Yes Bank Ltd IPO

About Yes Bank Ltd

Yes Bank Limited was incorporated on November 21, 2003, in Mumbai, under the Companies Act, 1956 and a certificate of incorporation was granted to the Bank by the Registrar of Companies, Maharashtra at Mumbai. A certificate of commencement of business dated January 21, 2004 was issued to the Bank by the Registrar of Companies, Maharashtra at Mumbai. The Bank is a scheduled commercial bank within the meaning of the RBI Act, and received a license to commence banking operations in India from the RBI on May 24, 2004. Further, the RBI by its letter dated September 2, 2004, included the Bank in the second schedule of the RBI Act with effect from August 21, 2004 and a corresponding notification was published in the Official Gazette of India (Part III - Section 4) on August 16, 2004.

The Indian banking industry is affected by the Indian and global economy. The Indian banking industry is constituted by several players, including, the RBI, public and private sector banks, foreign banks and cooperative banks. The RBI is the central regulatory and supervisory authority for Indian banks and nonbanking finance companies. Following several governmental reforms beginning in 1991, the industry became increasingly liberalized, intensifying competition within the industry. Recent structural reforms within the industry and new policy changes, including relief packages introduced by the government to mitigate the impact of the COVID-19 pandemic, continue to affect the banking industry.

Yes Bank Limited, is a high quality, customer centric and service driven bank. Since inception in 2004, the Bank has grown into a `Full Service Commercial Bank' providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. The Bank operates its investment banking, merchant banking & brokerage businesses through YSIL, and its mutual fund business through YAML, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

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