What's going on in YES BANK - CRISIS EXPLAINED


History of Yes Bank: Yes Bank, one of the new generation private banks, was established in 2004 by two top notch professionals Rana Kapoor and Ashok Kapur. The bank indulged in high risk lending and gave loans to those who could not raise funds elsewhere. Clearly, those loans were not repaid which ruined the financial position of the bank. It is India’s fifth largest private sector bank. T