What type of bank is the YES BANK?
As we all know Yes bank is a private sector bank, it offers banking services such as corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
Yes Bank is an Indian bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004.
YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank.
ABOUT YES BANK
YES BANK, India's new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India.
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra.
India Ratings Upgrades Yes Bank to 'IND A', Outlook Stable.
Founded in 2004, Yes Bank is a private-sector bank among India's leading banks. Since its foundation, Yes Bank has seen significant growth in its revenue profit, leading to it getting listed on the Bombay Stock Exchange and the National Stock Exchange.
A special court here on Thursday granted bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation.
Industrial banks are distinguished from commercial loan companies because industrial banks accept deposits in addition to making consumer and commercial loans. Industrial banks differ from commercial banks because some do not offer demand deposit (checking) accounts.
Is Yes Bank a safe bank?
Account holders should know that deposits with Yes Bank are insured for up to Rs 5 lakh by the DICGC. DICGC insures all deposits such as savings, fixed, current, recurring, etc. except for a few such as inter-bank deposits, any amount due on account of and deposit received outside India, etc.
HDFC Bank stands prominently among India's largest private banks, offering an extensive array of banking products and services, encompassing loans, credit cards, investments, internet banking, and more. The bank proudly serves a vast clientele, boasting 7,821 bank branches and 19,727 HDFC ATMs.
HDFC Bank
The HDFC Bank is one of the leading private sector banks in India, due to its strong financial performance.
We redefine digital banking with our hassle-free, instant account opening process. Join the digital banking revolution with YES Bank! Open your Digital Savings Account today and experience a new era of banking where simplicity meets sophistication.
SBI currently holds a 26.13% stake in YES Bank, the highest among a consortium of banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, and IDFC First Bank, which also have stakes in the private lender.
YES BANK's Internet Payment Gateway Solution offers a range of payment options, allowing businesses to accept payments 24/7 worldwide. They accept all local and international Visa, MasterCard/Maestro, and Rupay cards.
It is also a safer form of investment when compared to stocks or shares as there is no risk involved and you are assured of a fixed return. YES BANK provides a convenient reinvestment option of your FD, which directly reinvests the sum accrued into the scheme once your tenure expires.
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
Various financial results of Yes Bank suggest a good upward trajectory for its share price target in 2025. Its maximum and minimum range in 2025 is expected to be in between Rs 27.42 and 21.09.
Yes Bank Future Growth
Yes Bank is forecast to grow earnings and revenue by 42.4% and 22.2% per annum respectively. EPS is expected to grow by 52.4% per annum. Return on equity is forecast to be 6.7% in 3 years.
Which is biggest private bank in India?
HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms.
- HDFC Bank. HDFC Bank is one of the most popular banks in India, with its headquarters in Mumbai. ...
- ICICI Bank. ICICI Bank is an Indian multinational financial services bank headquartered in Mumbai. ...
- SBI. ...
- Kotak Mahindra. ...
- Axis Bank. ...
- IndusInd Bank. ...
- Bank of Baroda. ...
- Punjab National Bank.
| Year | Total debt | Change |
|---|---|---|
| 2019-03-31 | $15.61 B | 38.53% |
| 2018-03-31 | $11.27 B | 89.18% |
| 2017-03-31 | $5.95 B | 28.99% |
| 2016-03-31 | $4.61 B | 21.23% |
Benefits of opening a current account with YES BANK include the signature three-tier current account structure, free cash deposits, value-added banking packages, auto-upgradation policy, free cheque collections and payments across YES BANK branches, free money transfers through online banking.
| Institution Name | Failure Date | Total Assets |
|---|---|---|
| First Republic Bank | 5/1/2023 | $212,638,872 |
| Silicon Valley Bank | 3/7/2023 | $209,026,000 |
| Signature Bank | 3/12/2023 | $110,363,650 |
| IndyMac Bank | 7/11/2008 | $30,698,512 |
