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Yes Bank India

YES BANK, India’s new age private sector Bank, is an outcome of the professional entrepreneurship of its Founder, Rana Kapoor and his highly competent top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the “Future Industries of India”. YES BANK is the only Greenfield license awarded by the RBI in the last 14 years, associated with the finest pedigree investors. YES BANK has fructified into a “full service” commercial Bank that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Business and Transaction Banking, Retail and Wealth Management business lines across the country, and is well equipped to offer a range of products and services to corporate and retail customers.

The Unaudited results for the Quarter ended March 31, 2009.

The Bank has posted a net profit of Rs 801.10 million for the quarter ended March 31, 2009 as compared to Rs 645.00 million for the quarter ended March 31, 2008. Total Income has increased from Rs 4943.00 million for the quarter ended March 31, 2008 to Rs 6560.70 million for the quarter ended March 31, 2009.

The Audited results for the Year ended March 31, 2009

The Bank has posted a net profit of Rs 3038.40 million for the year ended March 31, 2009 as compared to Rs 2000.20 million for the year ended March 31, 2008. Total Income has increased from Rs 16653.50 million for the year ended March 31, 2008 to Rs 24383.40 million for the year ended March 31, 2009.

In the first tranche, the bank is likely to hit the bond market to raise $150 million by the end of the current financial year or the early next fiscal, Kapoor said adding that the second capital raising event would be a follow-on public offer of up to $250 million.

Asked about the total business by 2015, he said, "We are expecting our balance sheet of Rs 1,25,000 crore to Rs 1,50,000 crore of both advances and deposits."

The bank reported a net profit of Rs 303.8 crore for 2008-09, a growth rate of nearly 52 per cent over the previous year.

"The key differentiator for Yes Bank has been the unique knowledge-driven approach to offering industry-specific financial solutions that go beyond the traditional realm of banking," Kapoor said.
As part of this developmental philosophy, YES BANK is now at the forefront of leadership initiatives to enable the development of the ‘Retail and Consumer Markets’ sector that is driving the Indian economy. Driven by superior industry insights and unmatched product structuring, YES BANK today services a number of leading companies in the Retail industry.

Why Me:

A
s I am very optimistic about banking sector, and the things that happened in last few days force me to track this bank, also when a bank is also providing service in Retail in a country of 1 billion and in is leading in that, one can expect for better returns.

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