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{{Short description|Indian bank}}
{{Use dmy dates|date=January 2014}}
{{Use Indian English|date=August 2021}}
{{Infobox company
| name = Yes Bank Limited
| logo = Yes_Bank_logo.svg
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{BSE|532648}}<br />{{NSE|YESBANK}}
| ISIN = INE528G01035
| industry = [[Banking]], [[Financial service]]s<ref name="agm2018">{{cite book |title=Annual Report 2017–18 |publisher=Yes Bank Limited |location=Mumbai |url=https://www.yesbank.in/pdf/annualreport_2017_18_pdf |access-date=14 October 2018}}</ref>
| founded = {{start date and age|df=y|2004}}
| founder = [[Rana Kapoor]]<br />Ashok Kapur<ref name="Ashok Kapur">{{cite news|title=Late Ashok Kapur |date=28 Nov 2008}}</ref>
| key_people = {{Unbulleted list
| Sunil Mehta <br />
{{small|([[Chairman]])}}
| Prashant Kumar <br />
{{small|([[Managing director|MD]] & [[CEO]])}}
}}
| products = {{Bulleted_list|[[Credit card]]s|[[Retail banking|Consumer banking]]|[[Commercial bank|Corporate banking]]|[[Financial services|Finance and insurance]]|[[Mortgage loan]]s|[[Private banking]]|[[Wealth management]]|[[Investment banking]]}}
| revenue = {{increase}} {{INRConvert|10769|c}}
| revenue_year = 2021
| operating_income = {{increase}} {{INRConvert|4977|c}}<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/financials/yesbank/consolidated-profit-lossVI/YB#YB|title=Yes Bank Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| income_year = 2021
| net_income = {{increase}} {{INRConvert|-3462|c}}<ref name="Financials"/>
| net_income_year = 2021
| assets = {{increase}} {{INRConvert|273543|c}}
| assets_year = 2021
| equity = {{decrease}} {{INRConvert|19184.87|c}}<ref name="bs">{{cite web |title=Yes Bank Balance Sheet, Yes Bank Financial Statement & Accounts |url=https://www.moneycontrol.com/financials/yesbank/consolidated-balance-sheetVI/YB#YB|website=www.moneycontrol.com |language=en}}</ref>
| equity_year = 2020
| num_employees = 23800(2021)<ref name="BalSheet">[https://www.yesbank.in/pdf/annualreport_2017_18_pdf "Balance Sheet 31.03.2018"] yesbank.in (17 March 2018).</ref>
| ratio = 17.0% <ref name="BalSheet"/>
| location = [[Mumbai]], [[Maharashtra]], [[India]]
| homepage = {{url|https://www.yesbank.in}}
}}

'''Yes Bank Limited''' is an Indian [[Private-sector banks in India|private sector bank]] headquartered in [[Mumbai]], India<ref>{{Cite web|url=https://www.yesbank.in/pdf/q1fy2019_20_press_release_cr_pdf|title=Press Release – Yes Bank }}</ref> and was founded by [[Rana Kapoor]] and Ashok Kapur in 2004.<ref>{{Cite web|url=http://www.moneycontrol.com/stocks/marketinfo/totassets/bse/banks-private-sector.html|title= Stocks in India by Net Sales, List of Top Banks – Private Sector Stocks in India (2017) – BSE|website=Moneycontrol.com|access-date=2018-04-13}}</ref>

