{"id":232,"date":"2020-07-14T18:37:45","date_gmt":"2020-07-14T18:37:45","guid":{"rendered":"https:\/\/rakshithpai.com\/?p=232"},"modified":"2023-12-22T13:25:40","modified_gmt":"2023-12-22T13:25:40","slug":"yes-bank-comes-with-a-big-no","status":"publish","type":"post","link":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/","title":{"rendered":"Yes Bank comes with a big NO?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662d918e24694\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\" style='display:none' id=\"ez-toc-cssicon-toggle-item-662d918e24694\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#Brief_about_the_Company\" title=\"Brief about the Company:\">Brief about the Company:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#Yes_Bank_fiasco_What_went_wrong\" title=\"Yes Bank fiasco! What went wrong?\">Yes Bank fiasco! What went wrong?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#Yes_bank_price_trend\" title=\"Yes bank price trend:\">Yes bank price trend:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#So_how_can_the_company_be_able_to_raise_further_capital\" title=\"So, how can the company be able to raise further capital?\">So, how can the company be able to raise further capital?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Brief_about_the_Company\"><\/span><strong>Brief about the Company:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes bank ltd is an Indian private bank founded in the year 2004 by <strong>Mr.Rana Kapoor &amp; Mr.Ashok Kapur<\/strong>. Headquartered in Mumbai. Yes bank provides a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/upstox.com\/open-account\/?f=FN1853\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Upstox Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yes_Bank_fiasco_What_went_wrong\"><\/span><b>Yes Bank fiasco! What went wrong?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The central bank (<a href=\"https:\/\/rakshithpai.com\/rbi-functions\/\">RBI<\/a>) said that the financial position of Yes Bank has undergone a <strong>steady decline largely due to the inability of the bank to raise capital<\/strong> to address potential loan losses and resultant downgrades, triggering the invocation of bond covenants by investors (currently at SC mercy), and withdrawal of deposits (currently well assured by RBI). But, what led to the situation in the first place?<\/p>\n\n\n\n<p>It all began on March 5th, RBI put a moratorium on Yes Bank, <strong>restricting withdrawals to Rs 50,000 per depositor till April 3<\/strong>. It superseded the board of the troubled private sector lender and appointed Mr.Prashant Kumar as administrator.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-NPA-300x184.png\" alt=\"\"\/><\/figure>\n\n\n\n<p><br>Even after multiple attempts to raise capital, the bank faced a severe liquidity crunch leading to a <strong>disastrous liquidity crisis<\/strong>. By the end of Feb 2019, Yes bank board had lost all hopes to revive the bank to its previous glory. With huge NPA and bad loans, and with a huge amount of stressed assets. <strong>Bank was on the verge of bankruptcy!<\/strong> Here is a list of change in the bank\u2019s NPA from 2015 till 2020;<br><\/p>\n\n\n\n<p class=\"has-text-align-center\">&nbsp;<b>Increasing NPA!<\/b><\/p>\n\n\n\n<p>In December 2019, Yes bank CEO Mr.Ravneet Gill had realized that the <strong>bank&#8217;s only option for revival is to infuse fresh capital<\/strong> and the board is trying all it can to get new capital into the system. In fact, the board has had <strong>multiple failures to raise capital<\/strong>.<\/p>\n\n\n\n<p>The fresh capital scheme includes $500 million from London-based Citax Holdings and Citax Investment Group, $1.2 billion binding offer from overseas investors, and various private sector lending including investors such as Mr.Uday Kotak and <strong>Mr.Rakesh Jhunjhunwala who eventually bought shares worth Rs- 86.89 crores<\/strong>.<br>Finally, RBI had to enter for a complete restructure of the failed bank and put it under <strong>1 month of the <\/strong><strong>moratorium<\/strong>. RBI governor Shaktikanta Das and SBI chairman Rajnish Kumar reached up to a conclusion to firm up the plans on Yes Bank\u2019s reconstruction scheme. <strong>Liquidity support from the RBI for Yes Bank<\/strong> is also on the way, by SBI picking up a minimum of 26% stake in the bank at Rs-10 per share for 3 years lock-in.