The Real Story Behind Yes Bank

The Story of Yes Bank

After the Story of P.M.C Bank the story of Yes Bank Started. A few years ago we thought that if we have money in the bank. We thought that it is safe, but now we don’t know which bank betrays us. Are you thinking that yes bank is a small bank? No Yes bank top 5 most private banks in India. It is many branches in every state and union territory of India. The Reserve bank of India has passed a rule in yes bank that there should no withdrawal of over 50,000. There should special permit like marriages, medical emergencies and higher education. The money holders in the bank doing protest on the roads.

Rana Kapoor and Ashok Kapoor started the Yes bank in 2004. Before the start of Yes Bank, these people worked in a high position in other banks. At the start of the bank, the bank easily managed all this. It gave loans to big companies. The loans are given by Yes, banks to corporate companies are 65%. The Shares of the bank raised so fast that the ipu of the bank raises from 45 rupees to 4500 rupees. The Bombay terror attacks started on 26th November 2008. In that attack, one of the founders Ashok Kapoor died. The Rana Kapoor became the king of the yes bank kingdom. The Rana Kapoor started to avoid Ashok Kapoor family. The issue even also approached the court. The Issue became big. The court decided to remove Rana Kapoor people from the board of the directories. In 2015 RBI asked the Yes bank the asset quality review. So let’s find out what happens in this audit. In the audit, the bank has to give bad loans and NPL(non-performing loans) statistics. If people know about the bad loans, then the shares can be lost. So the bank’s income can be lost. The difference in the bad loan is called loan diversion. In the year March 2014, there is a diversion of 4,000crores. In the year of 2017, there is the diversion of 7,000crores. The matter leaked the shares of the bank slowly decreased. So the people are rushing to get the money. So we should wait for justice.

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