The Banker Who Crushed His Diamonds by Furquan Moharkan (read novel full txt) 📕

Bank IPO was priced at Rs 45 per share as it received the maximum number of bids at this price. The IPO, which was through a book-building route, had a price band of Rs 38 to Rs 45 per share. The IPO received 2,57,000 bids, resulting in a subscription of over thirty times

YES Bank launches international gold, silver debit card

2006

6 December: YES Bank launches YES Microfinance

2007

April: YES Bank received the Euromoney-Trade Finance ‘Deal of The Year’ award for a structured and innovative rural financing solution in providing loans to over 2000 nomadic honey-bee farmers in Jammu and Kashmir. It was the only Indian private sector bank to have won this award as the lead arranger out of a total of 367 deals presented across thirty countries

2008

April: YES Bank appoints Radha Singh and Ajay Vohra as independent director(s) on the board of Yes Bank, w.e.f. 29 April 2008.

May: The bank and PTC+, a premier Dutch practical training institution in the field of high-technology agriculture, announced an alliance to develop projects and encourage innovations in the agro sector and other initiatives in the field of agro infrastructure

August: YES Bank ties up with Cisco for voice-enabled phone banking

24 November: The UAE-based private bank, Mashreq, entered into an alliance with YES Bank to launch global Indian banking services across UAE

26 November: YES Bank chairman Ashok Kapur killed in the 26/11 terror attack

2009

SKS Microfinance signs a securitization deal worth Rs 100 crore with YES Bank. This deal allowed the bank to purchase 1,48,950 microloans extended to unbanked SC, ST and minorities’ families identified by the RBI as weaker sections. The transaction has been rated as ‘Very Strong Safety’ by CRISIL

The bank signs a loan agreement with development finance institution DEG, under which it will borrow a five-year loan of 20 million euros. The DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH) is one of Europe’s largest development finance institutions

YES BANK awarded the ‘Most Innovative Bank in India’ at the New Economy First Annual Banking and Finance Awards 2008 held in London and announced in the December 2008 issue of the New Economy. YES BANK is the only Indian bank to have won this award

2010

YES Bank joined hands with handset maker Nokia to offer mobile payment services that would enable consumers to pay for goods and services using their mobile devices.

YES Bank raises $225 million (Rs 1033.87 crore) through a qualified institutions placement

YES Bank commences operations in Assam

YES Bank takes off into the Next Generation Phase - and launches version 2.0

YES Bank receives Baa3 long-term international rating from Moody’s

2011

YES Bank enters into a strategic alliance with DHFL

YES Bank hikes saving deposit rate from 6 per cent to 7 per cent

YES Bank recognized as ‘India’s Fastest Growing Bank of the Year’ at the Bloomberg UTV Financial Leadership Awards 2011

YES Bank enters into a memorandum of understanding (MoU) with the Government of Gujarat

YES Bank awarded ISO 27001:2005 certification

2012

YES Bank launches ‘Auto Credit Service to boost its low-cost deposits and attract retail customers

YES Bank gets RBI nod for broking subsidiary

YES Bank awarded the Financial Insights Innovation Award at the Asian Financial Services Congress, Singapore

YES Bank establishes its presence in Thiruvananthapuram, Kerala

YES Bank launches India’s first social deposit account

2013

YES Bank joins the Indian Premier League (IPL) with a five-year sponsorship deal

CCEA approves YES Bank’s proposal to raise foreign holdings to 60 per cent

YES Bank tries appointing three top management executives as whole-time directors. Madhu Kapur, wife of Ashok Kapur, goes to court against it.

YES Bank forms alliance with Credit Ratings for small and medium enterprise (SME) segment services

YES Bank inks MoU with Austrade to explore agricultural business opportunities

2014

YES Bank receives ratings upgrade from ICRA Limited on its various debt programmes

YES Bank signs a MoU with The Energy and Resources Institute (TERI) to promote sustainable development in India

YES Bank mulls to expand retail business

YES Bank enters into home loan business

2015

YES Bank loses case against Madhu Kapur

YES Bank signs up with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and Wells Fargo to support small business growth

YES Bank launches India’s first Green Infrastructure Bond Issue of Rs 500 crore plus Greenshoe

YES Bank sets up a representative office in Abu Dhabi, UAE

YES Bank becomes the first Indian bank to be selected in Dow Tones Sustainability Indices

YES Bank and London Stock Exchange Group sign a MoU

YES Bank signs an agreement with OPIC

YES Bank signs loan agreements with OPIC and Wells Fargo to support small business growth in India

2016

YES Bank has acquisition of stake in the Institutional Investor Advisory Services (IiAS)

YES Bank’s FIIs/ RFPIs limit increased to 60 per cent from 49 per cent

YES Bank granted in-principle approval by SEBI for custodian of securities business

YES Bank receives Government of India and CCEA approval to increase foreign investment limit to 74 per cent

YES Bank receives in-principle approval from SEBI for setting up of mutual fund, asset management and trustee

YES Bank bags dual ISO certification for learning and development

YES Bank launches SIMsePAY-Industry First Innovation to empower all citizens to broad-base digital banking

YES Bank awarded ‘The Best Bank at National Level’ by State Forum of Bankers’ Clubs, Kerala.

2017

YES Bank partners with Gupshup to introduce artifical intelligence-powered chatbots for instant loan offering

YES Bank launches first-in-industry customizable savings account

YES Bank awarded for ‘API Banking’ innovation at FinTec India conference and awards

YES Bank and Andhra Pradesh Non-Resident Telugu Society (APNRTS) enter into strategic partnership

YES Bank becomes the first bank globally to migrate to the new ISO 14001:2015 certification

YES Bank adjudged ‘Best Technology Bank of the Year’ at Indian

YES Bank recognized as the ‘Best Social Bank’ (in the mid-sized bank category) during the ASSOCHAM 12th Annual Banking Summit-cum-Social Banking Excellence Awards

YES Bank partners with Paisabazaar.com

YES Bank certified by BSI for ERM framework

2018

RBI says no to extending tenure of Rana Kapoor as bank chief

YES Bank starts reconciliation with Madhu Kapur

2019

Rana Kapoor is forced to step down by RBI

Ravneet Gill takes over as YES Bank chief

Shagun Kapoor, daughter of Ashok Kapur, drafted on the board of the bank

YES Bank starts reporting massive losses; non-performing assets (NPAs) tumble out

YES Bank starts looking for funds

Rana