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Yes Bank Reviews

Mumbai, Maharashtra

4.3/ 5

3 reviews

Yes Bank Limited is a leading Indian private sector bank headquartered in Mumbai. Founded in 2003 by Rana Kapoor and Ashok Kapur, the bank commenced operations in 2004 and has since evolved into a full-service commercial bank. It is currently the 6th largest private sector bank in India in terms of total assets. The bank serves a diverse customer base, including retail individuals, MSMEs, and large corporate clients, through its extensive network of over 1,300 branches and 1,350 ATMs spanning 300 districts across the country. The bank’s operations are organized into four primary business segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. In the Retail and MSME sectors, Yes Bank provides accounts, deposits, personal and home loans, wealth management, and insurance products. Its Corporate Banking arm offers working capital finance, term loans, trade finance, and cash management services. Additionally, the bank provides specialized services such as investment banking, merchant banking, and advisory services through its subsidiary, YES Securities. Yes Bank has positioned itself as a pioneer in digital banking and technology-led solutions. It was one of the first banks in India to integrate with UPI and BHIM, and it continues to expand its digital suite with offerings like IRIS Biz, which allows business owners to manage finances centrally. The bank also operates an International Banking Unit (IBU) at GIFT City and a representative office in Abu Dhabi to support cross-border banking needs. Financially, for the fiscal year ending March 31, 2026, the bank reported a net profit of INR 1,068 crore, reflecting significant growth and stabilizing asset quality. Its total revenue for the quarter ending December 2025 was approximately INR 7,662 crore. As of late 2025, the shareholding structure underwent a major change when the Sumitomo Mitsui Banking Corporation (SMBC) became the largest shareholder with a 24.9% stake, following a divestment by the State Bank of India (SBI), which now holds 10.8%. Other major investors include Advent International and The Carlyle Group. Under the leadership of CEO and MD Vinay Muralidhar Tonse, Yes Bank focuses on a growth strategy rooted in digitalization and financial inclusion. Recent strategic partnerships, such as the collaboration with Northern Arc Capital, aim to expand formal credit access to underserved segments in India. The bank also emphasizes sustainability and social responsibility through the YES Foundation, which focuses on livelihoods and community development. With over 28,000 employees and a market capitalization exceeding INR 78,000 crore, Yes Bank remains a critical player in India's financial landscape.