MIRA INFORM REPORT

 

 

Report No. :

350351

Report Date :

19.11.2015

 

 IDENTIFICATION DETAILS

 

Name :

YES BANK LIMITED

 

 

Registered Office :

9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra

Tel. No.:

91-22-66699000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

21.11.2003

 

 

Com. Reg. No.:

11-143249

 

 

Capital Investment / Paid-up Capital :

Rs.4177.361 Million

 

 

CIN No.:

[Company Identification No.]

L65190MH2003PLC143249

 

 

IEC Code:

0310007151

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMY01286F

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Public Limited Liability Bank. The Bank’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

Banking Activities

 

 

No. of Employees :

Information declined by the management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aa (71)

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

Comments :

Subject is a well-established and reputed private sector bank incorporated in the year 2003 having fine track.

 

In has reported decent increase in its revenue base along with consistence performance with Profit after Tax (PAT) increased to Rs. 20050.000 Million in FY15 from Rs. 16170.000 Million in FY14.

 

Financial position of the bank is sound. Fundamentals of the bank is healthy. The current market capitalization stands at Rs. 313344.300 Million and the shares are traded with the market price of Rs. 7514.500 as on 17th November 2015.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments.

 

The bank can be considered good for normal business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

ICRA

Rating

Basel III Complaint Tier II Bond Programme (AA+)

Rating Explanation

High degree of safety and very low credit risk.

Date

July 2015

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

 

 

INFORMATION DENIED

 

Management non-cooperative

 

(Tel. No.: 91-22-66699000)

 

 

LOCATIONS

 

Registered Office/ Corporate Headquarters :

9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India

Tel. No.:

91-22-66699000

Fax No.:

91-22-24900314

E-Mail :

shareholders@yesbank.in

yestouch@yesbank.in

Website :

http://www.yesbank.in

 

 

Northern Regional Corporate Office :

48, Nyaya Marg, Chanakya Puri, New Delhi – 110 021, India

Tel. No.:

91-11-66569000

Fax No.:

91-11-51680144

 

 

Abu Dhabi Representative Office:

205, Al Ghaith Office Tower, Hamdan Street, PO Box 30848, Abu Dhabi, UAE

Tel. No.:

971 (2) 6653121/25

 

 

Branch Network :

NORTH: Agra, Ajnala, Aligarh, Allahabad, Alipur, Alwar, Ambala Cantt, Amritsar, Anantnag, Anupshahr, Baddi, Badli, Badshahpur, Baghpat, Bahadurgarh, Banga, Banur, Bara Banki, Bareilly, Barnala, Bawal, Begowal, Behror, BhangRola, Bhatinda, Bhiwadi, Bilari, Bishanpura, Chandigarh (3), Cheeka, Damdama, Daula, Dasna, Dasuya, Dayalbagh, Debai, Dehradun, Derabassi, Dhampur, Dhand, Dharamsala, Dharuhera, Dhuri, Dundahera, Faridabad, Fatehabad, Firozabad, Firozpur, Gajraula, Ganaur, Garhi Harsaru, Ghaziabad(2), Gohana, Gorakhpur, Goraya, Greater Noida, Gulaothi, Gurgaon (6), Haileymandi, Hayatpur, Jalandhar, Jammu, Jandiala, Jaspur.Jhajjar.Jhansi, Jind, Kaithal, Kalka, Kangra, Kanpur, Kapurthala, Karnal, Karola, Kartarpur, Kasana, Kashipur, Katra, Khairthal, Khandewla, Khandsa, Kharar (2), Khekra, Kherla, Kisangarh, Kosi Kalan, Kunda, Kundli, Kurali, Lohian Khas, Lucknow, Ludhiana (2), Mahilpur, Manali, Mandi Gobindgarh, Manesar, Mathura, Meerut, Modinagar, Mohali, Moradabad, Morinda, Mukerian, Muktsar, Mussoorie, Nakodar, Nangal, Narnaul, Narwana, Nawada Fatehpur, Nawanshahr, Neemrana, New Delhi (44), Noida (2), Nurmahal, Panchkula, Panipat, Paonta Sahib, Pathankot, Patiala, Phullanwala, Pinjore, Rai, Rajpura, Ramnagar, Rayya, Rehtoj, Rishikesh, Rudrapur, Rupnagar (Ropar), Safidon, Saharanpur, Sahnewal, Samalkha, Sankhoi, Sardhana, Shakarpur, Shikarpur, Shimla, Shrinagar (Hathras), Siana, Sohana, Solan, Sonepat, Srinagar, Sultanpur Lodhi, Taoru, Tohana, Udhampur, Una, Urmar Tanda, Wazirabad, Yamuna Nagar, Zirakpur (2)

