FV ₹2) 111.8 96.6 15.73%
Cost to income 40.20% 41.40% -2.90%
Cost of fund 6% 6.60% -9.09%
Capital Adequacy Ratio Basel III 18.40% 17% 8.24%
Tier I 13.20% 13.30% -0.75%
Tier II 5.20% 3.70% 40.54%
Gross non performing advances
(NPA) % to Total Advances 1.28% 1.52% -15.79%
Net NPA % to Total Advances 0.64% 0.81% -20.99%
CASA ratio to % of total deposits 36.50% 36.30% 0.55%
The Bank has continued to deliver on all key parameters with robust growth such as
loan book increment of 53.9%, improved asset quality, improved net income, increase
in net interest margins and improved liability franchise with a CASA ratio of 36.5%. This
helped the Bank generate strong shareholder returns with basic and diluted EPS
increasing to ₹18.43 and ₹18.06 respectively, taking the book value up to ₹111.8.
Page 53 of 80
1.) Total
Assets
FY FY FY FY FY FY
Year 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
INR in Crores 99,104 1,09,016 1,36,170 1,65,263 2,15,060 3,12,446
% in Change - 10.00% 24.91% 21.37% 30.13% 45.28%
INR in Crores
350,000
300,000
250,000
200,000
INR in Crores
150,000
100,000
50,000
0
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
CAGR = 25.80%
Balance Sheet Crossed Significant Milestone of Rs. 3 lakh crore
There has been gradual increase in total assets of the company and it takes vast growth
in FY 2017-18. In 2017-18 company also crosses great milestone of INR 3 Lac crores.
Page 54 of 80
2.) SHAREHOLDERS FUNDS
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
INR in
Crores 5,808.00 7,122.00 11,680.00 13,787.00 22,054.00 25,758.00
% in
Change - 22.62% 64.00% 18.04% 59.96% 16.80%
INR in Crores
30,000.00
25,000.00
20,000.00
15,000.00 INR in Crores
10,000.00
5,000.00
0.00
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
CAGR = 34.70%
Yes Bank has accreted shareholder’s wealth tremendously in past years with a CAGR of
34.70% since inception.
Page 55 of 80
3.) ADVANCES
FY FY FY FY FY FY
2012- 2013- 2014- 2015- 2016- 2017-
Year 13 14 15 16 17 18
INR in Crores 47,000 55,633 75,550 98,210 1,32,263 2,03,534
% in Change - 18.37% 35.80% 29.99% 34.67% 53.89%
INR in Crores
250,000.00
200,000.00
150,000.00
INR in Crores
100,000.00
50,000.00
0.00
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-
13 14 15 16 17 18
CAGR = 34.10%
Robust growth contributed to Strong Performance across segments
Page 56 of 80
4.) DEPOSITS
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
INR in
Crores 66,956 74,192 91,176 1,11,720 1,42,874 2,00,738
% in
Change - 10.81% 22.89% 22.53% 27.89% 40.50%
INR in Crores
250,000
200,000
150,000
INR in Crores
100,000
50,000
0
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
CAGR = 24.60%
Deposits crossed Rs 2 lakh crore with increasing granularity.
Page 57 of 80
5.) CASA Ratio
(Current Account & Saving Account)
FY FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 2012-13 14 15 16 17 18
In % 18.90% 22.00% 23.10% 28.10% 36.30% 36.50%
In %
40.00%
35.00%
30.00%
25.00%
20.00% In %
15.00%
10.00%
5.00%
0.00%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
CAGR = 42%
CASA CAGR of 42% resulting in robust increase in CASA ratio
Page 58 of 80
6.) GROSS NPA
FY FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 2012-13 14 15 16 17 18
In % 0.20% 0.31% 0.41% 0.76% 1.52% 1.28%
In %
1.60%
1.40%
1.20%
1.00%
0.80% In %
0.60%
0.40%
0.20%
0.00%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Healthy Asset Quality parameters with improving outlook
Yes Bank Gross NPA has increase in Past years but performance in this year is
quite fascinating as it had reduced its GROSS NPA from 1.52% in 2016-17 to
1.28% in FY 2017-18, which is a good sign of Healthy Asset Quality parameters
which yes bank is continuously applying to reduce its Gross NPA’s.
Page 59 of 80
7.) NET NPA
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
In % 0.01% 0.05% 0.12% 0.29% 0.81% 0.64%
In %
0.90%
0.80%
0.70%
0.60%
0.50%
In %
0.40%
0.30%
0.20%
0.10%
0.00%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Reflective of Bank’s robust Risk Management framework
Yes Bank Net NPA has increase in Past years but performance in this year is quite
fascinating as it had reduced its Net NPA from 0.81% in FY 2016-17 to 0.64% in
FY 2017-18, which is a good sign of Healthy Asset Quality parameters which yes
bank is continuously applying to reduce its Net NPA’s.
Page 60 of 80
8.) CAPITAL ADEQUACY RATIO
FY FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 2012-13 14 15 16 17 18
In % 18.30% 14.40% 15.60% 16.50% 17.00% 18.40%
In %
20.00%
18.00%
16.00%
14.00%
12.00%
10.00% In %
8.00%
6.00%
4.00%
2.00%
0.00%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Healthy Capital Adequacy to enable capturing Market Share
Yes Bank Capital Adequacy ratio is increasing gradually and showing good
performance over the years. Co. CAR has increased from 17% in FY 2016-17 to
18.70% in FY 2017-18 which is a good sign of positivity for the company.
Page 61 of 80
9.) NET INTEREST INCOME
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
INR in
Crores 2,219.00 2,716.00 3,488.00 4,567.00 5,797.00 7,737.00
% in
Change - 22.40% 28.42% 30.93% 26.93% 33.47%
INR in Crores
8,000.00
7,000.00
6,000.00
5,000.00
3,000.00
2,000.00
1,000.00
0.00
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Robust NII Growth on back of strong growth in Advances and expanding NIMs
CAGR = 28.40%
Net Interest income (NII) of the Bank increased by ₹19,397.52 to ₹77,370.59
million during FY 2017-18 as compared to ₹57,973.07 million during FY 2016-
17. Increase in NII is on the back of improvement in loan book & investment of
the Bank.
Page 62 of 80
10.) NON INTEREST INCOME
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
INR in
Crores 1,257.00 1,722.00 2,046.00 2,712.00 4,157.00 5,224.00
% in
Change - 36.99% 18.82% 32.55% 53.28% 25.67%
INR in Crores
6,000.00
5,000.00
4,000.00
2,000.00
1,000.00
0.00
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Healthy growth across transactional Corporate, Trade, CMS and Granular Retail Fees
CAGR = 33%
Non-interest income consists of commission and fee income, trade income, derivative
and foreign exchange income, gain on sale of securities and other income. Non-interest
income of the Bank increased by 25.7% to ₹52,238.34 million during FY 2017-18 as
compared to ₹41,567.57 million during FY 2016-17. Increase in non-interest income is
primarily due to increase in commission, fees income and higher flows in transaction
banking business.
Page 63 of 80
11.) NET PROFIT
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
INR in
Crores 1,301.00 1,618.00 2,005.00 2,539.00 3,330.00 4,225.00
% in
Change - 24.37% 23.92% 26.63% 31.15% 26.88%
INR in Crores
4,500.00
4,000.00
3,500.00
3,000.00
2,500.00
INR in Crores
2,000.00
1,500.00
1,000.00
500.00
0.00
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Sustained Profit Delivery with Best in Class Return Ratios