It offers wide range of differentiated products for corporate and retail customers through [[retail banking]] and [[asset management]] services.<ref>{{cite news |title=Yes Bank board to meet Tuesday after RBI directive on Rana Kapoor’s tenure |url=https://www.livemint.com/Industry/EUp3Jqqaj7nAoKQ9cBpoyI/Yes-Bank-board-to-meet-Tuesday-after-RBI-directive-on-Rana-K.html |access-date=29 September 2018 |agency=PTI |publisher=Live Mint |date=24 September 2018}}</ref> On 5 March 2020, in an attempt to avoid the collapse of the bank, which had an excessive amount of bad loans, the [[Reserve Bank of India]] (RBI) took control of it. RBI later reconstructed the board and named Prashant Kumar, former chief financial officer and deputy managing director of [[State Bank of India]], as MD & CEO of Yes Bank, along with Sunil Mehta, former non-executive chairman of [[Punjab National Bank]], as Yes Bank’s non-executive chairman.<ref name="The Economic Times">{{Cite news|title=SBI stake in YES Bank declines to 30% after FPO|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/sbi-stake-in-yes-bank-declines-to-30-after-fpo/articleshow/77205480.cms|access-date=2021-07-02}}</ref><ref name="Live Mint">{{Cite news|title=Fund Infusion Makes YES BANK SBI's new associate bank|work=Live Mint|url=https://www.livemint.com/news/india/sbi-invested-in-yes-bank-to-maintain-financial-stability-not-for-returns-11584336935747.html|access-date=2020-03-16}}</ref><ref>{{Cite web|date=2020-03-06|title=Who is Prashant Kumar, the person in-charge of Yes Bank from today|url=https://www.financialexpress.com/industry/banking-finance/who-is-prashant-kumar-the-person-in-charge-of-yes-bank-from-today/1890801/|access-date=2021-11-06|website=The Financial Express|language=en-US}}</ref><ref>{{Cite web|last=PTI|title=Former SBI CFO Prashant Kumar Takes Charge As Yes Bank Administrator|url=https://www.bloombergquint.com/business/yes-bank-news-former-sbi-cfo-prashant-kumar-takes-charge-as-yes-bank-administrator|access-date=2021-11-06|website=BloombergQuint|language=en}}</ref>

The bank’s management under the new leadership of Kumar, immediately repositioned itself and dealt with all internal and market related challenges to restore customer and depositor confidence.<ref>{{Cite web|date=2020-09-11|title=Yes Bank Chairman Sunil Mehta assures speedy recovery, thanks RBI, SBI, HDFC Bank, ICICI Bank for lending support|url=https://www.zeebiz.com/companies/news-yes-bank-chairman-sunil-mehta-assures-speedy-recovery-thanks-rbi-sbi-hdfc-bank-icici-bank-for-lending-support-135062|access-date=2021-11-06|website=Zee Business}}</ref> Under the coordinated efforts of the new board and management, Mehta assured shareholders of speedy recovery, even as the [[Reserve Bank of India]] (RBI), [[State Bank of India]] (SBI), [[HDFC Bank]], [[ICICI Bank]], [[Axis Bank]] and other banks lent it support through a historic Yes Bank Reconstruction Scheme 2020.<ref>{{Cite news|title=Union Cabinet approves Yes Bank reconstruction plan|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/union-cabinet-approves-yes-bank-reconstruction-plan/articleshow/74611656.cms?from=mdr|access-date=2021-11-06}}</ref>

In July 2020, Yes Bank Ltd closed their [[Follow-on offering|follow-on public offer]] (FPO) with 95% subscription, driven by institutional investors.<ref>{{Cite web|first1=Swaraj Singh|last1=Dhanjal|first2=Ashwin|last2=Ramarathinam|date=2020-07-17|title=Yes Bank manages to close its FPO with 95% subscription|url=https://www.livemint.com/industry/banking/yes-bank-manages-to-close-its-fpo-with-95-subscription-11594999390733.html|access-date=2021-11-06|website=mint|language=en}}</ref>

As of 28 July 2020, Yes Bank is an associate of [[State Bank of India]] which has a 30% stake in the company.<ref>{{Cite web|date=2020-08-18|title=Yes Bank working on risk, governance after bailout: New CEO|url=https://www.livemint.com/companies/news/yes-bank-working-on-risk-governance-after-bailout-new-ceo-11597733674754.html|access-date=2021-11-06|website=mint|language=en}}</ref>