<br>Later, various banks and institutional bodies such as HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, RK Damani (D-Mart founder), Rakesh Jhunjhunwala (Investor), Azim Premji Trust (Wipro), and others. It is estimated that the <strong>bank would need Rs-22,000 crore for revival<\/strong> and an estimate of around Rs-10,000 crore will be invested by SBI.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-drop-1-300x205.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>With a market cap of Rs-10,000 crore, Yes Bank had very little chance of survival. If not for capital infusion by its peer company as stated above, the bank would have filed for bankruptcy while causing millions of jobs and probably initiating <strong>2008 like a market crash<\/strong>.<br><br><strong>Yes bank is known for its risky investments<\/strong>, Yes bank used to lend to those companies with negative track record and credit ratings. The management would justify this action by stating that it was acting in the interest of its shareholders by being aggressive in its lending mechanism.<\/p>\n\n\n\n<p>With <strong>mismanagement<\/strong> in the company fund and lots of investments in lousy companies, creating huge amounts of NPA and with <strong>corruption<\/strong> charges over the founder-led to the fall in the trust and goodwill of Yes bank. With very little chance of raising fresh capital, the bank had to rely on its CASA deposit (Current &amp; Savings Account deposit). And, with a steady decrease in CASA deposits causing a huge liquidity crunch. It was the end of Yes!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yes_bank_price_trend\"><\/span><b>Yes bank price trend:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/YES-price-300x151.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>Deteriorating corporate governance standards and compliance failure in the bank led to a drastic fall in the share price, here\u2019s the price trend from 2015 till 2020.<br><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>PC: Chartink.com, Yes bank share price. 2015 &#8211; 2020.<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/upstox.com\/open-account\/?f=FN1853\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Upstox Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>Once India\u2019s 4th largest private sector bank with over a decade in service riding on heavy bets made by both foreign and domestic investors. But <strong>in a short span of just 17 months, the shares of Yes Bank have fallen from its lifetime high<\/strong>. With raising around $2 billion in a massive issue of new shares to institutional investors and family offices to a situation wherein the management was not able to raise enough capital to float the company.<\/p>\n\n\n\n<p>With having a decent track record in the industry to becoming broke in a matter of 2 years. <b style=\"font-weight: 400;\">The mismanagement, corruption, and power-hungry <\/b><b>management<\/b><b style=\"font-weight: 400;\"> made such a wonderful company to go broke<\/b>. The bank\u2019s initial founder Mr.Rana Kapoor is booked under mismanagement charges for providing bad loans &amp; advances and creating a huge amount of stressed assets thus killing the very bank he started.<br>With the Covid-19 pandemic based demand crisis, the survival of the bank is at stake. <strong>Whilst the entire market is at the verge of collapse, even the well-established company with a huge cash reserve will have to fight to survive<\/strong>. Then, how this company with very little to no reserve and huge debt can survive.<br>The only reason the company had been able to dodge the bankruptcy was for it was a banking sector and it is said that once a bank fails, it creates a chain of events leading for the entire market to collapse (As we witnessed in the 2008 crash, Lehman brothers).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"So_how_can_the_company_be_able_to_raise_further_capital\"><\/span><b>So, how can the company be able to raise further capital?