Search company, investor...

Predict your next investment

Bank
FINANCE | Retail Banking
yesbank.in

Investments

20

Portfolio Exits

3

Partners & Customers

10

About Yes Bank

Yes Bank (BSE: 532648) (NSE: YESBANK) provides banking and financial services throughout India and abroad. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company was founded in 2004 and is based in Mumbai, India.

Headquarters Location

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

Mumbai, 400 013,

India

+91 (0)22 6669 9000

Want to inform investors similar to Yes Bank about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Research containing Yes Bank

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Yes Bank in 3 CB Insights research briefs, most recently on May 5, 2022.

Latest Yes Bank News

CASA Struggle Marred An Otherwise Perfect Q3 For Private Banks

Jan 27, 2023

Nine leading private banks grew their net profit at an average year-on-year growth rate of 37% in the third quarter. 7:46 AM IST, 27 Jan 2023 7:46 AM IST, 27 Jan 2023 7:46 AM IST, 27 Jan 2023 Save ADVERTISEMENT Driven by credit growth, buoyant interest income, and notably healthy margins, Indian private banks delivered a strong quarterly performance in the third quarter of FY23. But the performance also comes at a time when banks have seen a dip in the share of low cost deposits to their overall deposit base. Low cost current accounts and saving accounts are the cheapest source of capital for banks and if their share dips, it can get more e... Driven by credit growth, buoyant interest income, and notably healthy margins, Indian private banks delivered a strong quarterly performance in the third quarter of FY23. But the performance also comes at a time when banks have seen a dip in the share of low cost deposits to their overall deposit base. Low cost current accounts and saving accounts are the cheapest source of capital for banks and if their share dips, it can get more expensive to fund incremental credit growth. The ratio of such deposits to a bank's overall deposit base is called the CASA ratio. India's largest private sector lender, HDFC Bank Ltd., saw its CASA ratio decline 140 basis points sequentially in Q3 FY23 to 44%. "Retail [deposits] came in quite well but did not come in as much as we thought," Srinivasan Vaidyanathan, chief financial officer at HDFC Bank, said during the Q3 earnings conference call on Jan. 14. Similarly, ICICI Bank Ltd. and Kotak Mahindra Bank Ltd. also reported a decline of 30 basis points and 660 basis points in their respective CASA ratios in the third quarter. "CASA deposits tend to suffer during a rising interest rate cycle," Asutosh Mishra, lead banking analyst at Ashika Stock Broking, told BQ Prime. When interest rates rise, people move their money to better return yielding time deposits or other instruments such as liquid mutual funds. Private banks reported notably healthier net interest margins over the third-quarter with Kotak Mahindra Bank and Axis Bank both posting lifetime highs on their NIMs. "There is some room to even go up further before it starts moderating," Jaimin Bhatt, chief financial officer at Kotak Mahindra Bank, told analysts in a Jan. 21 conference call. Growth in net interest margins for banks has stayed strong and is largely due to the lagged effect of interest rate hikes on liabilities as opposed to assets, Mishra of Ashika Broking said. Banks that are more heavily engaged in mortgage lending have especially benefited from the lag, he said. Healthy margins—aided by buoyant interest incomes—also aided profitability for private banks this quarter. Financial results of nine leading private banks showed an average year-on-year growth rate of 37% for their net profits in the October-December quarter. India's largest private lender, HDFC Bank, grew its net profit by 19% year-on-year in the third quarter. ICICI Bank and Axis Bank grew their net profit by 34% and 62% year-on-year, respectively. Private banks also improved their asset quality over the quarter with Yes Bank Ltd. reporting the most marked change due to a one-time sale of over Rs 43,000 crore worth of assets to JC Flowers Asset Reconstruction Co. Yes Bank's gross non-performing asset ratio fell from 12.9% in Q2 FY23 to 2.02% in the third quarter. HDFC Bank and ICICI Bank reported net NPA ratios of 0.33% and 0.55%, respectively, in the third quarter. "These are the best numbers we've seen from banks at large in almost 10-12 years," Amit Khurana, head of equities and research at Dolat Capital, told BQ Prime. Asset quality is also likely to remain benign for a while, since it's still early days of the credit cycle and a fuller picture only emerges after five or six quarters of the money being lent, Khurana said. According to Mishra, whether banks are able to further strengthen their margins will depend on the direction that monetary policy takes in February. If rates move up further, margins could get more headroom even as the price of deposits catches up. Although the overall profitability of banks was aided by a reduction in provisions over earlier quarters, financial results of four out of nine private banks indicate they increased their provisions over the third quarter. The fours banks are: ICICI Bank, Kotak Mahindra Bank, Yes Bank, and IDFC First Bank Ltd. "We have changed our provisioning norms on non-performing assets to make them more conservative for corporate, SME and business banking. This change resulted in higher provisions," Sandeep Bakshi, managing director and chief executive officer at ICICI Bank, said during an earnings conference call on Jan. 21. ICICI Bank increased its provisions by 12.4% year-on-year to Rs 2,257 crore in the third quarter. The one-time provisioning that some banks have done is driven by either changes related to bad asset recognition policies or because banks detected heating in certain segments, Mishra said. ADVERTISEMENT