==Business==
Yes Bank has interests in Retail, MSME and [[Corporate banking]]. It has three subsidiaries – YES Securities (India) Limited, YES Trustee Limited and YES Asset Management (India) Limited.<ref>{{Cite web|title=YES BANK Annual Report FY2019-20|url=https://www.yesbank.in/pdf/annual_report_2019_2020_pdf|publisher=Yes Bank}}</ref>

As of September 2018, Yes Bank had taken [[syndicated loans]] from eight large international entities including [[Asian Development Bank|ADB]], [[Overseas Private Investment Corporation|OPIC]], [[European Investment Bank|European investment bank]], banks in [[Taiwan]] and [[Japan]] for amounts ranging from US$30 million to US$410 million.<ref>{{cite press release|title=OPIC Signs Loan Agreement with Yes Bank to Support Small Business Growth in India|url=https://www.opic.gov/press-releases/2015/opic-signs-loan-agreement-yes-bank-support-small-business-growth-india|access-date=29 September 2018|publisher=OPIC}}</ref><ref>{{cite web|title=Investor presentation 2018–19|url=https://www.yesbank.in/pdf/yes_bank_investors_ppt_q1fy18_19_inr|access-date=29 September 2018|publisher=Yes Bank}}</ref>

It also partnered with the US government based OPIC and with Wells Fargo to support women entrepreneurs.<ref>{{cite press release|title=Yes Bank partners with OPIC and Wells Fargo to Support Financing of Women Entrepreneurs and SMEs|url=https://www.yesbank.in/media/press-releases/yes-bank-partners-with-opic-and-wells-fargo-to-support-financing-of-women-entrepreneurs-and-smes|access-date=29 September 2018|publisher=OPIC}}</ref>

Yes Bank provides (UPI) [[Unified Payments Interface]] facility to allow customers to easily and securely perform various financial transactions from their mobile devices via third party app providers like PhonePe and Yuva Pay.<ref>{{Cite web|title=Yes Bank's turmoil leads to chaos in digital payments world|url=https://www.newindianexpress.com/business/2020/mar/06/yes-banks-turmoil-leads-to-chaos-in-digital-payments-world-2113206.html|access-date=2020-03-06|website=The New Indian Express}}</ref><ref>{{Cite web|title=Digital Banking - Payment Solution - UPI|url=https://www.yesbank.in/digital-banking/payment-solutions/upi|publisher=Yes Bank}}</ref>

According to the data shared by NPCI (National Payments Corporation of India), Yes Bank processed 25.94 million transactions amounting to INR 14811.73 crores through its own UPI app in July 2021.<ref>{{Cite web|title=UPI Ecosystem Statistics |publisher=National Payments Corporation of India|url=https://www.npci.org.in/what-we-do/upi/upi-ecosystem-statistics|access-date=2021-11-13}}</ref><ref>{{Cite web|title=List of Third Party App Providers supported by YES BANK|url=https://www.yesbank.in/pdf/upi_tpap_website_v1_pdf|publisher=Yes Bank}}</ref>

Yes Bank acquired over 24.19% stake in Dish TV, India’s largest direct-to-home (DTH) company in terms of subscribers, on 30 May 2020.<ref>{{Cite news|last=Laghate|first=Gaurav|title=YES Bank acquires 24% in Dish TV by invoking share pledges|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/yes-bank-acquires-24-in-dish-tv-by-invoking-share-pledges/articleshow/76108625.cms?from=mdr|access-date=2021-11-13}}</ref>

==Listings==
Yes Bank has equities listed on the [[Bombay Stock Exchange]] and the [[National Stock Exchange of India]] and bonds listed on the [[London stock exchange]]. Yes Bank was listed in the stock exchanges of India after its [[Initial public offering|IPO]] in June 2005 at a face value of {{INR|10}} and an issue price of {{INR|35}}.<ref>{{cite web|url=http://economictimes.indiatimes.com/yes-bank-ltd/ipos/companyid-16552.cms|title=YES Bank IPO: Offer & Issue Details|work=The Economic Times|access-date=14 October 2017}}</ref><ref>{{Cite web|title=YES Bank IPO Review - YES Bank IPO Dates, Issue Price, Subscription and Allotment Status|url=https://economictimes.indiatimes.com/yes-bank-ltd/ipos/companyid-16552.cms|access-date=2021-11-06|website=The Economic Times}}</ref>

