Details of YES Bank

YES Bank has been recognized amongst the Top and Fastest Growing Banks in various Indian
Banking League Tables by prestigious media houses and Global Advisory Firms, and has
received several national and international honours for our various Businesses including
Corporate Investment Banking, Treasury,. Here are some of the basic details of YES Bank:

Type of the company: Public

CEO: Prashant Kumar (6 Mar 2020–)

Founded: 2004, 18 years ago

Headquarters: Mumbai, Maharashtra, India

Number of employees: 238,000 (2021)

Revenue: ₹22,423 crore (US$2.8 billion) (2022)

Subsidiaries: 

 IFSC Banking Unit Branch

 Yes Bank Limited
 Asset Management Arm
 Yes Securities (India) Limited

Yes Bank provides banking and financial services. There are around 1050 branches all over
India. Yes Bank Ltd. was incorporated on November 21, 2003 by Rana Kapoor and late Ashok
Kapoor.

Reasons that led to YES Bank crisis

Yes bank is one of the biggest banks in India. India has both the public sector and private sector
banks. Yes bank faced a hard situation during the year 2020. On 5 March 2020, a 30 days
moratorium was imposed on Yes Bank by RBI, superseded the private sector lender board, and
appointed Prashant Kumar as an administrator over it.
During this Moratorium, depositors were allowed to withdraw up to 50,000 per person. Further,
the main object of the Reserve Bank of India or the Government of India is to safeguard the
money of depositors.

The share price of the Yes Bank was Rs.400 in 2018 which is now standing at just 16.60 as of 6
March 2020. The financial condition deteriorated due to its inability to raise capital to address
potential loan losses.

Yes bank is a private sector bank. In March 2020, Yes Bank faced a historical crisis. There are
various reasons that led Yes bank to this crisis, they are, there were a large number of bad loans
given by banks and depositors have withdrawn large numbers of amounts from the bank. There
was no balance between the loan sheet and the depositors’ sheet. RBI put a 30 days moratorium
on Yes Bank to save it.

A major effect of the yes bank crisis was that there was a big chance that other financial
institutions could collapse. But the Reserve Bank of India took initiative and saved Yes Bank
from major collapse.

https://en.wikipedia.org/wiki/Yes_Bank