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-text-align-left\">Well, it\u2019s complicated! It\u2019s FPO<\/p>\n\n\n\n<p>The private lender to launch FPO (Follow on Public Offer) worth 15,000 crores. It&#8217;s listing the already-listed entity. In an attempt to raise further capital by diluting the equity. Thus, the entire restructuring scheme brought in over 25,000 crores (including previous investments). Thus, saving the bank by providing with sufficient liquidity to overcome the present crisis.<\/p>\n\n\n\n<p><strong>The FPO to be priced at 12-13 per share available for bidding from 15th July to 17th July 2020.<\/strong><br>With such a huge FPO, the management (led by Mr.Prashant Kumar, the Ex-DMD &amp; CFO of SBI) intends to support the already established but highly debt-ridden bank by enhancing its solvency and capital adequacy ratio. Now that the management is changed. With sufficient liquidity in-hand. I&#8217;m optimistic over the bank&#8217;s recovery and maybe flourish to its previous glory for <strong>the worst is behind us<\/strong>.<\/p>\n\n\n\n<p>Only time can tell with certainty in regards to what future the Yes bank holds.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/upstox.com\/open-account\/?f=FN1853\" style=\"border-radius:50px;color:#0f0027;background-color:#e4fa00\" rel=\"nofollow\"><strong>Open Upstox Account Now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><b>Disclaimer<\/b>: All the information on this website is published in good faith and for general information purpose only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brief about the Company: Yes bank ltd is an Indian private bank founded in the year 2004 by Mr.Rana Kapoor &amp; Mr.Ashok Kapur. Headquartered in Mumbai. Yes bank provides a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services. Yes Bank fiasco! What went wrong? [&hellip;]<\/p>\n<div class='heateor_sss_sharing_container heateor_sss_vertical_sharing heateor_sss_bottom_sharing' style='width:44px;right: -10px;top: 100px;background-color: Dark Blue' data-heateor-sss-href='https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/232'><div class=\"heateor_sss_sharing_ul\"><a aria-label=\"Facebook\" class=\"heateor_sss_facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F232\" title=\"Facebook\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" style=\"background-color:#0765FE;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"0 0 32 32\"><path fill=\"#fff\" d=\"M28 16c0-6.627-5.373-12-12-12S4 9.373 4 16c0 5.628 3.875 10.35 9.101 11.647v-7.98h-2.474V16H13.1v-1.58c0-4.085 1.849-5.978 5.859-5.978.76 0 2.072.15 2.608.298v3.325c-.283-.03-.775-.045-1.386-.045-1.967 0-2.728.745-2.728 2.683V16h3.92l-.673 3.667h-3.247v8.245C23.395 27.195 28 22.135 28 16Z\"><\/path><\/svg><\/span><\/a><a aria-label=\"Twitter\" class=\"heateor_sss_button_twitter\" href=\"http:\/\/twitter.com\/intent\/tweet?text=%20-%20Save%20-%20Invest%20-%20Repeat&url=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F232\" title=\"Twitter\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg heateor_sss_s__default heateor_sss_s_twitter\" style=\"background-color:#55acee;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"-4 -4 39 39\"><path d=\"M28 8.557a9.913 9.913 0 0 1-2.828.775 4.93 4.93 0 0 0 2.166-2.725 9.738 9.738 0 0 1-3.13 1.194 4.92 4.92 0 0 0-3.593-1.55 4.924 4.924 0 0 0-4.794 6.049c-4.09-.21-7.72-2.17-10.15-5.15a4.942 4.942 0 0 0-.665 2.477c0 1.71.87 3.214 2.19 4.1a4.968 4.968 0 0 1-2.23-.616v.06c0 2.39 1.7 4.38 3.952 4.83-.414.115-.85.174-1.297.174-.318 0-.626-.03-.928-.086a4.935 4.935 0 0 0 4.6 3.42 9.893 9.893 0 0 1-6.114 2.107c-.398 0-.79-.023-1.175-.068a13.953 13.953 0 0 0 7.55 2.213c9.056 0 14.01-7.507 14.01-14.013 0-.213-.005-.426-.015-.637.96-.695 1.795-1.56 2.455-2.55z\" fill=\"#fff\"><\/path><\/svg><\/span><\/a><a aria-label=\"Linkedin\" class=\"heateor_sss_button_linkedin\" href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F232\" title=\"Linkedin\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg heateor_sss_s__default heateor_sss_s_linkedin\" style=\"background-color:#0077b5;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"0 0 32 32\"><path d=\"M6.227 12.61h4.19v13.48h-4.19V12.61zm2.095-6.7a2.43 