Yes Bank

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Yes Bank Limited
Public
Traded asBSE532648
NSEYESBANK
IndustryBanking, Financial services[1]
Founded2004; 15 years ago (2004)
FounderRana Kapoor
Ashok Kapur
HeadquartersMumbai, Maharashtra, India.
Key people
Brahm Dutt
(Chairman (interim))[2][3]
Rana Kapoor
(MD & CEO)
ProductsCredit cards, Consumer banking, Corporate banking, Finance and Insurance, Mortgage loans, Private banking, Wealth management, Investment banking
RevenueIncrease25,491 crore (US$3.5 billion) (2018)[4]
Increase6,194 crore (US$860 million) (2018)[4]
Increase4,224 crore (US$590 million) (2018)[4]
Total assetsIncrease301,390 crore (US$42 billion) (2018)[4]
Number of employees
18,238 (2018)[4]
Capital ratio17.0% [4]
Websitewww.yesbank.in

Yes Bank Limited is India's fourth largest private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004.[5] It primarily operates as a corporate bank, with retail banking and asset management as subsidiary functions.[6]

Core businesses[edit]

Yes bank limited derives most of its revenues through arranging syndicated loans and through corporate banking. It operates as three entities - Yes Bank, Yes Capital and Yes asset management services.[7] As per the banks website and information published, these are bifurcated as[8]:

  • Corporate and Institutional Banking[9]
  • Commercial Banking
  • Investment Banking[10][11]
  • Corporate Finance[12]
  • Financial Marketing[13]
  • Retail Banking[14]

As of September 2018, Yes bank had taken syndicated loans from eight large international entities including ADB, OPIC, European investment bank, banks in Taiwan and Japan for amounts ranging from US$ 30 Millon to US$ 410 Millon, which it in turn lends to small and medium scale enterprises as well as large corporates. It has also both taken as well as given short term loans to a number of retail and corporate banks in Taiwan, Japan, USA and Europe.[15][16] It has a strategic partnership with the US government based OPIC and with Wells Fargo.[17]

Operations[edit]

As on 31 December 2017, Yes bank had 1050 branches and 1724 ATMs in India. It had a balance sheet size of ₹ 250,000 crore and Gross NPA of 1.72%, making it the fourth largest private sector bank in India.[18]

Listings[edit]

Yes Bank is listed on the Bombay Stock Exchange, National Stock Exchange of India as well as London stock exchange. Yes bank was listed in the stock exchanges of India post its IPO in May 2005 at an issue price of Rs.45.[19]

Shareholding pattern[edit]

As of March 2018, as per its annual shareholders report, the three largest share holders of Yes bank limited were foreign portfolio investors (43%), insurance companies (14%) and Mutual funds including UTI (10%).[20]

Smaller (less than 5%) shareholdings were owned by its three promoters Rana Kapoor (4%), YES Capital India Pvt. ltd. (3%) and Morgan credits pvt. ltd. (3%) and other investors including Madhu Kapur (sic.) (8%), Mags finvest pvt. ltd. (2%), LIC India under its various schemes (9.7%), Birla sunlife trustee company pvt. ltd (3%). LIC India owned 9.7% of YES Bank under its various schemes.[21] YES bank limited operates under three distinct entities - YES bank, YES capital and YES asset management.[22]

Shareholders (as on 31-Mar-2016) Shareholding[23]
Promoter Group 21.91%
Foreign Institutional Investors (FII) 41.25%
Insurance Companies 12.76%
Banks/Financial Institutions/Mutual Funds/UTI 11.5%
Others 12.58%
Total 100.0%

Recent developments[edit]

In September 2016, Yes bank scrapped its proposed $1bn share sale due to market conditions.[24] The pull out of the deal caused all round embarrassment as miscommunication and misunderstanding among various players led to a round of public blame game among various participants.[25] The company subsequently attempted to relaunch its failed capital raising exercise after appointing a new set of bankers.[26]

On 3 November 2017, Yes Bank signed a MoU with the government to provide Rs 1,000 crore financing for food processing projects.[27] Subsequent to the demonetization fiasco in India, Yes bank tried foraying into e-wallets with "BHIM YES PAY" in collaboration with India Stack APIs and National Payment Corporation of India (NPCI)[28]

On 1 February 2018, Yes Bank Signs MoU with Assam Rifles for offering banking solutions to defense personnel.[29]

Awards and recognition[edit]

  • Yes Bank, received “India’s Fastest Growing Bank of the Year” award at the Bloomberg UTV Financial Leadership Awards 2011[30]
  • Bank of the Year India, The Banker London - 2015 [31]