CAGR = 26.60%
Net profit for FY 2017-18 increased by 26.9% to ₹42,245.64 million as compared to
₹33,300.96 million for the FY 2016-17. Net Interest income (NII) of the Bank increased
by 33.5% to ₹77,370.59 million during FY 2017-18 as compared to ₹57,973.07 million
during FY 2016-17. The Net Interest Margin (NIM) was 3.5% in FY 2017-18. Non-
Interest Income consists of fee, trade income and treasury income. Non-Interest Income
increased by 25.7% from ₹41,567.57 million in FY 2016-17 to ₹52,238.34 million in FY
2017-18.
Page 64 of 80
12.) NET-INTEREST MARGIN
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
In % 2.90% 2.90% 3.20% 3.40% 3.40% 3.50%
In %
3.50%
3.00%
2.50%
2.00%
In %
1.50%
1.00%
0.50%
0.00%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
NIMs expansion over the last 4 years on the back of increasing CASA and improving
Retail mix.
The Net Interest Margin (NIM) was 3.5% in FY 2017-18. Non-Interest Income consists
of fee, trade income and treasury income. Non-Interest Income increased by 25.7%
from ₹41,567.57 million in FY 2016-17 to ₹52,238.34 million in FY 2017-18.
Page 65 of 80
13.) RETURN ON ANNUAL AVERAGE ASSETS
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
In % 1.50% 1.60% 1.60% 1.70% 1.80% 1.60%
1.80%
1.60%
1.40%
1.20%
1.00%
Series1
0.80%
0.60%
0.40%
0.20%
0.00%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
RoA’s above 1.5% for the past 5 years
There has been decrease in company Return on Asset in last year from 1.80% in FY
2016-17 to 1.60% in FY 2017-18.
Though company still able to maintain RoA over & above 1.50% in last 5 years which is
a good sign of performance.
Page 66 of 80
14.) COST TO INCOME RATIO
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
In % 38.40% 39.40% 41.30% 40.90% 41.40% 40.20%
In %
41.50%
41.00%
40.50%
40.00%
39.50%
39.00% In %
38.50%
38.00%
37.50%
37.00%
36.50%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Leveraging Investment in Branches, People and Technology
Yes Bank Cost to income was increasing if we see from 2012-13 to 2016-17
which means more cost to bear to earn income but in FY 2017-18 co.’s cost to
income has fallen from 41.40% in 16-17 to 40.20% in FY 2017-18 which is also a
positive sign of performance.
Page 67 of 80
15.) RETURN ON EQUITY
FY 2012- FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 13 14 15 16 17 18
In % 24.80% 25.00% 19.00% 19.90% 21.50% 17.70%
In %
25.00%
20.00%
15.00%
In %
10.00%
5.00%
0.00%
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Delivering Consistent Shareholders’ Returns
Though Return on Equity is delivered constantly above 15% in last 6 years but
there has been decrement in Return on equity year by year and it has fallen from
24.80% in FY 2012-13 to 17.70% in FY 2017-18 which is a big fall in return on
Equity and not a good performance visual.
Page 68 of 80
16.) BASIC EARNINGS PER SHARE
FY FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 2012-13 14 15 16 17 18
IN Rs. 7.30 9.00 9.90 12.10 15.80 18.40
IN Rs.
20.00
18.00
16.00
14.00
12.00
10.00 IN Rs.
8.00
6.00
4.00
2.00
0.00
FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
CAGR = 20.30%
Yes Bank showing a positive increase in Basic EPS over the years and it is
increasing gradually. Basic EPS has increase to ₹ 18.40 in FY 2017-18 from ₹
15.40 in FY 2016-17 which is a good sign of positive performance.
Page 69 of 80
17.) Current Assets Ratio
FY 2013- FY 2014- FY 2015- FY 2016-