2.43 0 0 1 0 4.86c-1.344 0-2.428-1.09-2.428-2.43s1.084-2.43 2.428-2.43m4.72 6.7h4.02v1.84h.058c.56-1.058 1.927-2.176 3.965-2.176 4.238 0 5.02 2.792 5.02 6.42v7.395h-4.183v-6.56c0-1.564-.03-3.574-2.178-3.574-2.18 0-2.514 1.7-2.514 3.46v6.668h-4.187V12.61z\" fill=\"#fff\"><\/path><\/svg><\/span><\/a><a aria-label=\"Whatsapp\" class=\"heateor_sss_whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=%20-%20Save%20-%20Invest%20-%20Repeat https%3A%2F%2Frakshithpai.com%2Fwp-json%2Fwp%2Fv2%2Fposts%2F232\" title=\"Whatsapp\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" style=\"background-color:#55eb4c;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"-6 -5 40 40\"><path class=\"heateor_sss_svg_stroke heateor_sss_no_fill\" stroke=\"#fff\" stroke-width=\"2\" fill=\"none\" d=\"M 11.579798566743314 24.396926207859085 A 10 10 0 1 0 6.808479557110079 20.73576436351046\"><\/path><path d=\"M 7 19 l -1 6 l 6 -1\" class=\"heateor_sss_no_fill heateor_sss_svg_stroke\" stroke=\"#fff\" stroke-width=\"2\" fill=\"none\"><\/path><path d=\"M 10 10 q -1 8 8 11 c 5 -1 0 -6 -1 -3 q -4 -3 -5 -5 c 4 -2 -1 -5 -1 -4\" fill=\"#fff\"><\/path><\/svg><\/span><\/a><a aria-label=\"Copy Link\" class=\"heateor_sss_button_copy_link\" title=\"Copy Link\" rel=\"nofollow noopener\" href=\"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/232\" onclick=\"event.preventDefault()\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg heateor_sss_s__default heateor_sss_s_copy_link\" style=\"background-color:#ffc112;width:40px;height:40px;margin:0;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"-4 -4 40 40\"><path fill=\"#fff\" d=\"M24.412 21.177c0-.36-.126-.665-.377-.917l-2.804-2.804a1.235 1.235 0 0 0-.913-.378c-.377 0-.7.144-.97.43.026.028.11.11.255.25.144.14.24.236.29.29s.117.14.2.256c.087.117.146.232.177.344.03.112.046.236.046.37 0 .36-.126.666-.377.918a1.25 1.25 0 0 1-.918.377 1.4 1.4 0 0 1-.373-.047 1.062 1.062 0 0 1-.345-.175 2.268 2.268 0 0 1-.256-.2 6.815 6.815 0 0 1-.29-.29c-.14-.142-.223-.23-.25-.254-.297.28-.445.607-.445.984 0 .36.126.664.377.916l2.778 2.79c.243.243.548.364.917.364.36 0 .665-.118.917-.35l1.982-1.97c.252-.25.378-.55.378-.9zm-9.477-9.504c0-.36-.126-.665-.377-.917l-2.777-2.79a1.235 1.235 0 0 0-.913-.378c-.35 0-.656.12-.917.364L7.967 9.92c-.254.252-.38.553-.38.903 0 .36.126.665.38.917l2.802 2.804c.242.243.547.364.916.364.377 0 .7-.14.97-.418-.026-.027-.11-.11-.255-.25s-.24-.235-.29-.29a2.675 2.675 0 0 1-.2-.255 1.052 1.052 0 0 1-.176-.344 1.396 1.396 0 0 1-.047-.37c0-.36.126-.662.377-.914.252-.252.557-.377.917-.377.136 0 .26.015.37.046.114.03.23.09.346.175.117.085.202.153.256.2.054.05.15.148.29.29.14.146.222.23.25.258.294-.278.442-.606.442-.983zM27 21.177c0 1.078-.382 1.99-1.146 2.736l-1.982 1.968c-.745.75-1.658 1.12-2.736 1.12-1.087 0-2.004-.38-2.75-1.143l-2.777-2.79c-.75-.747-1.12-1.66-1.12-2.737 0-1.106.392-2.046 1.183-2.818l-1.186-1.185c-.774.79-1.708 1.186-2.805 1.186-1.078 0-1.995-.376-2.75-1.13l-2.803-2.81C5.377 12.82 5 11.903 5 10.826c0-1.08.382-1.993 1.146-2.738L8.128 6.12C8.873 5.372 9.785 5 10.864 5c1.087 0 2.004.382 2.75 1.146l2.777 2.79c.75.747 1.12 1.66 1.12 2.737 0 1.105-.392 2.045-1.183 2.817l1.186 1.186c.774-.79 1.708-1.186 2.805-1.186 1.078 0 1.995.377 2.75 1.132l2.804 2.804c.754.755 1.13 1.672 1.13 2.75z\"\/><\/svg><\/span><\/a><a class=\"heateor_sss_more\" title=\"More\" rel=\"nofollow noopener\" style=\"font-size: 32px!important;border:0;box-shadow:none;display:inline-block!important;font-size:16px;padding:0 4px;vertical-align: middle;display:inline;\" href=\"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/232\" onclick=\"event.preventDefault()\"><span class=\"heateor_sss_svg\" style=\"background-color:#ee8e2d;width:40px;height:40px;margin:0;display:inline-block!important;opacity:1;float:left;font-size:32px!important;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;display:inline;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box;\" onclick=\"heateorSssMoreSharingPopup(this, 'https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/232', '%20-%20Save%20-%20Invest%20-%20Repeat', '' )\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewBox=\"-.3 0 32 32\" version=\"1.1\" width=\"100%\" height=\"100%\" style=\"display:block;\" xml:space=\"preserve\"><g><path