ABOUT 

Yes bank limited derives most of its revenues through arranging syndicate loans and through corporate banking. It operates as three entities - Yes Bank, Yes Capital and Yes asset management services.

As per the bank's website and information published, these are bifurcated as:

• Corporate and institutional banking
• Commercial banking
• Corporate Financing
• Financial marketing
• Retail banking

As of September 2018, Yes bank had taken syndicate loans from eight large international entities including ADB, OPIC, European Investment Bank, banks in Taiwan and Japan for amounts ranging from US$ 30 Millon to US$ 410 Millon, which it, in turn, lends to small and medium scale enterprises as well as large corporates. It has also both taken as well as given short term loans to a number of retail and corporate banks in Taiwan, Japan, USA and Europe. It has a strategic partnership with the US government based OPIC and with Wells Fargo.

OPERATIONS:

As on 31 December 2017, Yes bank had 1050 branches and 1724 ATMs in India. It had a balance sheet size of ₹ 250,000 crore and Gross NPA of 1.72%, making it the fourth largest private sector bank in India.

WHY STOCK WAS IN DOWNTREND

 YES BANK  was in a downtrend because of several questions that were asked by RBI got no satisfactory answers from RANA KAPOOR, CEO about NPA's. RBI was claiming that yes bank is hiding their NPA's and therefore made Rana Kapoor find his successor of yes bank as CEO and MD position. By which Rana Kapoor demanded an extension of his position to find successor but RBI refused and ordered to quit his position and declare the name of the successor as scheduled on 31st January. By all these events stock price of yes bank kept falling. by the present, yes bank is fallen almost 40% on year while gaining 18.15% in just a month after the declaration of Ravneet Gill as CEO,MD.

Another fact is that market is on correction mode makes yes bank too pulled in away,

RAVNEET GILL, CEO APPOINTED

Ravneet Gill, new CEO of YES BANK may have money on his mind but his heart is in art and he is mad about cricket. 

Gill will succeed Rana Kapoor. Yes Bank had been on the hunt for a new CEO since founder Kapoor was denied another three-year term in September last year by the RBI. The bank had until January 31 to find a replacement, according to a timeline set by the banking regulator. 

Gill has handled capital markets, treasury, structured finance, foreign exchange, transaction banking, risk management and private banking. 

Gill, who studied at Modern School and Hindu College in Delhi, joined Deutsche Bank in 1991 and became its India CEO in 2012. 

He has played competitive cricket and also knows many Indian cricketers. Kapil Dev used to be his favourite. Tendulkar, Mahendra Singh Dhoni, Virender Sehwag, Rahul Dravid, Shikhar Dhawan and Virat Kohli are his favourite.

Romesh Sobti, MD & CEO of IndusInd BankNSE -0.36 % and a family friend, met Gill for the first time in Delhi on a cricket ground in the 90s. Sobti was an opening batsmen for ANZ Grindlay’s cricket team and Gill a fast bowler for DB. “I will never forget him, he got me on one of the fast deliveries which also gave me an injury,’’ said Sobti. “He is very professional, respectful, traditional, soft spoken and not socially aggressive,’’ Sobti told ET in 2012. 

Gill used to play tennis-ball cricket with Raghuram Rajan, the former RBI governor. "We were next door neighbours for many years. We used to play tennis-ball cricket every evening. One day he got me out and went on a celebratory run! This was at Moti Bagh in Delhi," he told ET. 

Gill is also a great fan of the Indian Premier League and regrets he can’t own a team. He believes in supporting the young boys and the team through thick and thin. That reflects a personality willing to encourage young talent and stand for his team. He is also willing to give individuals the leeway to make mistakes as they execute strategies and deals. 

Collecting art too is Gill’s passion. "Deutsche Bank has one of the world’s largest collection of contemporary art and so if you work at the bank for as long as I have, you cannot help but get exposed to some really good art," he told ET. He had S.H. Raza’s famous Bindu painting in his cabin. 

Gill wanted to get into the civil services like his father. "I studied with that perspective in mind, but in the mid-80s banking just took off and a lot of my friends went into banking and suddenly it became a career option for me as well," he said. 

According to Gill, he was mentored by several top bankers at different stages. "The influential ones were Ajay Bimbhet, former MD & CEO, Royal Sundaram Alliance Insurance; SN Kapur and Ravi Singh; Anshu Jain and Jürgen Fitschen, who were .. 

YES BANK Q3 PERFORMANCE NOT BAD:

YES Bank on Thursday reported a 6.96 per cent year-on-year drop in net profit at Rs 1,002 crore for the December quarter, lower than Rs 1,078 crore estimated by analysts in an ET Now poll. 

The private lender had reported a profit of Rs 1,076.87 crore in the year-ago quarter. Net interest income (NII), the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, rose 41.2 per cent YoY for the quarter to Rs 2,666.40 crore. It was up 10.3 per cent sequentially. 

MARKET WELCOMED RAVNEET GILL

Shares of Yes BankNSE 1.95 % rallied as much as 10 per cent on early Friday after the lender on Thursday named Ravneet Singh Gill as the new MD and CEO to succeed Rana Kapoor, whose term ends on January 31. 

Meanwhile, Yes Bank posted a 6.96 per cent drop in net profit at Rs 1,001.85 crore for the quarter ended December 2018. Net profit stood at Rs 1,076.87 crore in the corresponding quarter of 2017-18. 

Global brokerage firm CLSA maintained ‘Buy’ rating on YES Bank with a target.

Motilal Oswal  firm maintained Buy rating increasing target to 280.

Let's see what reforms will be introduced by Ravneet Gill and we give a "thumbs up" to him.

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