Yes Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra. Founded in 2004, it provides a range of banking and financial services to retail, corporate, and institutional customers across India. The bank is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
| Type | Private sector bank |
|---|---|
| Industry | Banking, financial services |
| Founded | 2004 |
| Founders | Rana Kapoor and Ashok Kapur |
| Headquarters | Mumbai, Maharashtra, India |
| Country of origin | India |
| Listings | BSE, NSE |
Yes Bank was incorporated in 2003 and received its banking licence from the Reserve Bank of India in 2004. It was promoted by Rana Kapoor and Ashok Kapur, both of whom had prior experience in the Indian financial services sector. The bank positioned itself in its early years as a corporate-focused lender, gradually expanding into retail banking, small and medium enterprise lending, transaction banking, and wealth management.
After receiving its licence, Yes Bank commenced operations and steadily built a branch network across major Indian cities. Through the 2000s and 2010s, the bank grew its loan book aggressively, particularly in corporate and infrastructure lending, and developed services in digital banking and capital markets advisory.
Following the death of co-founder Ashok Kapur in the 2008 Mumbai terror attacks, Rana Kapoor continued as the chief executive and managing director of the bank. The Reserve Bank of India later declined to extend Kapoor's term as managing director and chief executive, and Ravneet Gill was appointed to the role in 2019.
In March 2020, the Reserve Bank of India placed Yes Bank under a moratorium, citing concerns about its financial position and asset quality. A reconstruction scheme was subsequently implemented under which the State Bank of India led a consortium of Indian banks and financial institutions—including ICICI Bank, HDFC, Axis Bank, Kotak Mahindra Bank, Federal Bank, Bandhan Bank, and IDFC First Bank—to invest in the bank and stabilise its operations. As part of the reconstruction, Prashant Kumar, a former senior official of the State Bank of India, was appointed managing director and chief executive officer.
Following the reconstruction, Yes Bank focused on cleaning up its balance sheet, raising capital, and rebuilding its retail and small business franchise. In subsequent years, the bank attracted strategic investment from international private equity investors, and Japan's Sumitomo Mitsui Banking Corporation later emerged as a significant shareholder.
Yes Bank operates a network of branches and ATMs across India, along with digital banking platforms. Its business segments include:
Yes Bank is considered one of the notable new-generation private sector banks established in India after the liberalisation-era reforms. The 2020 reconstruction is regarded as a significant episode in Indian banking regulation, as it involved a coordinated rescue led by domestic financial institutions under the supervision of the Reserve Bank of India.