==Shareholding Pattern==
As of March 2018, as per its annual shareholders' report, the three largest shareholders of Yes Bank Ltd. were foreign portfolio investors (43%), insurance companies (14%), and Mutual Funds including UTI (10%).<ref>{{cite news |last1=Laghate |first1=Gaurav |last2=Shukla |first2=Saloni |title=Yes Bank may find it tough to recover Dish promoter dues |url=https://economictimes.indiatimes.com/markets/stocks/news/yes-bank-may-find-it-tough-to-recover-dish-promoter-dues/articleshow/76128305.cms |work=The Economic Times |date=1 June 2020}}</ref><ref>{{cite web |title=Investor presentation 2018 |url=https://www.yesbank.in/pdf/yes_bank_investors_ppt_q1fy18_19_inr |publisher=Yes Bank |access-date=29 September 2018}}</ref>

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 (8%), Mags Finvest Pvt. Ltd. (2%), and [[LIC India]] under its various schemes (10%).<ref>{{cite web |title=Share holding pattern as on 30 June 2018 |url=https://www.yesbank.in/pdf/shareholding_pattern_as_on_june_30_2018 |publisher=Yes Bank |access-date=29 September 2018}}</ref>

On March 2020, [[State Bank of India]] invested {{INRConvert|7250|c|year=2020}} in Yes Bank amid a financial crisis and holds 30% stake in the company as of 28 July 2020.<ref>{{cite news |last1=Rebello |first1=Joel |title=YES Bank takes first step to share sale |url=https://economictimes.indiatimes.com/markets/stocks/news/yes-bank-takes-first-step-to-share-sale/articleshow/76160293.cms |work=The Economic Times |date=2 June 2020}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/news/sbi-to-buy-yes-bank-shares-worth-rs-725-crore-at-rs-10-apiece/articleshow/74593789.cms|title=SBI to buy YES Bank shares worth Rs 7,250 crore at Rs 10 apiece|work=[[The Economic Times]]|date=2020-03-12|access-date=2020-03-12}}</ref><ref name="The Economic Times"/>

==Recent developments==
Under the new management, Yes Bank has managed to overhaul its risk and governance frameworks while saving itself from reputational risks. The liquidity profile of the bank is well above the required regulatory norms.<ref>{{Cite web|agency=PTI|date=18 August 2020|title=Yes Bank CEO: Yes Bank committed to culture of accountability; working on risk, governance after bailout |url=https://timesofindia.indiatimes.com/business/india-business/yes-bank-committed-to-culture-of-accountability-working-on-risk-governance-after-bailout-new-ceo/articleshow/77608087.cms|access-date=2021-11-08|website=The Times of India|language=en}}</ref>

In June 2021, the board approved INR 10,000 crore worth of fundraising by issuance of debt securities.<ref>{{Cite web|last=Gopakumar|first=Gopika|date=2021-06-10|title=Yes Bank board approved fund raising of Rs10,000 cr by issue of debt securities|url=https://www.livemint.com/industry/banking/yes-bank-board-approved-fund-raising-of-rs10-000-cr-by-issue-of-debt-securities-11623331377055.html|access-date=2021-11-08|website=mint|language=en}}</ref>

