Yes Bank Limited FPO

Yes Bank, incorporated in 2003 and headquartered in Mumbai, is a private sector bank in India that offers a full range of banking and technology-driven financial services. It caters to MSMEs, corporates, and retail customers with various banking solutions. Through its subsidiary, Yes Securities, the bank provides merchant banking, investment banking, and brokerage services. Its mutual fund operations are managed by YES Asset Management (India) Limited. The bank has a strong presence across India, operating in 28 states and 8 Union Territories, with a network of 1,135 branches and 1,423 ATMs as of March 31, 2020. It also expanded internationally with a representative office in Abu Dhabi, established in March 2020. Yes Bank serves metro, urban, semi-urban, and rural locations, ensuring widespread accessibility. Its product and service offerings include investment banking solutions, credit cards such as Yes First Corporate Credit Card and Yes Prosperity Purchase Credit Card, treasury and risk management solutions, loans, transaction banking, debt capital markets, surplus and investment solutions, and digital banking services. Following its financial crisis in 2019, Yes Bank saw the State Bank of India (SBI) acquire a 49% stake, becoming a major shareholder. To strengthen its capital base and recover from significant bad debt, the bank launched a follow-on public offer (FPO) on July 15, 2020.