Yes Bank Investments

20 Investments

Yes Bank has made 20 investments. Their latest investment was in J.C. Flowers Asset Reconstruction Company as part of their Unattributed on November 11, 2022.

CBI Logo

Yes Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/29/2022

Unattributed

J.C. Flowers Asset Reconstruction Company

$1.73M

Yes

2

8/17/2022

Corporate Minority - II

Venture Catalysts

Yes

1

8/24/2021

Loan

BlackTree

Yes

2

7/27/2021

Corporate Minority - II

Subscribe to see more

Subscribe to see more

10

2/4/2021

Debt - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/29/2022

8/17/2022

8/24/2021

7/27/2021

2/4/2021

Round

Unattributed

Corporate Minority - II

Loan

Corporate Minority - II

Debt - II

Company

J.C. Flowers Asset Reconstruction Company

Venture Catalysts

BlackTree

Subscribe to see more

Subscribe to see more

Amount

$1.73M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

2

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

YES ASSET Management

$99M

1

8/23/2021

Reverse Merger

Subscribe to see more

$99M

Subscribe to see more

10

8/7/2019

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/2/2021

8/23/2021

8/7/2019

Exit

Divestiture

Reverse Merger

IPO

Companies

YES ASSET Management

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

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 Falcon on January 1, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

1/3/2023

Vendor

India

YES BANK Partners with BaaS Startup Falcon To Tap into Embedded Finance Market

Our partnership with Falcon aligns with this approach as it empowers the Bank to create innovative propositions within shorter time periods without compromising on the quality and convenience that the Bank is known to bring forth across all its offerings .

2

1/3/2023

Vendor

United States

YES BANK partners with Microsoft to transform mobile banking experience

New Delhi , January 3 , 2023 : YES BANK announced that it has partnered with Microsoft Azure to bring forth a next generation mobile application with a view to provide customers with a personalised banking experience .

2

1/3/2023

Vendor

United States

Mobile Banking Gets New Edge By Microsoft And Yes Bank

This will empower the Bank to cater to diverse financial needs of customers across loans , payments , deposits , investments , cards and more.YES BANK announced that it has partnered with Microsoft Azure to bring forth a next generation mobile application with a view to provide customers with a personalised banking experience .

2

11/29/2022

Partner

India

Subscribe to see more

Subscribe to see more

10

8/10/2022

Vendor

India

Subscribe to see more

Subscribe to see more

10

Date

1/3/2023

1/3/2023

1/3/2023

11/29/2022

8/10/2022

Type

Vendor

Vendor

Vendor

Partner

Vendor

Business Partner

Country

India

United States

United States

India

India

News Snippet

YES BANK Partners with BaaS Startup Falcon To Tap into Embedded Finance Market

Our partnership with Falcon aligns with this approach as it empowers the Bank to create innovative propositions within shorter time periods without compromising on the quality and convenience that the Bank is known to bring forth across all its offerings .

YES BANK partners with Microsoft to transform mobile banking experience

New Delhi , January 3 , 2023 : YES BANK announced that it has partnered with Microsoft Azure to bring forth a next generation mobile application with a view to provide customers with a personalised banking experience .

Mobile Banking Gets New Edge By Microsoft And Yes Bank

This will empower the Bank to cater to diverse financial needs of customers across loans , payments , deposits , investments , cards and more.YES BANK announced that it has partnered with Microsoft Azure to bring forth a next generation mobile application with a view to provide customers with a personalised banking experience .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

2

2

2

10

10

Yes Bank Team

35 Team Members

Yes Bank has 35 team members, including , .

Name

Work History

Title

Status

Somak Ghosh

Founder

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Somak Ghosh

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.