Yes bank management structure

The YES Touch Phone Banking services enabled by Cisco technologies is the first-of-a-kind integration across all channels voice, IVR, email, chat , voice based, speech-enabled contact center implementation in the Indian financial services sector. Cisco provided network lifecycle services that included design, installation, integration, operation. This technology platform has enabled the Bank to achieve high standards of customer service at comparatively lower cost structures. Commenting on this strategic collaboration, Mr. The Bank is committed to executing a concerted strategy by continuously launching innovative solutions to enhance customer satisfaction and increase focus on providing convenience and choice to our clients".

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Sign In Checking. Don't have an account? Sign up here. Enter your email address and we'll send you a link to reset your password. Reset Password Checking. Share on:. The Two Thin Lines. Governance Principles of Corporate Governance.

Corporate Governance in the Indian backdrop. Corporate Governance failures in Satyam Computers. Corporate Governance failures in Jet Airways. How to analyze the management of a Company? Step 1- Check Promoter Background. Step 2- Promoter's Salary. Step 3- Related Party Transactions. Step 4- Warrants. Step 5- Management's focus on share price.

Step 6- Dividend Payments. Step 7 - Accounting Juggernauts. Step 8- Management Competence. View Leaderboard. You can also be on the leaderboard! Read the Module and appear for the Quiz. Note: Only 1st-time attempt at the quiz will be considered to qualify on the leaderboard. Let's discuss a case study on Yes Bank:. Yes Bank was a market darling at one point in time and found a lot of flavor with Foreign Institutional Investors. Creeks started appearing in this dream run when a number of agencies took a deeper plunge into the bank's books.

It was highly unlikely that a stressed account had not taken a cheque from Yes Bank. Yes, you have read it right! Simply put, the bank's NPAs were under-reported to the tune of 5 percentage points. Instead of plugging the loopholes, the bank made every attempt to downplay the situation. Rana Kapoor met the same fate when he was denied a three-year extension in August Kapoor was due to retire on 31st January, The stock tanked heavily the day this news broke. It was later clarified that the corporate governance issues in the bank persisted for a prolonged time.

NPA's started swelling and doubled to 3. The NPA number further swelled to After struggling under the regime of Ravneet Gill- the new CEO, the bank was subsequently placed under moratorium in March Since then, the bank is gradually attempting to rebuild its image.

Rana Kapoor is currently fighting several cases linked to money laundering using a number of shell companies. It is alleged that Mr. It is almost certain that many more skeletons will tumble out of Rana Kapoor's banking circle and more importantly he will be behind bars for a long long time. Register Login. Create an account. Email already registered. I agree to the Terms of use , Privacy policy and subscribe to newsletter.

Receive updates in WhatsApp. Verify Account Please type the verification code you have received in your registered email ID. Invalid Code. Account activated Your account is now verified! Please wait while we create your dashboard. Forgot your password? Reset your password Enter your email address and we'll send you a link to reset your password. Corporate Governance. Introduction 2. The Two Thin Lines 3. Governance 4. Principles of Corporate Governance 5.

Corporate Governance in the Indian backdrop 6. Corporate Governance failures in Satyam Computers 9. Corporate Governance failures in Jet Airways Step 1- Check Promoter Background Step 2- Promoter's Salary Step 3- Related Party Transactions Step 4- Warrants Step 5- Management's focus on share price Step 6- Dividend Payments Step 7 - Accounting Juggernauts View Leaderboard You can also be on the leaderboard!

An old saying comes to my mind when I think of this debacle -There is no smoke without fire. A few pertinent questions however remain: Why do retail shareholders have to bear the brunt of the actions of a wicked promoter?

Was it fair to bail out a private bank from taxpayers' money? Trust me, We do not have answers either. Did you like this unit? About the Author. Copy the URL Copy share link. Leaderboard Name Score.

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YES Bank to form alternate board after successful recovery following reconstruction

The COP describes any action s that the company plans to undertake by its next COP to have the credibility of the information in its COP externally assessed, including goals, timelines, metrics, and responsible staff. Information is reviewed by multiple stakeholders e. Information is assured by independent assurors e. Information is reviewed by a panel of peers e. Any relevant policies, procedures, and activities that the company plans to undertake by its next COP to fulfill this criterion, including goals, timelines, metrics, and responsible staff.