Year 14 15 16 17 FY 2017-18
Current Assets 67,771.96 89,246.21 1,15,954.23 1,64,344.58 2,43,214.27
Current
Liabilities 6,387.75 7,094.18 8,098.30 11,525.33 11,055.60
CA Ratio 10.61 12.58 14.32 14.26 22.00
Liquidty Ratio
2.50
2.00
1.50
Liquidty Ratio
1.00
0.50
0.00
FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Yes Bank has positive current assets ration and a very strong background in
terms of Assets to liability. It’s Current assets ratio is gradually increasing and
has increased rapidly in FY 2017-18 to 22.00 from 14.26 in FY 2016-17.
Page 70 of 80
18.) Liquidity Ratio
FY 2013- FY 2014- FY 2015- FY 2016- FY 2017-

Year 14 15 16 17 18
Quick Assets 5,891.66 7,557.15 8,218.42 19,549.44 24,734.37
Current
Liabilities 6,387.75 7,094.18 8,098.30 11,525.33 11,055.60
Liquidty Ratio 0.92 1.07 1.01 1.70 2.24
Liquidty Ratio
2.50
2.00
1.50
Liquidty Ratio
1.00
0.50
0.00
FY 2013-14 FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18
Yes Bank has very good range of liquidity ratio in past five years and its ability to
meet its liquidity requirements is increasing nicely.
Page 71 of 80
E.) CASH FLOW STATEMENT
Year ended Year ended

