YES Bank Limited Company Overview
To begin with, YES Bank Limited embodied in 2003. So then, the Mumbai-based firm came up as a private sector bank in India. The bank exists as a full-service commercial bank offering banking and technology-driven products. It also provides services fulfilling the financial terms of MSME, corporate, and retail customers.
On the other hand, the firm provides merchant banking, investment banking, and brokerage businesses through YES Securities. Besides, YES Asset Management manages the mutual fund business. The firm established 1,135 branches and 1,423 ATMs across 28 states and 8 union territories.
Furthermore, YES Bank plans to float an FPO (Follow-on Public Offer). Henceforth, the capital raising committee had fixed a floor price of Rs. 12 per equity share on July 10th. At the same time, the firm had fixed a capital price at Rs. 13 per share. Notably, the price seems to come up with over 50% discount to the market price. So then, the lender plans to raise Rs. 15,000 crores via FPO.
Strengths of YES Bank Limited:
- Firstly, it comes as a public and private ownership model.
- Secondly, it has a strong technology backbone.
- Thirdly, the firm focuses on retail and SME advances.
- Also, it has a Pan-India presence.
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YES Bank Ltd.
YES BANK Tower, IFC – 2, 15th Floor,
Senapati Bapat Marg, Elphinstone (W),
Mumbai 400 013, India.
Phone: +91 (22) 3366 9000
Email: [email protected]