The Daily Brief Yes Bank's Big Comeback?
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May 13, 2025 Yes Bank has staged an impressive comeback with a major investment from Sumitomo Mitsui Banking Corporation, signaling hope for the Indian banking sector. The podcast explores Yes Bank's tumultuous journey from crisis to revival, revealing crucial rescue measures. Meanwhile, the Indian jewelry market is booming, with brands like Titan and Kalyan Jewelers adapting to changes in gold prices and consumer preferences, including the rise of lab-grown diamonds. Tune in for insights into these transformative trends shaping the economy.
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Yes Bank's Risky Lending Story
- Yes Bank aggressively grew by lending to risky corporate borrowers like DHFL and Jet Airways.
- This risky lending led to defaults, under-reported bad loans, and a banking crisis by 2019.
Yes Bank's 2020 Rescue Detailed
- RBI intervened in 2020 to rescue Yes Bank by imposing withdrawal limits and raising fresh capital.
- New leadership focused on cleaning up the balance sheet and reducing risky loans.
SMBC's Strategic Indian Entry
- SMBC's acquisition of Yes Bank aligns with their strategy of buying existing banks across Asia.
- Yes Bank offers SMBC a stable, growing platform in India with wide reach and a banking license.