Particular 31-Mar-18 31-Mar-17
CASH FLOW FROM OPERATING ACTIVITIES
NET PROFIT BEFORE TAXES 6,19,43,094 5,04,41,173
ADJUSTMENT FOR
Depreciation for the year 23,09,704 17,12,519
Amortization of premium on investments 16,73,308 7,89,586
Provision for investments 25,99,443 5,22,117
Provision for standard advances 16,87,427 8,31,396
Provision/write off of non performing advances 1,07,88,287 66,34,414
Other provisions 3,97,075 -1,76,774
(Profit)/Loss on sale of land, building and other
assets 12,892 -182
(i) 8,14,11,230 6,07,54,249
ADJUSTMENT FOR
Increase/(Decrease) in Deposits 57,86,42,909 31,15,43,236
Increase/(Decrease) in Other Liabilities -13,84,431 3,98,28,371
(Increase)/Decrease in Investments -10,48,36,672 2,76,45,612
(Increase)/Decrease in Advances -72,51,87,573 -34,71,61,913
(Increase)/Decrease in Other assets -2,45,32,910 -3,00,73,864
(ii) -27,72,98,677 17,81,442
Payment of direct taxes (iii) -2,28,89,711 -1,87,49,191
Net cash generated from/(used in) operating (i+ii+ii
activities (A) i) -21,87,77,158 4,37,86,500
CASH FLOW FROM INVESTING ACTIVITIES

Purchase of fixed assets -39,00,382 -38,76,000
Proceeds from sale of fixed assets 89,251 35,459
(Increase)/Decrease in Held To Maturity (HTM)
securities -8,25,52,484 -4,08,90,641
Investment in subsidiaries -5,55,000 0
Net cash generated/(used in) from investing
activities (B) -8,69,18,615 -4,47,31,182
CASH FLOW FROM FINANCING ACTIVITIES

Increase in Borrowings 24,10,03,504 4,35,68,618
Tier II Debt raised 7,00,00,000 0
Innovative Perpetual Debt raised 5,41,50,000 3,00,00,000
Tier II Debt repaid during the year -24,89,000 -37,86,000
Proceeds from issue of Share Capital (net of share
issue expense) 14,20,167 4,95,76,625
Dividend paid during the year -54,88,101 -42,09,981
Tax on dividend paid -11,17,377 -8,57,152
Net cash generated from/(used in) financing
activities (C) 35,74,79,193 11,42,92,110
Page 72 of 80
Effect of exchange fluctuation on translation

reserve (D) 65,803 -37,234
Net increase in cash and cash equivalents
(A+B+C+D) 5,18,49,223 11,33,10,194
Cash and cash equivalents as at April 1st 19,54,94,441 8,21,84,247
Cash and cash equivalents as at Mar 31st 24,73,43,664 19,54,94,441
NOTES TO THE CASH FLOW STATEMENT:

Cash and cash equivalents includes the following
Cash and Balances with Reserve Bank of India 11,42,57,489 6,95,20,697
Balances with Banks and Money at Call and Short
Notice 13,30,86,175 12,59,73,744
Cash and cash equivalents as at March 31st 24,73,43,664 19,54,94,441
Page 73 of 80
F.) PROFIT & LOSS A/C
Year ended Year ended

Particular 31-Mar-18 31-Mar-17
I. INCOME
Interest earned 20,26,74,216 16,42,46,437
Other income 5,22,38,335 4,15,67,569
Total 25,49,12,551 20,58,14,006
II. EXPENDITURE
Interest expended 12,53,03,624 10,62,73,367
Operating expenses 5,21,27,798 4,11,65,410
Provisions and contingencies 3,52,35,492 2,50,74,265
Total 21,26,66,914 17,25,13,042
III. PROFIT
Net profit for the year 4,22,45,637 3,33,00,964
Profit brought forward 7,93,33,915 5,54,46,801
IV. APPROPRIATIONS
Transfer to Statutory Reserve 1,05,61,409 83,25,241
Transfer to Capital Reserve 6,59,648 10,82,995
Transfer to Investment Reserve - -