fill=\"#fff\" d=\"M18 14V8h-4v6H8v4h6v6h4v-6h6v-4h-6z\" fill-rule=\"evenodd\"><\/path><\/g><\/svg><\/span><\/a><\/div><div class=\"heateorSssClear\"><\/div><\/div>","protected":false},"author":1,"featured_media":1159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yes Bank comes with a big NO? -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yes Bank comes with a big NO? -\" \/>\n<meta property=\"og:description\" content=\"Brief about the Company: Yes bank ltd is an Indian private bank founded in the year 2004 by Mr.Rana Kapoor &amp; Mr.Ashok Kapur. Headquartered in Mumbai. Yes bank provides a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services. Yes Bank fiasco! What went wrong? [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Iam.Mrpai\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-14T18:37:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-22T13:25:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2240\" \/>\n\t<meta property=\"og:image:height\" content=\"1260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rakshith Pai\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Iam_MrPai\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rakshith Pai\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/\",\"url\":\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/\",\"name\":\"Yes Bank comes with a big NO? -\",\"isPartOf\":{\"@id\":\"https:\/\/rakshithpai.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg\",\"datePublished\":\"2020-07-14T18:37:45+00:00\",\"dateModified\":\"2023-12-22T13:25:40+00:00\",\"author\":{\"@id\":\"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693\"},\"breadcrumb\":{\"@id\":\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#primaryimage\",\"url\":\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg\",\"contentUrl\":\"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg\",\"width\":2240,\"height\":1260,\"caption\":\"Yes Bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/rakshithpai.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yes Bank comes with a big NO?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/rakshithpai.com\/#website\",\"url\":\"https:\/\/rakshithpai.com\/\",\"name\":\"\",\"description\":\"Save - Invest - Repeat\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/rakshithpai.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693\",\"name\":\"Rakshith Pai\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/rakshithpai.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g\",\"caption\":\"Rakshith Pai\"},\"description\":\"An Investor, Entrepreneur by profession, and an Economist (Monetarist) by passion. Professional Investor in Equities and other assets. Here to spread the concept of \u201cSane Investing\u201d.\",\"sameAs\":[\"https:\/\/rakshithpai.com\",\"https:\/\/www.facebook.com\/Iam.Mrpai\",\"https:\/\/www.instagram.com\/iam_mrpai\",\"https:\/\/www.linkedin.com\/in\/iam-mrpai\",\"https:\/\/in.pinterest.com\/Iam_MrPai\",\"https:\/\/x.com\/Iam_MrPai\",\"https:\/\/www.youtube.com\/channel\/UC3vfc8G1sysZleCAKbytRFQ?view_as=subscriber\"],\"url\":\"https:\/\/rakshithpai.com\/author\/mrpai27\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Yes Bank comes with a big NO? -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/","og_locale":"en_US","og_type":"article","og_title":"Yes Bank comes with a big NO? -","og_description":"Brief about the Company: Yes bank ltd is an Indian private bank founded in the year 2004 by Mr.Rana Kapoor &amp; Mr.Ashok Kapur. Headquartered in Mumbai. Yes bank provides a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services. Yes Bank fiasco! What went wrong? [&hellip;]","og_url":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/","article_author":"https:\/\/www.facebook.com\/Iam.Mrpai","article_published_time":"2020-07-14T18:37:45+00:00","article_modified_time":"2023-12-22T13:25:40+00:00","og_image":[{"width":2240,"height":1260,"url":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg","type":"image\/jpeg"}],"author":"Rakshith Pai","twitter_card":"summary_large_image","twitter_creator":"@Iam_MrPai","twitter_misc":{"Written by":"Rakshith Pai","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/","url":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/","name":"Yes Bank comes with a big NO? -","isPartOf":{"@id":"https:\/\/rakshithpai.