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FINANCIAL | Retail Banking
yesbank.in

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Investments

18

Portfolio Exits

3

Partners & Customers

10

About Yes Bank

Yes Bank (BSE: 532648) (NSE: YESBANK) provides banking and financial services throughout India and abroad. The Company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments.

Yes Bank Headquarter Location

YES BANK Tower, Indiabulls Finance Centre - 2, 15th Floor Elphinstone West

Mumbai, 400 013,

India

+91 (0)22 6669 9000

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Yes Bank Web Traffic

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Latest Yes Bank News

Yes Bank, Dish TV battle moves to SC, case to have broad implications-Business Journal

Nov 28, 2021

Yes Bank, Dish TV battle moves to SC, case to have broad implications-Business Journal By Yes Bank’s legal dispute with Dish TV India over voting rights in the Supreme Court will not only decide the fate of the company but also impact several other cases where the banks are fighting with defaulters over control over collateral. Yes Bank acquired 24.5 per cent stake in Dish TV after the promoters failed to repay their debt and banks invoked the pledged shares. In September last year, the founder of Essel group, Subhash Chandra filed a police complaint against the bank and its former management led by Rana Kapoor accusing them of fraud while brokering a merger transaction between Videocon D2H and Dish TV India. The matter is under investigation by the police. The SC will hear the Yes Bank petition on Monday. The lender moved the highest court after the Allahabad High Court dismissed its petition on Thursday to quash the FIR filed by Chandra with the Uttar Pradesh police. As part of its investigation, the Crime Branch, Gautam Buddh Nagar police has frozen the voting rights on the stake held by Yes Bank in Dish TV India. If the voting rights are not restored by the Supreme Court, then Yes Bank will not be able to vote in the company’s shareholders meeting scheduled on Tuesday, lawyers say. “The SC decision will also impact several other cases where the banks are fighting with borrowers over their collateral,” said a lawyer. Yes Bank wants to replace the current board of Dish TV with its own nominees as the lender is of the opinion that the board is siding with the Chandra family – whose stake in the company has decreased to 6 per cent. . Yes Bank and Dish TV India did not comment on the matter. In its petition to the HC, Yes Bank had also challenged notices dated November 4th this year issued by UP police to the bank and the National Securities Depository to freeze its voting rights on Dish TV. While dismissing the petition, the high court said on Thursday the bank has a statutory remedy to approach the magistrate court under the current laws for relief. “We are of the opinion that the writ jurisdiction should not be exercised to stifle the legitimate investigation. It is well settled that the High Court should normally refrain from giving prima facie decisions, in cases where the entire facts are incomplete and hazy, more so, when the evidence has not been collected and produced before the Court,” the HC said. The court said the issues involved whether factual or legal are of magnitude and cannot be seen in their true perspective without sufficient material. “In the present matter, we lack sufficient material. Therefore, we are of the opinion that disputed facts cannot be examined under the Article 226 of Constitution of India and once efficacious statutory remedy is available to the petitioner against the notice impugned, then we decline to exercise our discretionary jurisdiction. Accordingly, the writ petition fails and is dismissed on the ground of availability of statutory remedy,” the court said. Article 226 empowers the high courts to issue, to any person or authority, including the government, directions, orders or writs. Yes Bank had earlier said that the Dish TV’s present board is acting on the behest of the promoters who hold only 6 per cent stake in the company and approved a Rs 1,000 crore rights issue despite its objections. Yes Bank has said Indian lenders have 45 per cent stake in the company and is taking this step to protect the rights of all the shareholders. In its communication to Dish TV, which was later filed with the stock exchanges, Yes Bank said the board is acting in haste and is taking steps to dilute their stake and hence its demand to reconstitute the board. Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Digital Editor

Yes Bank Investments

18 Investments

Yes Bank has made 18 investments. Their latest investment was in BlackTree as part of their Loan on August 8, 2021.

