It offers wide range of banking and financial products for corporate and retail customers through retail banking and asset management services. Moral of Yes Bank collapse story: Money makes you do things you don’t want to There’s no silver-bullet solution for India’s financial sector, and to rebuild confidence, boring things need to be done. Yes Bank has been put under moratorium and may have to take a government-planned bailout. RBI has much to think about. Now the other surviving friend is running the bank but wants all name of his dead friends obliterated from the bank. Yes Bank’s exposure to Cox & Kings, again a high-risk borrower in Jefferies’ report, is Rs.13.4 billion, with only Axis Bank among its peers having lent any money (Rs.2.1 billion). One friend dies a tragic death.
A look at how the week has so far been for Yes Bank: Thursday, 29 November 2018. SBI from the state-owned segment has an exposure of Rs.6.2 billion to this entity, which is less than half of Yes Bank’s. Yes bank crisis: In a drastic turn of events,India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals In a rare case of Reserve Bank of India superseding the board of a commercial bank in recent history, the central bank has moved in to take charge of new generation private bank Yes Bank. The Yes Bank crisis was an accident waiting to happen since the global economic recession of 2008. They were Ashok Kapur, the former country head of the ABN Amro Bank, Harkirat Singh, the former country-head of the Deutsche Bank, and third partner Rana Kapoor, former corporate finance head of the ANZ Grindlays Bank. Read more about Fast growth to quick fall: The story of Yes Bank's changing fortunes on Business Standard. The Yes Bank Saga: How The Crisis Unfolded Less than 24 hours after Yes Bank was put under a moratorium, the RBI came up with a restructuring plan. Two friends and co-workers become co-brothers. India's government has been forced to rescue one of the country's biggest banks to shore up confidence in the financial system. (Express photo/Javed Raja) On March 5, the Reserve Bank of India announced that it was superseding the Yes Bank Board of Directors for a period of 30 days “owing to serious deterioration in the financial position of the Bank”. The price band for the shares has been fixed at Rs 38-45.-Yes Bank initial public offer oversold 8.27 times on day 1-The YES Bank IPO has been priced at Rs 45 per share as it received the maximum number of bids at this price. The crowd outside Yes Bank in Ahmedabad. The reason behind Yes Bank crisis and what RBI is doing Yes Bank has struggled to raise capital it needs to stay above regulatory requirements as it battles high levels of bad loans. Yes Bank will offer seven crore equity shares of Rs 10 face value through a 100 per cent book building route.

Yes Bank Limited is an Indian public bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapur in 2004. That, in short iS the current story of Yes Bank. Together, they set up a bank. The Yes Bank story began in 1999 when three successful bankers came together to float a non-banking financial company.