It's been called the Biggest Banking story of 2020, one that has rescued the savings of lakhs of depositors and restored the confidence in the Banking sector. At a very critical juncture - the Govt of India successfully managed to save Yes Bank from further trouble and set it towards a path of rapid recovery and massive growth. In 9 short months - #YesBank is back to clocking profits & and its Yes Bank Share Price is triggering the upper circuit of the exchanges.
How did this transformation happen? - We find out in this episode and while the story of Yes bank's recovery is fascinating - it has some valuable lessons for the citizens and depositors who need to be more financially aware. We also try and answer the most common question you have asked this year - IS YOUR MONEY SAFE IN THE BANK??? (and what can u do to ensure that you are never locked out from your hard earned money)
Here's wishing that you take some learnings from this story of an amazing bounceback by Yes Bank and have a safe and FINANCIALLY secure 2021!!!!
CHAPTER HEADS -
00:00 - Did ANYTHING good happen in 2020!!!???
00:55 - Is your money Safe in the Bank? - most common question!
01:30 - Why 2020 was a Dramatic (yet happy one) for Yes Bank depositors?
02:05 - How the Govt stepped in at a critical point to handle the matter
02:30 - Enter the saviour - Prashant Kumar
03:05 - Lessons from the Yes Bank Story
05:10 - Getting Yes Bank on the track to greater growth
05:40 - Why Yes Bank has become a model for other banks as well
07:40 - What should you remember from the Yes Bank story?
Further Reading about - www.yesbank.in/
Yes Bank posts Rs 130 crore net profit in Q2
Times of India - m.timesofindia.com/business/india-business/yes-bank-posts-rs-130-crore-net-profit-in-q2/articleshow/78830813.cms
YES Bank Q2 results: Private lender reports net profit of Rs 129 cr, provisions decline 11% YoY
Economic Times- m.economictimes.com/markets/stocks/earnings/yes-bank-q2-results-private-lender-reports-net-profit-of-rs-129-cr-provisions-decline-11-yoy/articleshow/78828270.cms?
Yes Bank posts Q2 PAT at Rs 129 cr; NII falls 9.7% YoY
Business Standard- wap.business-standard.com/article/news-cm/yes-bank-posts-q2-pat-at-rs-129-cr-nii-falls-9-7-yoy-120102301164_1.html
We are working towards doubling our deposit base
The Week: www.theweek.in/theweek/business/2020/12/03/we-are-working-towards-doubling-our-deposit-base.html
How Yes Bank recovery accelerated during Covid
The Economic Times: economictimes.indiatimes.com/markets/expert-view/how-yes-bank-recovery-accelerated-during-covid-times-prashant-kumar/articleshow/78869822.cms
YES Bank crisis: How SBI executed a perfect 'rescue plan'
Business Today: www.businesstoday.in/sectors/banks/yes-bank-crisis-how-sbi-executed-a-perfect-rescue-plan/story/397777.html
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