Yes bank was established in the year 2004 by Rana Kapoor and Ashok Kapur. It...
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Yes bank was established in the year 2004 by Rana Kapoor and Ashok Kapur. It has its headquarters in Mumbai, India, and has been providing its services all over the country and 9 union territories with a large workforce under it.
It has been acknowledged as one of the fastest-growing banks in various national rankings by renowned news outlets and global advisory firms. Yes Bank was one of the top 10 banks in India as of market capitalization in 2018. It has also earned several regional and global honors for its businesses that including Corporate Investment Banking, Treasury, Transaction Banking, and Sustainability.
The Reserve Bank of India seized control of the bank on March 5, 2020, in an attempt to prevent its collapse due to the heavy accumulation of bad loans. Since then, the board has been restructured as the former Chief Financial Officer of SBI was assigned as the new MD and CEO at Yes Bank.
It made a revenue of around 10,000 crores (US$1.4 billion) as of 2021. It had a market capitalization of about $6.12B as of 2020. It has total assets of 273,543 crores (US$36 billion) as of 2021.
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