See also[edit]

References[edit]

  1. ^ Annual report - 2017-18. Mumbai: Yes Bank Limited. Retrieved 14 October 2018.
  2. ^ "Mr.Dutt as interim chairman". livemint. Retrieved 2018-12-14.
  3. ^ "ashok chawla steps down as chairman". www.moneycontrol.com.
  4. ^ a b c d e f "Balance Sheet 31.03.2018" yesbank.in (17 March 2018).
  5. ^ "Top Banks - Private Sector Companies in India, Top Banks - Private Sector Stocks in India by Net Sales, List of Top Banks - Private Sector Stocks in India {2017} - BSE". Moneycontrol.com. Retrieved 2018-04-13.
  6. ^ "Yes Bank board to meet Tuesday after RBI directive on Rana Kapoor's tenure". Live Mint. PTI. 24 September 2018. Retrieved 29 September 2018.
  7. ^ "Investors conference call transcript". Official transcript. Yes bank. Retrieved 29 September 2018.
  8. ^ ""YES Bank Limited Q3 FY18 Results Conference Call" - January 2018". Official transcript. Yes bank. Retrieved 29 September 2018.
  9. ^ "Can YES Bank, India's Youngest and Fastest-growing Bank, Be a Model for Newer Entrants?". Wharton - University of Pennysylvania. 1 February 2012. Retrieved 23 February 2014.
  10. ^ "YES Bank's growth trajectory remains intact, valuations cheap". Economic Times. 20 February 2012. Retrieved 23 February 2014.
  11. ^ "Yes Bank not to hive off i-banking arm". Business Standard. 13 August 2009. Retrieved 23 February 2014.
  12. ^ "'Yes' to Change:Rana Kapoor". CIO.in. Retrieved 23 February 2014.
  13. ^ "New-generation banks like Yes Bank, IndusInd Bank, Kotak Mahindra Bank gain market share on higher rates". Times of India. 27 May 2010. Retrieved 23 February 2014.
  14. ^ "YES Bank to expand retail banking". Business Standard. 12 May 2010. Retrieved 23 February 2014.
  15. ^ "OPIC Signs Loan Agreement with Yes Bank to Support Small Business Growth in India". Press release. OPIC. Retrieved 29 September 2018.
  16. ^ "Investor presentaiton 2018-19". www.yesbank.in. YES bank. Retrieved 29 September 2018.
  17. ^ "Press release - YES BANK partners with OPIC and Wells Fargo to Support Financing of Women Entrepreneurs and SMEs". OPIC press release. OPIC. Retrieved 29 September 2018.
  18. ^ "Annual Report 2012-13". Yes Bank. Retrieved 23 February 2014.
  19. ^ "YES Bank IPO: Offer & Issue Details - The Economic Times". Economictimes.indiatimes.com. Retrieved 14 October 2017.
  20. ^ "Investor presentation 2018". Yes bank official website. Yes bank. Retrieved 29 September 2018.
  21. ^ "Share holding pattern as on 30 June 2018". official website. Yes bank. Retrieved 29 September 2018.
  22. ^ Annual shareholder report 2017-18. Mumbai: YES Bank. Retrieved 29 September 2018.
  23. ^ "Annual Report 2016-17". Yes Bank. Retrieved 11 April 2018.
  24. ^ "Yes Bank says no to share sale after scrip tanks". The Economic Times. 9 September 2016. Retrieved 14 October 2017.
  25. ^ "Yes Bank's opportunism is to blame for failed share sale". The Economic Times. 10 September 2016. Retrieved 14 October 2017.
  26. ^ Anand, Samie Modak & Nupur (20 October 2016). "YES Bank may appoint new i-banks for QIP". Business Standard. Retrieved 14 October 2017.
  27. ^ "Yes Bank signs MoU with govt for Rs 1,000 cr financing". The Economic Times. 3 November 2017. Retrieved 11 April 2018.
  28. ^ "YES Bank Bhim Yes Pay wallet unveiled; IndiaStack APIs and NPCI products now integrated, see how you benefit". The Financial Express. 2017-10-30. Retrieved 2018-04-11.
  29. ^ "YES BANK SIGNS MOU WITH ASSAM RIFLES FOR OFFERING BANKING SOLUTIONS TO DEFENCE PERSONNEL" (PDF). Assam Rifles. 8 February 2018. Retrieved 11 April 2018.
  30. ^ "Archived copy". Archived from the original on 21 April 2017. Retrieved 6 December 2016.
  31. ^ "Banking Awards & Recognitions - About YES BANK". Yesbank.in. Retrieved 2016-11-04.

External links[edit]