Dividend paid 54,88,101 4,665
Tax on Dividend paid 11,17,377 950
Balance carried over to balance sheet 10,37,53,016 7,93,33,915
Total 12,15,79,552 8,87,47,765
Earning per share

Basic (₹) 18.43 15.78
Diluted (₹) 18.06 15.35
Page 74 of 80
G.) BALANCE SHEET
As at As at
Mar 31, 2018 Mar 31, 2017
CAPITAL AND LIABILITIES
Capital 46,05,934 45,64,858
Reserves and surplus 25,29,76,864 21,59,75,735
Deposits 2,00,73,81,476 1,42,87,38,567
Borrowings 74,89,35,808 38,60,66,730
Other liabilities and provisions 11,05,55,951 11,52,53,287
Total 3,12,44,56,033 2,15,05,99,177
ASSETS
Cash and balances with Reserve Bank of India 11,42,57,489 6,95,20,697
Balances with banks and money at call and short
notice 13,30,86,175 12,59,73,744
Investments 68,39,89,387 50,03,17,983
Advances 2,03,53,38,628 1,32,26,26,769
Fixed assets 83,23,917 68,35,385
Other assets 14,94,60,437 12,53,24,599
Total 3,12,44,56,033 2,15,05,99,177
Contingent liabilities 5,81,82,96,390 3,79,56,41,601

Bills for collection 1,93,55,641 1,39,00,033
Page 75 of 80
CHAPTER 4 – MARKET ANALYSIS

A.) PRICE MOVEMENT IN LAST 90 DAYS
Date Close Price Date Close Price Date Close Price

03-Sep-18 339.05 11-Oct-18 240.2 19-Nov-18 204.8
04-Sep-18 334.05 12-Oct-18 246.45 20-Nov-18 192.1
05-Sep-18 343.8 15-Oct-18 246 21-Nov-18 198.15
06-Sep-18 339.2 16-Oct-18 248.9 22-Nov-18 195.55
07-Sep-18 323.4 17-Oct-18 231.9 26-Nov-18 187.9
10-Sep-18 323.65 19-Oct-18 217.9 27-Nov-18 182.65
11-Sep-18 316.6 22-Oct-18 211.5 28-Nov-18 162.1
12-Sep-18 314.3 23-Oct-18 213.2 29-Nov-18 160.45
14-Sep-18 323.1 24-Oct-18 204 30-Nov-18 169.8
17-Sep-18 318.6 25-Oct-18 198.35 03-Dec-18 178
18-Sep-18 323.55 26-Oct-18 180.7 04-Dec-18 176.5
19-Sep-18 319.2 29-Oct-18 181.3 05-Dec-18 173.4
21-Sep-18 226.5 30-Oct-18 182.05 06-Dec-18 168.45
24-Sep-18 226.4 31-Oct-18 188.1 07-Dec-18 166.2
25-Sep-18 219.7 01-Nov-18 204.05 10-Dec-18 165.65
26-Sep-18 223.75 02-Nov-18 209.1 11-Dec-18 177.85
27-Sep-18 203.25 05-Nov-18 210.1 12-Dec-18 186.6
28-Sep-18 183.65 06-Nov-18 214.45 13-Dec-18 174.7
01-Oct-18 200.85 07-Nov-18 215.95 14-Dec-18 180.35
03-Oct-18 212.75 09-Nov-18 227.9 17-Dec-18 181
04-Oct-18 215 12-Nov-18 223.05 18-Dec-18 179
05-Oct-18 206 13-Nov-18 225.45 19-Dec-18 179.55
08-Oct-18 221.2 14-Nov-18 222.4 20-Dec-18 186.75
09-Oct-18 224.65 15-Nov-18 205.85 21-Dec-18 182.95
10-Oct-18 233.9 16-Nov-18 191 24-Dec-18 182.3
During the month of September there were various ups & down in the market price of
Yes Bank share due to market volatility.
Shares of Yes Bank Ltd on 21st Sep 2018 fell nearly 29%, its steepest fall ever, as several
brokerages downgraded the stock and cut its target price after the Reserve Bank of
India (RBI) cut CEO Rana Kapoor three-year tenure to only four months. As Mr Rana
Kapoor extension was withdrawn by RBI.
50
0
150
200
250
300
400
100
350
Sep-18
Sep-18
Sep-18
Sep-18
Sep-18
Sep-18
Oct-18
Oct-18
Oct-18
Oct-18
Oct-18
IMT CDL | VIPUL GARG | 18A2017142

