YES Bank share - 10 things to know with detail
- 1. YES Bank is a private sector bank in India that was founded in 2004 by Rana Kapoor and Ashok Kapur.
- 2. The bank offers a wide range of financial products and services including retail banking, corporate banking, and investment banking.
- 3. YES Bank's shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India.
- 4. The bank has faced several challenges in recent years, including a sharp decline in its stock price and concerns about its financial health.
- 5. In March 2020, the Reserve Bank of India (RBI) took control of YES Bank and imposed a moratorium on the bank, leading to a significant drop in its share price.
- 6. The RBI subsequently approved a reconstruction plan for YES Bank that involved a consortium of banks investing in the troubled lender to help recapitalize it.
- 7. As part of the reconstruction plan, State Bank of India (SBI) acquired a 49% stake in YES Bank, becoming its largest shareholder.
- 8. Following the restructuring, YES Bank's stock price has shown some recovery but remains significantly below its peak levels.
- 9. Investors in YES Bank shares should be aware of the risks associated with investing in a troubled bank, including the possibility of further financial challenges and regulatory intervention.
- 10. The future prospects of YES Bank will depend on its ability to successfully execute its turnaround plan, strengthen its balance sheet, and regain the trust of investors and customers.