Yes Bank

Yes Bank is a private sector bank in India headquartered in Mumbai. It was founded by Rana Kapoor and Ashok Kapur and listed on Indian stock exchanges after an initial public offer in June 2005. Its shares trade on the NSE under the symbol YESBANK and on the BSE under the code 532648.

On 5 March 2020 the Reserve Bank of India superseded the bank’s board and imposed a 30-day moratorium, capping withdrawals at Rs 50,000 for a month with some exceptions. The Union Cabinet approved a reconstruction scheme on 13 March 2020 and the bank resumed full operations on 18 March 2020. Seven investors, including the State Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank, put in about Rs 12,000 crore. In March 2020 the bank also wrote down Rs 8,415 crore of Additional Tier-1 (AT1) bonds.

That write-down is now before the courts. On 15 October 2026 the Supreme Court quashed it, upholding a Bombay High Court order of January 2023. On 13 November 2026 Yes Bank filed a review petition under Article 137 of the Constitution, Business Upturn reported, citing the bank’s exchange filing.

Sources: Wikipedia, Wikidata, Business Upturn, Indian Opinion.