In financial year 2020-21, Yes Bank saw a marked rise in deposits at 55% and operating profits at 42% year on year. The recapitalization drive at the bank generated ₹15,000 crore via follow-on public offers in July 2020.<ref>{{Cite web|title=YES Bank to disburse ₹10,000-crore retail, MSME loans in Q3|url=https://www.thehindubusinessline.com/money-and-banking/yes-bank-to-disburse-10000-crore-retail-msme-loans-in-q3/article33222817.ece|access-date=2021-11-08|website=@businessline|language=en}}</ref> Yes Bank continues to focus on digital payments, concentrating on its market share in UPI and IMPS transactions while it plans to disburse ₹10,000 crore in retail and [[MSME]] loans in Q3 of FY21.<ref>{{Cite web|title=YES Bank Grows Deposits, Loan Book; Optimistic About Future|url=https://www.moneycontrol.com/news/trends/features/yes-bank-grows-deposits-loan-book-optimistic-about-future-6982601.html|access-date=2021-11-08|website=Moneycontrol|language=en}}</ref>

In September 2020, ICRA upgraded its ratings on securities issued by Yes Bank Ltd, factoring in various positive developments in the bank’s financial profile.<ref>{{Cite web|last=Nair|first=Vishwanath|title=ICRA Upgrades Yes Bank On Improved Financial Profile|url=https://www.bloombergquint.com/business/icra-upgrades-yes-bank-on-improved-financial-profile|access-date=2021-11-08|website=BloombergQuint|language=en}}</ref> Infrastructure bonds and Basel II compliant lower tier II bonds were raised to ‘BBB’ from ‘BB+’. Basel III compliant tier II bonds were upgraded to ‘BBB-’ from ‘BB’. Basel II compliant tier I bonds and upper tier II bonds were upgraded to ‘BB’ from a default rating previously.<ref>{{Cite web|last=Nair|first=Vishwanath|title=Moody’s Upgrades Yes Bank’s Rating After FPO|url=https://www.bloombergquint.com/business/moodys-upgrades-yes-bank-rating-after-fpo|access-date=2021-11-08|website=BloombergQuint|language=en}}</ref>

In August 2020, Moody’s too had raised Yes Bank’s long term issuer rating by a notch to B3 from Caa1.<ref>{{Cite web|date=2020-08-03|title=Moody's upgrades Yes Bank to B3 following equity capital raising; outlook stable|url=http://www.moodys.com:18000/research/Moodys-upgrades-Yes-Bank-to-B3-following-equity-capital-raising--PR_429088|access-date=2021-11-08|website=Moodys.com|language=en}}</ref> In November 2020, CARE Ratings revised its rating on the YES Bank’s infrastructure bonds to 'CARE BBB' from the previous 'CARE B'.<ref>{{Cite web|title=Yes Bank Limited|publisher=Care Ratings|url=https://www.careratings.com/corporate-profile.aspx?Id=V80Mm9rma4KDvHikPmx8RQ==|access-date=2021-11-08}}</ref> It also revised its outlook to 'Stable' from the previous ‘Under credit watch with developing implications’ on the above-mentioned instruments. Yes Bank's Upper Tier II Bonds and Perpetual Bonds (Basel II) received a revised rating of 'CARE BB+' from previous 'CARE D'.<ref>{{Cite web|title=YES Bank Shares Hit 5% Upper Circuit As CARE Upgrades Debt Instrument Rating|url=https://www.moneycontrol.com/news/business/stocks/yes-bank-shares-hit-5-upper-circuit-as-care-upgrades-debt-instrument-rating-6096541.html|access-date=2021-11-08|website=Moneycontrol|language=en}}</ref>

In September 2016, Yes Bank scrapped its proposed $1 billion share sale due to market conditions.<ref>{{cite news|url=http://economictimes.indiatimes.com/markets/stocks/news/yes-bank-says-no-to-share-sale-after-scrip-tanks/articleshow/54190552.cms|title=Yes Bank says no to share sale after scrip tanks|date=9 September 2016|access-date=14 October 2017|newspaper=[[The Economic Times]]}}</ref><ref>{{cite news|url=http://economictimes.indiatimes.com/markets/stocks/news/yes-banks-opportunism-is-to-blame-for-failed-share-sale/articleshow/54253558.cms|title=Yes Bank's opportunism is to blame for failed share sale|date=10 September 2016|access-date=14 October 2017|newspaper=[[The Economic Times]]}}</ref> The company subsequently attempted to relaunch its failed capital raising exercise after appointing a new set of bankers.<ref>{{cite web|url=http://www.business-standard.com/article/finance/yes-bank-may-appoint-new-i-banks-for-qip-116102000742_1.html|title=Yes Bank may appoint new i-banks for QIP|first1=Samie|last1=Modak|first2=Nupur|last2=Anand|date=20 October 2016|access-date=14 October 2017|work=[[Business Standard]]}}</ref>

