Monday, 5 August 2013

Yes Bank loses shine as India liquidity ebbs

For most of the past decade Yes Bank has been the fastest-growing and highest-profile upstart in a new generation of Indian private banks. But in the aftermath of government moves to prop up the nation's currency, it is gaining a fresh reputation as the biggest loser from India's new moment of tighter liquidity.

Founded in 2004, Yes Bank has expanded rapidly to become the country's fourth-largest private bank by loans, with after-tax profits growing at an eye-catching compound annual rate of 44 per cent over the last five years - creating an unorthodox image bolstered by the group's charismatic and publicity-loving founder Rana Kapoor.

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