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Yes Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Loan

BlackTree

Yes

2

7/27/2021

Corporate Minority - II

IBBIC

Yes

3

2/4/2021

Debt - II

Origo Commodities

$10.29M

Yes

1

6/16/2020

Corporate Minority - P2P

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$99M

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10

1/15/2020

Corporate Minority

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$99M

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10

Date

8/24/2021

7/27/2021

2/4/2021

6/16/2020

1/15/2020

Round

Loan

Corporate Minority - II

Debt - II

Corporate Minority - P2P

Corporate Minority

Company

BlackTree

IBBIC

Origo Commodities

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Amount

$10.29M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

3

1

10

10

Yes Bank Portfolio Exits

3 Portfolio Exits

Yes Bank has 3 portfolio exits. Their latest portfolio exit was YES ASSET Management on November 02, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/2/2021

Divestiture

1

00/00/0000

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$991

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10

00/00/0000

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10

Date

11/2/2021

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

10

Yes Bank Partners & Customers

10 Partners and customers

Yes Bank has 10 strategic partners and customers. Yes Bank recently partnered with WheelsEMI on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/23/2021

Partner

WheelsEMI

India

Yes Bank partners WheelsEMI for two-wheeler loans

Mumbai : Yes Bank and WheelsEMI on Monday said they have entered into a strategic co-lending agreement to offer two-wheeler loans at competitive interest rates .

1

6/7/2021

Partner

instantPay

India

InstantPay launches India’s first Cashback Card in partnership with NPCI and YES Bank

New Delhi -LSB- India -RSB- , June 7 : InstantPay , India 's leading open banking platform , today announced the launch of the InstantPay in partnership with NPCI and YES Bank .

1

3/8/2021

Partner

Max Life Insurance

India

Max Life Insurance and YES BANK Celebrate 16 years of Strategic Bancassurance Partnership

Rajan Pental , Global Head -- Retail Banking , YES BANK Limited , said , `` Our long-standing partnership with Max Life Insurance Co. Ltd. has not only helped us deliver new and relevant offerings , but also enhance overall customer experience .

2

12/22/2020

Vendor

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10

12/3/2020

Partner

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10

Date

8/23/2021

6/7/2021

3/8/2021

12/22/2020

12/3/2020

Type

Partner

Partner

Partner

Vendor

Partner

Business Partner

WheelsEMI

instantPay

Max Life Insurance

Country

India

India

India

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News Snippet

Yes Bank partners WheelsEMI for two-wheeler loans

Mumbai : Yes Bank and WheelsEMI on Monday said they have entered into a strategic co-lending agreement to offer two-wheeler loans at competitive interest rates .

InstantPay launches India’s first Cashback Card in partnership with NPCI and YES Bank

New Delhi -LSB- India -RSB- , June 7 : InstantPay , India 's leading open banking platform , today announced the launch of the InstantPay in partnership with NPCI and YES Bank .

Max Life Insurance and YES BANK Celebrate 16 years of Strategic Bancassurance Partnership

Rajan Pental , Global Head -- Retail Banking , YES BANK Limited , said , `` Our long-standing partnership with Max Life Insurance Co. Ltd. has not only helped us deliver new and relevant offerings , but also enhance overall customer experience .

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Sources

1

1

2

10

10

Yes Bank Team

23 Team Members

Yes Bank has 23 team members, including current Chief Executive Officer, Rana R. Kapoor.

Name

Work History

Title

Status

Rana R. Kapoor

Chief Executive Officer

Current

Somak Ghosh

Founder

Former

Amresh Acharya

Australia and New Zealand Banking Group, World Gold Council, Coutts & Co., Deutsche Bank, and HDFC Bank

President

Former

Anand Kumar Bajaj

President, Executive Vice President

Former

Sonu Bhasin

President

Former

Name

Rana R. Kapoor

Somak Ghosh

Amresh Acharya

Anand Kumar Bajaj

Sonu Bhasin

Work History

Australia and New Zealand Banking Group, World Gold Council, Coutts & Co., Deutsche Bank, and HDFC Bank

Title

Chief Executive Officer

Founder

President

President, Executive Vice President

President

Status

Current

Former

Former

Former

Former

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