In October 2017, the bank launched a [[digital wallet]] known as Yes Pay, integrating with [[BHIM]] and UPI.<ref>{{Cite news|url=http://www.financialexpress.com/money/yes-bank-bhim-yes-pay-wallet-unveiled-indiastack-apis-and-npci-products-now-integrated-see-how-you-benefit/912484/|title=Yes Bank Bhim Yes Pay wallet unveiled; IndiaStack APIs and NPCI products now integrated, see how you benefit|date=2017-10-30|work=The Financial Express|access-date=2018-04-11|language=en-US}}</ref> On 3 November 2017, Yes Bank signed a [[MoU]] with the [[Government of India|government]] to provide {{INRConvert|1000|c|year=2017}} financing for food processing projects.<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-signs-mou-with-govt-for-rs-1000-cr-financing/articleshow/61485872.cms|title=Yes Bank signs MoU with govt for Rs 1,000 cr financing|date=3 November 2017|access-date=11 April 2018|newspaper=[[The Economic Times]]}}</ref>

=== 2020 moratorium ===
On 5 March 2020, the [[Reserve Bank of India]] (RBI) announced that, in the interest of its customers and depositors, it would suspend and supersede Yes Bank's board and impose a 30-day moratorium on its operations. The RBI cited Yes Bank's failures to raise new funding to cover its [[Non-performing loan|non-performing assets]], inaccurate statements of confidence in its ability to receive new funding, and its underreporting of its non-performing assets, among other factors, as the reasons for the moratorium.<ref name=":0" />

During this period, Yes Bank customers could withdraw only up to {{INRConvert|50|k}} from their accounts for the following one month, except in certain situations like medical treatment, emergencies, higher education costs and obligatory expenses for ceremonies such as weddings (subject to RBI’s approval).<ref name=":1" />

RBI governor [[Shaktikanta Das]] stated that the matter would be resolved swiftly; [[Minister of Finance (India)|Finance Minister]], [[Nirmala Sitharaman]] announced a proposed turnaround plan under which the [[State Bank of India]] would take a 49% stake in Yes Bank and introduce a new board.<ref>{{Cite web|url=https://www.indiatoday.in/business/story/yes-bank-crisis-rbi-sbi-invest-withdrawal-limit-reason-full-roundup-developments-1653193-2020-03-06|title=Yes Bank crisis: From what happens to my money to will SBI be saviour, all that has happened|website=India Today|language=en|access-date=2020-03-06}}</ref><ref name=":0">{{Cite web|url=https://www.newindianexpress.com/business/2020/mar/06/here-is-all-you-need-to-know-about-the-yes-bank-moratorium-2113138.html|title=Here is all you need to know about the Yes Bank moratorium|website=The New Indian Express|access-date=2020-03-06}}</ref><ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-withdrawal-limit-capped-at-rs-50000/articleshow/74498382.cms|title=Yes Bank withdrawal limit capped at Rs 50,000; RBI supersedes board|date=2020-03-06|work=The Economic Times|access-date=2020-03-06}}</ref><ref>{{Cite web|url=https://www.indiatoday.in/business/story/yes-bank-withdrawal-limit-exceptions-1653068-2020-03-06|title=Yes Bank withdrawals capped at Rs 50,000. Do these exceptions apply to you?|website=India Today|language=en|access-date=2020-03-06}}</ref>

