# Yes Bank

Yes Bank is a Bank / Wealth / Trust based in Mumbai, India.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** yesbank.in
- **LinkedIn:** https://in.linkedin.com/company/yes-bank

## Regulatory record

- **Reports private funds:** No

## About

Yes Bank was founded in 2004 by Rana Kapoor, who built it into one of India's fastest-growing private lenders before governance failures triggered a central bank rescue in March 2020. The State Bank of India led a consortium that injected capital and installed Prashant Kumar, a veteran SBI executive, as CEO. The founding promoter's equity fell to zero, and the bank was effectively nationalized without formal nationalization — a structure that now makes it a widely held public institution with no controlling family, but substantial state bank influence. The bank's deployment spans corporate banking, SME lending, retail loans, and a treasury operation that manages its government securities and bond portfolios. It participates in India's stressed-asset market, where it has sold non-performing loan portfolios to asset reconstruction companies. Known exposures include infrastructure projects, real estate developers, and mid-market industrials. Its geographic footprint is domestic, with branches concentrated in urban India, though it maintains representative offices in London and Abu Dhabi to service non-resident Indian clients and trade finance flows. Yes Bank reported approximately 28,000 employees as of its last annual filing, making it a mid-tier institution by Indian headcount standards. In 2024 it transferred a pool of stressed loans worth roughly $600 million to JC Flowers Asset Reconstruction Company, continuing a balance-sheet cleanup that has defined Kumar's tenure. The bank's wealth management division competes with Kotak and ICICI for affluent clients, but the core institution remains a corporate and retail bank, not a family office vehicle. What distinguishes Yes Bank is its origin story as a catastrophe turned into a going concern. No other major Indian bank has been rescued by a consortium led by a direct competitor, and the State Bank of India's 30% stake makes it an unusual hybrid: a publicly traded bank with a state-controlled anchor investor that calls the shots on strategic decisions. That governance structure means the investment committee answers to a board where the largest shareholder is also the largest competitor — a constraint no family office faces.

## Sectors

- Financial Services
- Private Credit
- Real Estate

## People

- Prashant Kumar — Managing Director & CEO

## Questions

### Who runs investment decisions at Yes Bank?

CEO Prashant Kumar, a former State Bank of India deputy managing director, has led the bank since the 2020 RBI-led rescue. Lending and treasury decisions fall to the bank's management committee and board, where State Bank of India holds roughly 30% equity and substantial influence. The bank operates under close regulatory supervision, meaning credit and investment committees face additional central bank oversight.

### How is Yes Bank related to State Bank of India?

State Bank of India is the largest shareholder, holding approximately 30% after leading the consortium that rescued Yes Bank in March 2020. SBI's chairman and nominees sit on the board, giving a state-controlled institution significant sway over strategy, governance, and capital allocation.

### What is Yes Bank's exposure to distressed assets?

After the 2020 rescue, the bank inherited a large non-performing loan book from the previous management's aggressive corporate lending. It has since sold multiple stressed loan pools to asset reconstruction companies, including a roughly $600 million transfer to JC Flowers ARC in 2024. The bank reports its gross NPA ratio has declined but remains a material line item.

### Does Yes Bank invest in startups or venture capital?

Yes Bank has historically provided banking services to startups and maintained a small innovation fund, but it is primarily a lender, not a venture investor. Its corporate banking division does not run a material direct-equity venture portfolio.

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Last updated: 2026-06-03T20:00:00.000Z

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