As per the “Yes Bank Limited Reconstruction Scheme, 2020” notified by the Government of India in its Gazette dated 13th March, 2020:
State Bank of India (SBI) shall hold up to 49% stake with a minimum of 26% over next 3 years
Moratorium shall cease to have effect from 18:00 hours on Wednesday, 18th March, 2020
Board of Directors will be reconstituted within 7 days from cessation of moratorium with
Mr. Prashant Kumar, as CEO & Managing Director
Mr. Sunil Mehta as Non- Executive Chairman
Mr. Mahesh Krishnamurthy as Non- Executive Director
Mr. Atul Bheda as Non- Executive Director
In addition SBI will appoint 2 Officers as Directors and RBI may appoint one or more Directors
Equity Capital raise of INR 10,000 Crores pursuant to allotment of shares to State Bank of India and other investors under the Reconstruction Scheme
Financial Highlights of Q3FY20
Significant increase in Provision Coverage to 72.7% from 43.1% last quarter, despite elevated slippages
GNPA of 18.87% - INR 40,709 Crores
NNPA of 5.97% - INR 11,115 Crores
The Bank registered a Net Loss of INR 18,560 Crores during Q3FY20
Net Interest Income (NII) at INR 1,065 Crores, significantly impacted by elevated slippages
Net Interest Margin (NIM) at 1.4%: majorly impacted due to slippages during the quarter
Non- Interest income for Q3FY20 at INR 626 Crores, declined 30% y-o-y; Retail Banking fees, within the Non-Interest Income however grew 8% y-o-y aided by sustained momentum in Digital Banking revenue streams
Deposits at INR 1,65,755 Crores declined 26% y-o-y; CASA ratio at 32.1% in Q3FY20 vs. 30.8% in Q2FY20; CASA + Retail TDs at 63.0% in Q3FY20 vs. 60.3% last quarter
Net Advances at INR 1,86,099 Crores declined 24% y-o-y and 17% on sequential basis; Retail Advances grew 11% y-o-y to account for 22.2% of advances vs. 15.2% in Q3FY19
This is with reference to the press release by the Reserve Bank of India (RBI) dated March 05, 2020 and Ministry of Finance Notification, S.O. 993 (E), issued on March 05, 2020, which made an Order of Moratorium in respect of YES BANK Limited till April 3, 2020.
06 March, 6:00 PM
Recently there have been some unsubstantiated and irresponsible press/social media speculation about YES BANK.
15 January, 5:00 PM
‘YES SCALE Marketplace’, an industry first online marketplace of innovative solutions, co-created with its APIs and startup partners across sectors.
06 December, 5:00 PM
Mumbai, July 23, 2019: YES BANK, India’s fourth largest private sector Bank, announced the launch of its lending program, Smart Edge for Micro, Small and Medium Enterprises (MSMEs).
23 July, 6:36 PM
Mumbai, July 19, 2019: YES BANK, India’s fourth largest private sector bank, won multiple awards at The Asset Triple A Asia Infrastructure Awards 2019 held recently in Singapore.