The moratorium disrupted multiple e-commerce services whose users were struggling to make online transactions or use popular payment services like UPI.<ref>{{Cite web|title=India’s Yes Bank breakdown disrupts Walmart’s PhonePe among a dozen other services|url=https://social.techcrunch.com/2020/03/06/indias-yes-bank-breakdown-disrupts-walmarts-phonepe-among-a-dozen-other-services/|access-date=2021-11-15|website=TechCrunch|language=en-US}}</ref><ref>{{Cite web|title=Here is all you need to know about the Yes Bank moratorium|url=https://www.newindianexpress.com/business/2020/mar/06/here-is-all-you-need-to-know-about-the-yes-bank-moratorium-2113138.html|access-date=2021-11-15|website=The New Indian Express}}</ref><ref>{{Cite web|title=India’s Yes Bank breakdown disrupts Walmart’s PhonePe among a dozen other services|url=http://social.techcrunch.com/2020/03/06/indias-yes-bank-breakdown-disrupts-walmarts-phonepe-among-a-dozen-other-services/|access-date=2020-03-06|website=TechCrunch|language=en-US}}</ref>

Almost two weeks later (12 days), the bank came out of the moratorium and resumed full-fledged banking operations from 18 March 2020. This came after a consortium of eight public and private banks, led by State Bank of India, agreed to infuse capital into Yes Bank. And barely nine months after the imposition of the moratorium, Yes Bank was on the road to recovery. The bank’s operating profits and recoveries were sufficient to provide for credit costs and it would not need to consume capital for further operations.<ref>{{Cite web|date=2020-12-24|title=We believe can recover 50% of Rs 40,000-crore bad loans: Prashant Kumar, MD and CEO, YES Bank|url=https://www.financialexpress.com/industry/banking-finance/we-believe-can-recover-50-of-rs-40000-cr-bad-loans/2156185/|access-date=2021-11-15|website=The Financial Express|language=en-US}}</ref><ref>{{Cite news|date=2021-04-05|title=Yes Bank deposits increase 54% YoY in Q4|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/yes-bank-deposits-increase-54-yoy-in-q4-121040500214_1.html|access-date=2021-11-15}}</ref>

On 13 March 2020, the Union Cabinet approved the reconstruction scheme for Yes Bank, stating that within three days of the notification of the scheme, the moratorium would be lifted.<ref>{{Cite web|title=Cabinet approves reconstruction scheme for Yes Bank: FM Sitharaman|url=https://www.moneycontrol.com/news/business/cabinet-approves-reconstruction-scheme-for-yes-bank-fm-sitharaman-5030711.html|access-date=2020-03-13|website=Moneycontrol|language=en-US}}</ref> During this reconstruction, seven investors infused {{INRConvert|12000|c|year=2020}} in Yes bank and Prashant Kumar was proposed as new CEO of the bank. These investors include [[State Bank of India]], [[ICICI Bank]], [[HDFC Bank]], [[Axis Bank]], [[Kotak Mahindra Bank]], [[Rakesh Jhunjhunwala]], [[Radhakishan Damani]] and [[Azim Premji]] trust.<ref>{{Cite news|last=Shukla|first=Saloni|last2=Rebello|first2=Joel|date=13 March 2020|title=Seven investors join SBI to put over Rs 12,000 cr into Yes Bank; Prashant Kumar proposed as new CEO|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/seven-investors-join-sbi-to-put-over-rs-12000-cr-into-yes-bank-prashant-kumar-proposed-as-new-ceo/articleshow/74603685.cms|url-status=live|access-date=12 April 2021|archive-url=https://web.archive.org/web/20210304132828/https://economictimes.indiatimes.com/industry/banking/finance/banking/seven-investors-join-sbi-to-put-over-rs-12000-cr-into-yes-bank-prashant-kumar-proposed-as-new-ceo/articleshow/74603685.cms|archive-date=4 March 2021}}</ref>

