YES BANK

It's establishment in 2004, YES BANK has developed into a 'Full Service Commercial Bank' providing a complete range of digital offerings, catering to corporate, MSME & retail clients, powered by products, services and technology.





YES BANK conducts its Investments Banking, Merchant Banking and Brokerage operations through YES SECURITIES and its Mutual Funds operations through YES Asset Management (India) Limited, both wholly owned Bank subsidiaries. Headquartered in Mumbai, it has pan-India presence in all pf India's 28 states and 9 Union Territories including an IBU at GIFT City, and a representative office in Abu Dhabi.



Here's All You Need To Know Yes Bank Crisis

On Thursday, when India's Reserve Bank declared that customers of Yes Bank will not be allowed to withdraw anything except Rs 50,000 (except in extreme circumstances), there was a lot of panic, with even Nifty Bank Indices fall around 1,013 (3.52%) points on Friday trading hours.





Yes Bank Stock Price Last One Year

But, exactly what happened at Yes Bank? How did a bank once considered a six sigma bank end up in this situation? We look at the Bank's timeline.Rana Kapoor and Ashok Kapur build Yes Bank. Though Ashok Kapur is more conservative, Rana Kapoor is the more aggressive of the two.With the global recession the world is facing and economic crisis. Markets enter panic mode. Although India weathered it during this period however, a lot of loans were easily given to companies that appeared to be able to return the capital, but eventually could not.Ashok Kapur is killed the terror attack on 26/11 Mumbai.Yes Bank starts offering loans to both businesses and individuals. According to a study from Outlook Money in 2019, "If nobody is going to give you money, Rana Kapoor is sure to. Many an industrialist has lived with this unshakable belief for a greater part of the last decade or more. "Those who took the bank loan were required to pay an upfront fee, which was in effect used to operate the bank.The Government of India, Prime Minister Mr. Narendra Modi is declared demonetization. Put a blanket ban on notes between Rs 500 and Rs 1,000. Replaces it with 2,000 Rs notes and 500 notes. RBI is also commencing to introduce new currency notes. People return their old notes to RBI. RBI realizes, however, that the number of notes issued by them is not commensurate with the number of notes returned.Yes Bank seeks RBI nod to extend the period of Rana Kapoor until April 2019.Yes Bank appoints Korn Ferry, an advisory firm to appoint at new CEO.RBI refuses to extend Kapoor's term.Ashok Chawla, Vasant Gujrathi step down from the board.Yes Bank's rating goes down following the rating agency Moody's analysis.Ranveet Gills takes over as MD and CEO of Yes Bank.Yes Bank comes under Sebi inspection over insider trading.Yes Bank is to collect as much as 3,000 crore Rs in talks with private equity firms Advent International and Apax Partners.Yes Bank shares slump 19 percent.Rana Kapoor sells 2.80 percent stake in Yes Bank.The Government of India has approved a plan to create a consortium for the State Bank of India to buy a stake in the debt-ridden private bank.Actually over 11 lakh people hold stocks with us in their demat account. The current market downturn has been very sharp (especially in mid-cap and small-cap) and has hurt most of our portfolios. Although wealth loss has occurred across the board, one companies stand out not only in lost value, but also in the number of people affected Yes Bank.Close to 3 lakh people hold Yes Bank with an unrealized loss of 40 percent, over 2 lakh people hold Yes Bank with loss of more than 35 percent.Here is the last year's Yes Bank chart with the number of people who hold Yes Bank shares the stock at different dates.Thanks to VCs/PEs, we've been given countless discounts and freebies driving business to do whatever they can to grow fast. This has usually put more money in everybody's pocket which is good thing. But, in trading business, if a stock price is down and it seems like it's a cheap buy, chances are, it will start to get cheaper. The best way to trade is to buy well-doing stocks, and sell them higher as they rise.Averaging down means trying to buy a stock on its way down to reduce the average selling price in hopes of turning losses into gains with a lower market price increase.This is the biggest single mistake not only made by new traders but also the seasoned traders. 3 lakh people who currently hold Yes Bank bought the stock at least 4 different times on average, mostly on the way down given how the stock price behaved in the last year. Yeah, averaging down might have succeeded several times, but the problem with this downward averaging approach is that one bad trade is enough to wipe out all previous earnings and more.Only spend money you can afford to lose absolutely, where you are willing to keep it for ever, where it does not make a materials difference to your life.A big issue of trading with common fundamental analysis strategies, particularly for retail investors, is that the reason for buying the stock just feels a lot better when the stock price falls. So if you bought Yes Bank thinking it was a value buy because the PE went from 40 to 20, it's becoming much more appealing at a PE 10.This could tempt you to averaging "downtrend". The best thing about Technical Analysis is that most tactics don't require you to go against the trend. Usually that means Technical Analysis won't let you buy a falling stock.By integrating basic Technical Analysis techniques such as moving averages into your trade as a means to create discipline, you can theoretically prevent destruction of wealth.