Oct-18
Oct-18
Nov-18
Nov-18
Nov-18
Nov-18
Nov-18
Nov-18
Nov-18
Dec-18
Dec-18
Dec-18
Dec-18
Dec-18
Page 76 of 80
Close Price
Financial Statement Analysis of Yes Bank Limited

Page 77 of 80
B.) MARKET SHARE

Large private banks have grown their market share in current accounts (CAs) by five
percentage points between FY16 and FY18 and held nearly 41% of all such deposits at
the end of the last financial year, according to a note by investment bank Nomura. Also,
the pace of growth in current account savings account (CASA) at private banks has shot
up, with nearly 65% of all new CA deposits between FY14 and FY18 being garnered by
them.
Simultaneously, the share of public-sector banks (PSBs) in such low-cost accounts has
fallen.
“Excluding SBI (State Bank of India), PSUs’ incremental SA share is down to under 40%
from nearly 50% three-four years ago,” Nomura said in the note, adding that SBI has
managed to retain its dominance in the SA market. Over the four-year period, SBI held
nearly 30% of all new SA deposits and has lost relatively less ground in the current
account space, with around 20% of incremental system CAs.
On a compound annual growth rate (CAGR) basis, CA growth was 14% and SA growth
20% over FY16-FY18, up from 9% and 14% growth respectively over FY12-FY16.
Nomura attributed part of the higher SA growth to demonetisation as some of the
deposits that came to banks as part of the exercise has stayed with them banks. The
higher CA growth is explained by better capital markets, it observed.
Page 78 of 80
C.) FUTURE ASPECTS

We might not have flying cars, sophisticated sci-fi gizmos or time travel yet, but no one
can deny the fact that the world has changed dramatically in the last decade. The shift
due to unprecedented digitization has led to obsolescence, not just of technological
architecture but also of business models, management frameworks, and most
importantly, obsolescence of the skill sets of our human capital. This is especially true in
the banking sector, globally and in India.
While the business of banking, intermeshed with macroeconomic scenarios, will
continue to navigate both the intermittent headwinds and tailwinds, there has been
another strong story building up on the back of technology driven disruptions.
Banking which has followed a pattern of natural evolution over centuries, is now
metamorphosing at Godspeed.
While the core fundamentals of banking, or for that matter any business, haven’t
changed given the speed of transformation, we have to literally change the engines
while flying, without letting our eyes off the radar.
When you start considering the inverted model of the future already in the present, the
definition of change itself needs to be altered as well to match the evolution of customer
behaviour. Now, more than ever, we need to ensure that the Customer is truly at the
centre of our strategy, we need to understand the customers’ needs – stated, unstated,
and constantly evolving – and couple that with relevant products and solutions delivery.
A bank or financial institution no longer holds sway over the customer as technology
has made it feasible for the customer to choose the best solutions available in the
market, fairly seamlessly. And this will only further accentuate in the years to come. At
YES BANK, we saw weak signals of this change a few years ago.
Breaking stereotypes, challenging the status-quo and doing things differently has
always been a part of our organizational DNA.
We have tried to look into the future, and embrace the tomorrow, today. At YES BANK
we call this FUTURE NOW. A future where uncertainty is embraced and harnessed to
bring about critical change in businesses. For YES BANK, Future Now is going beyond
the ‘rhetoric’ of customer centricity, and embedding it across the entire organization –
in its customer journey and experience, supported by reimagined products and services,
technology, operations and human touch points. Future Now is about thriving in the
digital age by challenging conventions and embracing change. The year 2017 was about
being FutuReady. Through ART of Banking (Alliances & Relationships with underlying
Technology) we conceptualized and tested ideas of the future. The year 2018 is about
embracing Future Now, scaling these interventions, and fast forwarding YES BANK into
the future.
Page 79 of 80
CONCLUSION
The Balance sheet along with the income statement is an important tools
for investors and many other parties who are interested in it to gain insight
into a company and its operation. The balance sheet us a snapshot at a
single point of time of the company’s accounts covering its assets, liabilities
& shareholder’s equity.
The purpose of the balance sheet is to give users an idea of the company’s
financial positions along with displaying what the company owns & owes. It
is important that all investors know how to use, analyse and read balance
sheet, p&l account tells the net profit and net loss of a company & its
appropriation.
In the case of Yes Bank during FY 2017-18 the bank continued to grow &
diversify its assets base and revenue streams. Continuous increase in
number of branches, ATM & electronic channels shows growth takes place
in bank.
Trend analysis of P&L A.c and Balance sheet shows the & change in items of
p&l a/c & Balance sheet i.e. % change from FY 2017-18 & FY 2016-17. It
shows that all items are increases mostly but increase in this year is less as
compared to previous year. In P&L all items like interest income, non
interest income, interest expense, operating expense, operating profit,
Profit before tax & after tax have increased.
Ratio Analysis of financial statement shows that bank’s current ratio is
better than quick ratio. It means bank has invested more in current assets
than the fixed assets and liquid assets. Bank has given more advances to its
customer and they have less cash in their hand.
Thus ratio analysis and trend analysis of cash flow statement shows that
Yes Bank’s financial position is good.
Page 80 of 80
REFERENCES
1. www.Moneycontrol.in
2. www.Economictimes.com
3. www.Yesbank.in
4. Annual Report 2017-18