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#primaryimage"},"image":{"@id":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#primaryimage"},"thumbnailUrl":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg","datePublished":"2020-07-14T18:37:45+00:00","dateModified":"2023-12-22T13:25:40+00:00","author":{"@id":"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693"},"breadcrumb":{"@id":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#primaryimage","url":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg","contentUrl":"https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg","width":2240,"height":1260,"caption":"Yes Bank"},{"@type":"BreadcrumbList","@id":"https:\/\/rakshithpai.com\/yes-bank-comes-with-a-big-no\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/rakshithpai.com\/"},{"@type":"ListItem","position":2,"name":"Yes Bank comes with a big NO?"}]},{"@type":"WebSite","@id":"https:\/\/rakshithpai.com\/#website","url":"https:\/\/rakshithpai.com\/","name":"","description":"Save - Invest - Repeat","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/rakshithpai.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/rakshithpai.com\/#\/schema\/person\/5a10929466befdcdb3013e5341aeb693","name":"Rakshith Pai","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rakshithpai.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34b7459182e8fb8b80ca20098eb1e8a9?s=96&d=mm&r=g","caption":"Rakshith Pai"},"description":"An Investor, Entrepreneur by profession, and an Economist (Monetarist) by passion. Professional Investor in Equities and other assets. Here to spread the concept of \u201cSane Investing\u201d.","sameAs":["https:\/\/rakshithpai.com","https:\/\/www.facebook.com\/Iam.Mrpai","https:\/\/www.instagram.com\/iam_mrpai","https:\/\/www.linkedin.com\/in\/iam-mrpai","https:\/\/in.pinterest.com\/Iam_MrPai","https:\/\/x.com\/Iam_MrPai","https:\/\/www.youtube.com\/channel\/UC3vfc8G1sysZleCAKbytRFQ?view_as=subscriber"],"url":"https:\/\/rakshithpai.com\/author\/mrpai27\/"}]}},"uagb_featured_image_src":{"full":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg",2240,1260,false],"thumbnail":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank-150x150.jpg",150,150,true],"medium":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank-300x169.jpg",300,169,true],"medium_large":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank-768x432.jpg",768,432,true],"large":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank-1024x576.jpg",1024,576,true],"1536x1536":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank-2048x1152.jpg",2048,1152,true],"web-stories-poster-portrait":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg",640,360,false],"web-stories-publisher-logo":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg",96,54,false],"web-stories-thumbnail":["https:\/\/rakshithpai.com\/wp-content\/uploads\/2020\/07\/Yes-Bank.jpg",150,84,false]},"uagb_author_info":{"display_name":"Rakshith Pai","author_link":"https:\/\/rakshithpai.com\/author\/mrpai27\/"},"uagb_comment_info":8,"uagb_excerpt":"Brief about the Company: Yes bank ltd is an Indian private bank founded in the year 2004 by Mr.Rana Kapoor &amp; Mr.Ashok Kapur. Headquartered in Mumbai. Yes bank provides a wide range of banking and financial products for corporate and retail customers through retail banking and asset management services. Yes Bank fiasco! What went wrong?&hellip;","_links":{"self":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/232"}],"collection":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":28,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/232\/revisions"}],"predecessor-version":[{"id":8136,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/posts\/232\/revisions\/8136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/media\/1159"}],"wp:attachment":[{"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/categories?post=232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rakshithpai.com\/wp-json\/wp\/v2\/tags?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}