On 6 March 2020, [[ICRA Limited|ICRA]] downgraded the [[Bond credit rating|rating]] of Yes Bank's {{INRConvert|52600|c|year=2020}} in core bonds to a "D" rating, while [[Moody's]] downgraded them to "Caa3".<ref>{{Cite news|date=6 March 2020|title=Moody’s lowers YES Bank rating to ‘Caa3’ from ‘B2’|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/moodys-lowers-yes-bank-rating-to-caa3-from-b2/articleshow/74516990.cms|url-status=live|access-date=12 April 2021|archive-url=https://web.archive.org/web/20210412171717/https://economictimes.indiatimes.com/markets/stocks/news/moodys-lowers-yes-bank-rating-to-caa3-from-b2/articleshow/74516990.cms|archive-date=12 April 2021}}</ref><ref>{{Cite news|date=6 March 2021|title=Icra downgrades YES Bank’s Rs 52,600 crore bonds to ‘default’|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/icra-downgrades-yes-banks-rs-52600-crore-bonds-to-default/articleshow/74514255.cms|url-status=live|access-date=12 April 2021|archive-url=https://web.archive.org/web/20210113142255/https://economictimes.indiatimes.com/markets/stocks/news/icra-downgrades-yes-banks-rs-52600-crore-bonds-to-default/articleshow/74514255.cms|archive-date=13 January 2021}}</ref> On 8 March 2020, Yes Bank founder Rana Kapoor was arrested by the [[Enforcement Directorate]] under charges of [[money laundering]].<ref>{{Cite web|url=https://zeenews.india.com/companies/yes-bank-founder-rana-kapoor-arrested-by-ed-in-money-laundering-case-2268416.html|title=Yes Bank founder Rana Kapoor arrested by ED in money laundering case|date=2020-03-08|website=Zee News|language=en|access-date=2020-03-08}}</ref>

In April 2021, India’s market regulator [[Securities and Exchange Board of India|SEBI]] ([[Securities and Exchange Board of India]]) proposed a fine of {{INRConvert|25|c|year=2021}} on Yes Bank Ltd., stating it had fraudulently sold certain risky bonds without the necessary warnings and risk assessments.<ref>{{Cite news|date=12 April 2021|title=SEBI fines Yes Bank for fraudulent sale of riskier bonds|language=en|work=Reuters|url=https://www.reuters.com/article/india-sebi-yes-bank-idUSKBN2BZ1TB|url-status=live|access-date=12 April 2021|archive-url=https://web.archive.org/web/20210412171320/https://www.reuters.com/article/india-sebi-yes-bank-idUSKBN2BZ1TB|archive-date=12 April 2021}}</ref><ref>{{Cite news|date=2021-04-12|title=SEBI fines Yes Bank for fraudulent sale of riskier bonds|language=en|work=Reuters|url=https://www.reuters.com/article/india-sebi-yes-bank-idUSKBN2BZ1TB|access-date=2021-11-15}}</ref> In May 2021, the Securities Appellate Tribunal (SAT) imposed an interim stay on SEBI's order.<ref>{{Cite web|last=Kaul|first=Abhinav|date=2021-05-24|title=SAT stays Sebi penalty order in Yes Bank case|url=https://www.livemint.com/industry/banking/sat-imposes-interim-stay-on-sebi-penalty-order-in-yes-bank-at-1-case-11621847396057.html|access-date=2021-07-02|website=mint|language=en}}</ref>

==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]

==References==
{{Reflist}}

==External links==
* [http://www.yesbank.in/ Official Website]

{{Banking in India}}
{{SBI}}
{{HDFC Group}}
{{Nifty 200 companies}}
{{Authority control}}

[[Category:Banks based in Mumbai]]
[[Category:Banks established in 2003]]
[[Category:2005 initial public offerings]]
[[Category:Yes Bank]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Yes Bank - Revision history

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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	* [[Banking in India]]		* [[Banking in India]]
	* [[List of banks in India]]		* [[List of banks in India]]