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A Report

NAME: VIPUL GARG

REGISTRATION NUMBER: 18A2017142

IMT CENTRE FOR DISTANCE LEARNING

ACADEMIC YEAR – 2018-2019

NAME: VIPUL GARG

REGISTRATION NUMBER: 18A2017142

A Report submitted in fulfilment of the requirements of

Date: 22/12/2018 Signature:

Place: Ghaziabad Name: VIPUL GARG

My project report comprises a deep rooted and profound study on the

2. Financial Statement & its Analysis

3. Analysis of Financial Statement of Yes Bank

A.) A Brief Introduction

A banker interprets the financial statement so as to evaluate the financial

Analysis of financial statement helps in making the future decision and

The main objective of this report is the following:

products & services, history, organizational structure,

subsidiary companies etc.

 To analyse the financial statement i.e. P&L account and Balance

sheet of YES BANK.

 To learn about P&L Account, Balance-sheet and different type

 To understanding the meaning and need of Balance Sheet and

profit and loss account.

 The purpose is to portray the financial position of YES BANK

 To evaluate the financial soundness, stability and liquidity of

C.) YES Bank

 Yes Bank Launches YES MICROFINANCE

E.) Board of Directors

 Mr. Rana Kapoor: Founder, Managing Director & CEO

F.) Board Committees

a.) Audit Committee:

a. Mr. Uttam Prakash Agarwal (Chairman), Independent Director

b.) Risk Monitoring Committee:

a. Mr. Subhash Kalia (Chairman), Non-Executive Non-Independent

c.) Nomination & Remuneration Committee:

a. Mr. Brahm Dutt (Chairman), Independent Director

d.) Stakeholders Relationship Committee:

a. Mr. Ajai Kumar (Chairman), Non-Executive Non-Independent Director

e.) Fraud Monitoring Committee:

a. Mr. Rana Kapoor (Chairman), Managing Director & CEO

f.) Corporate Social Responsibility Committee:

a. Lt. General (Dr.) Mukesh Sabharwal (Retd.) (Chairman), Independent

g.) Service Excellence, Branding and Marketing Committee

a. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.) (Chairman), Independent

h.) IT Strategy Committee

a. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.), Independent Director

i.) Capital Raising Committee

a. Mr. Rana Kapoor (Chairman), Managing Director &CEO

j.) Board Credit Committee

a. Mr. Ajai Kumar (Chairman), Non-Executive Non-Independent Director

k.) Committee of Independent Directors

a. Lt. Gen. (Dr.) Mukesh Sabharwal (Retd.)

l.) Committee on Wilful Defaulters & Non-cooperative

a. Mr. Rana Kapoor (Chairman), Managing Director & CEO

G.) Organisational Structure of YES BANK

YES BANK provides a comprehensive range of client-focused Corporate