The YES Bank fiasco showcases the prevalent flaws of uprising NPAs and mounting bad debts in the financial sector. Post Asset Quality Review (AQR) conducted by.

Yes Bank board member quits citing corporate governance concerns

The three primary ingredients of a successful movie are- a strong storyline, a compelling script and a happy ending. However, the following tale just has a plot and screenplay. In , three successful bankers- Ashok Kapur, Harkirat Singh, and Rana Kapoor collaborated to open a non-banking financial company, each owning a share of 25 percent, the rest being with the Rabo Bank of the Netherlands, that became Yes Bank in But due to the sudden death of Ashok Kapur, the commercial enterprise changed again. The tragedy led to the unfolding of realities when the two partners turned out to be brothers-in-law. During this period, Yes Bank went easy on lending with an amount of nearly around Rs 35, crore of stressed loans as per a report. Only then can we be assured of fair business practices, prudent and transparent accounting, and sustainable value creation on a risk-reward balance basis.

Yes Bank resolution to be done very swiftly, says RBI Governor

yes bank management structure

Having recognised a huge quantum of non-performing assets NPAs in the past few quarters, Yes Bank has created a dedicated stressed asset management vertical to recover and resolve such accounts that have touched Rs 50, crore, a top official said on Thursday. The bank has also appointed six merchant bankers for a proposed capital raising exercise of up to Rs 15, crore in which it is aiming to get new investors, including global private equity funds, into the bank, its Managing Director and Chief Executive Officer Prashant Kumar told PTI. It was bailed out by a string of lenders led by SBI , who pumped in Rs 10,crore fresh capital to keep it afloat. Kumar started off by recognising a huge pile of assets as bad, resulting in a massive Rs 18, crore loss for the December quarter. Recovery and resolution of the stuck money can help future profits through writebacks of already made provisions against assets and also help the capital position of the bank, which stood at a very low 8.

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Rana Kapoor's last speech as Yes Bank CEO: Here is what he said

Leadership Next Published on October 01, He built the bank around five key brand pillars — growth, trust, human capital, technology, along with transparency and responsible banking. Since incorporation, the bank has grown well and has maintained a consistent net interest margin between 2. With over branches and ATMs throughout the country, it has reported a net interest income of Rs. In a span of nine years, the bank has received significant national and global recognition and accolades.

Yes Bank, No Governance

Leveraging the best-in-class technology, we aim to ensure access and ease of banking for all — including the underserved. The combined expertise of Centrum and BharatPe, with a strong leadership team comprising seasoned professionals, will provide a robust foundation to realize this vision. It stands for the commitment to build best-in-class and new age banking products catering to a diverse set of customers as well as small businesses. It also implies the convergence of various technologies to make banking seamless and convenient for all customers. We are a truly Digital Bank, which means you will be able to open and operate your Savings, Loan or Current accounts using a digital device, instantly and round the clock.

Akash Suri is Country Head: Stressed Asset. Management at YES Bank and part of the top leadership team of the Bank. He is a seasoned banking.

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Your Bank showed continued acceleration and momentum in building a strong liability franchise with CASA ratio at In terms of Human Capital strength, your Bank has achieved a significant milestone in FY — 16 reaching the 15, mark. In FY —16, your Bank raised Rs. This project is part of the Women Entrepreneurs Opportunity Facility WEOF , the first—of—its—kind global facility dedicated to expanding access to capital for approximately , women entrepreneurs.

Do you know what your employees really want for the holidays?

The March issue of Artha would have been incomplete without discussions on two important issues- one that has almost locked down the entire world COVID and the other that has shaken the confidence of people on Indian banks near collapse of Yes Bank. Was there any early warning signal for Yes Bank? For example, Yes Bank had raised Rs. Thus, the actions of the rating agencies suggest that Yes Bank did something horribly wrong in the past one and half years. This conclusion is not correct.

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  1. Stem

    I know, how it is necessary to act...

  2. Stosh

    No, I won't be able to tell you.