YES BANK Ltd is India's fourth largest private sector bank. It fundamentally operates as a corporate bank, but also covers retail banking and even asset management as subsidiary functions. Their core businesses are,
They also have a new section called Beyond banking, where they provide services such as responsible banking and Yes global institute. The Treasury segment covers financial market activities behalf of bank customers, equity trading and also resource mobilization from other financial institutions. The other banking segments includes services like para-banking activities such as merchant banking and third-party product distribution.
About Company Information:
Yes Bank Ltd was founded by Rana Kapoor and Ashok Kapoor and incorporated on November 21, 2003. Their business was commenced on January 21, 2004. Yes Bank Ltd is a financial industry that comes under the Banking sector with the sub-industry as Banks.
In the year 2005, they established an initial attempt into retail banking and also they launched International debit card in partnership with MasterCard International.
The Bank opened 18 new off-site ATMS's and 50 new branches during the year 2008-09. Throughout the year 2009-10, they opened 33 new branches. Again from 2010 to 2011, the Bank opened 64 new branches. At the year of 2011, Yes Bank operated around 164 cities in India, with 214 branches and 250 ATMs.
Yes Bank's next motto was to build the Best Quality Bank of the World in India. Therefore, at the beginning of Fiscal Year 2010-11, the Bank started on an ambitious exploration into the next phase of growth, and that's how they launched YES BANK - VERSION 2.0. Their Version 2.0 is the most exciting phase in the life cycle of YES BANK with a vision of setting up 750 branches, 12,000 employees,3000 ATMs, Rs 125,000 Cr-Deposit base, Rs 150,000 Cr - Balance Sheet size, and a Rs 100,000 Cr - Loan book by 2015.
On July 2015, Yes Bank announced that it had received approval from the Reserve Bank of India to establish IFSC Banking Units (IBUs) in Gujarat International Finance Tec-City (GIFT). Establishing the IBU propelled Yes Banks growth plans further by granting access to international financial markets. It also helped them to serve corporate clients requiring foreign currency (FCY) funding.
By issuing Green Infrastructure Bonds to International Finance Corporation, Washington, Yes Bank announced that it had raised Rs,315 crores on August 5 2015. This investment was the first that came through IFC in Emerging markets Green Bond issue in the world, and the bond's tenor is for ten years.
As on December 31 2017, Yes bank branch and ATM network have spread in 29 states and seven territories. There are around 1,050 Yes Bank branches and 1,724 ATM networks which include 573 Bunch note acceptors/cash recyclers.
On February 1, 2018, Yes Bank Signs MoU for offering banking solutions to defence personnel with Assam Rifles. YES BANK, announced the appointment of Mr Ravinder Kumar Khanna as an Additional Director (Non-Executive Non-Independent), with immediate effect, i.e. from April 26, 2019.
The Yes Bank Equity Shares/stocks are listed on the National Stock Exchange of India Limited (the "NSE") and BSE Limited (the "BSE", together with the NSE, the "Stock Exchanges") as well as London stock exchange. In May 2005, Yes Bank listed its IPO in the stock exchanges of India at an issue price of Rs.45.
The Key Dates to be noted for Yes Bank is:
March - The Year Ending Month
June - The AGM Date (Month)
June - Book Closure Date (Month)
As of May 2019 - Yes Bank Management Team:
Mr Brahm Dutt, Part-Time Chairman
Lt. General (Dr.) Mukesh Sabharwal (Retd.), Independent Director
Mr Subhash Chander Kalia, Non-Executive Non-Independent Director
Mr Ajai Kumar, Non-Executive Non-Independent Director
Dr Pratima Sheorey, Independent Director
Mr Uttam Prakash Agarwal, Additional (Independent) Director
Mr T.S. Vijayan, Additional (Independent) Director
Mr Maheshwar Sahu, Additional (Independent) Director
Mr Anil Jaggia, Additional (Independent) Director
Mr Ravinder Kumar Khanna, Additional (Non-Executive Non-Independent) Director
Ms Shagun Kapur Gogia, Additional (Non-Executive Non-Independent) Director
Mr Ravneet Gill, Managing Director & CEO
How Yes Bank categorised under Financial Sector and Banking Industry:
The financial sector is a section that leads the world in terms of equity market capitalization and earnings. The companies that are in the economic enterprise focus mainly on managing money, as their revenue is generated mostly by the sectors from mortgage and loans that gain value as interest rates rise. Also, this industry's economy is made up of institutions and firms that provide financial services to wholesale and retail customers.
The main sectors that are into the Financial industry are,
Accounting and Bookkeeping.
Financial Markets and Planning.
Banking and General Financial Services.
Mortgage and Financial Broking.
Insurance and Superannuation.
Specialised Financial Services.
Yes Bank comes under the Private Banking industry. The banking industry is one of the active areas in India, which makes a significant portion of the growth of a country’s GDP. The banking industry in India is of great importance in Asia and also throughout the World because of its steady performance in the market.
Yes Bank Competitors and Sector Peers:
Bank of Rajasthan Ltd.[Merged] - BANOFR
Centurion Bank of Punjab Ltd.[Merged] - CENTUB
City Union Bank Ltd. - CITUNI
Dhanlaxmi Bank Ltd. - DHABAN
Federal Bank Ltd. - FEDBAN
IDFC First Bank Ltd. - IDFCB
IndusInd Bank Ltd. - INDUBA
ING Vysya Bank Ltd.[Merged] - INGVYS
Jammu & Kashmir Bank Ltd. - JAMKA
Karnataka Bank Ltd. - KARBAN
Karur Vysya Bank Ltd. - KARVYS
Kotak Mahindra Bank Ltd. - KOTAMA
Lakshmi Vilas Bank Ltd. - LAKVIL
South Indian Bank Ltd. - SOUINB
Yes Bank Contact Information:
YES BANK Tower, IFC – 2, 15th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013, India.
Sell Yes Bank; target of Rs 9: Emkay Global FinancialMoneycontrolNewsBotYesterday 3:58 AM
Yes Bank share price falls 2% despite CEO Prashant Kumar's optimismMoneycontrolNewsBotYesterday 3:33 AMNewsBotYesterday 3:18 AMNewsBotOct 26 1:53 AMNewsBotOct 26 7:51 AM
How Yes Bank recovery accelerated during Covid timesThe Economic TimesNewsBotOct 26 3:43 AM
Yes Bank share price gains after bank reports profit of Rs 129 crore in Q2MoneycontrolNewsBotOct 26 12:21 PM
Yes Bank to trim branches, ATMs and office spaces to lower costsThe Economic TimesNewsBotOct 25 8:06 AM
Yes Bank lacked cost control; aim to cut operaational expenses by 20% in FY21: CEO Prashant KumarThe Economic TimesNewsBotOct 25 7:53 AM
YES Bank lacked cost control; aim to cut operational expenses by 20% in FY21: CEO Prashant KumarMoneycontrol