 

WEST: Abu Road, Adalaj, Ahmadnagar, Ahmedabad (5), Anand, Aurangabad, Balotra, Banswara, Bardoli, Barmer, Baroda, Bavla, Bharuch, Bhavnagar, Bhorwadi, Bhilwara, Bhinmal, Bhopal, Bilara, Bodakdev, Bodeli, Butibori, Calangute, Chakan, Chikhli, Chimbhali, Chiplun, Chrttaurgarh, Curchorem, Dahej, Daman, Deesa (M), Deogarh, Deoli, Dewas, Dwarka, Gandhinagar, Halol, Igatpuri, Indore, Itrasi, Jaipur (2),Jalgaon, Jalor, Jodhpur, Kolhapur, Kota, Mandideep, Mapusa, Margao, Merta City, Mumbai Metropolitan Region (49), Nagaur, Nagpur, Nashik(2), Nasirabad, Nathdwara, Neem-Ka-Thana, Niwai, Nokha, Ozar, Padra, Panjim, Pen, Pilani, Ponda, Por, Pune (6), Rajgurunagar (Khed), Rajkot, Rajsamand, Roha, Sachin, Sanand, Sehore, Sendhwa, Shahpura, Sihorli, Silvassa, Sinnar, Sumerpur, Surat (3), Udaipur, Ujjain, Urn red, Unjha, Vallabh Vidyanagar, Vapi, Varca, Vijapur, Waluj, Warulwadi, Yeola

 

SOUTH: Ambur, Bangalore (7), Chennai (5), Coimbatore, Devanahalli, Hosur, Hubli -Dharwad, Hyderabad (6), Kannur, Kochi, Kurichi, Malapuram, Mangalore, Narasaraopet, Salem, Shamshabad, Sriperumbudur, Suryapet, Thiruvanantapuram, Vijayawada, Vizag, Vizianagaram, Warangal

 

EAST: Adityapur, Agartala, Aizwal, Asansol, Bardhaman, Bhubhaneshwar, Bidhan Nagar, Chas - Bokaro, Dhanbad, Durg Bhilai, Durgapur, Gangtok, Guwahati, Howrah, Itanagar, Jorhat, Kalyani, Kolkata (4), Patna, Puri, Raipur, Ranchi, Rourkela, Shillong, Silchar, Tezpur

 

 

DIRECTORS

 

As on: 31.03.2015

 

Name :

Mr. Rana Kapoor

Designation :

Managing Director and Chief Executive Officer

 

 

Name :

Ms. Radha Singh

Designation :

Independent Director Non-Executive Chairpersons

 

 

Name :

Mr. Ajay Vohra

Designation :

Independent Director

 

 

Name :

LT. Gen. (Retired) Mr. Mukesh Sabharwal

Designation :

Independent Director

 

 

Name :

Mr. Diwan Arun Nanda

Designation :

Independent Director

 

 

Name :

Mr. M. R. Srinivasan

Designation :

Non-Independent and Non-Executive Chairpersons Director From June, 2013 – till date

 

 

Name :

Mr. Ravish Chopra

Designation :

Non-Independent Director

 

 

Name :

Brahm Dutt

Designation :

Non-Independent Director

 

 

Name :

Mr. Saurabh Srivastava

Designation :

Independent Director

 

 

Name :

Vasant V Gujarathi

Designation :

Independent Director

 

 

Name :

Late Mr. Ashok Kapur

Designation :

Non – Executive Chairpersons From September, 2004 –

November, 2008

 

 

Name :

Mr. S. L. Kapur

Designation :

Non – Executive Chairpersons From January, 2009 – April, 2012

 

 

KEY EXECUTIVES

 

MANAGEMENT TEAM

 

Name :

Mr. Shivanand R Shettigar

 

Designation :

Secretary

 

 

Name :

Mr. Abhay Sapru

 

Designation :

President and Country Head Infrastructure and Network Management

 

 

Name :

Mr. Ajit Chandgude,

Designation :

President

 

 

Name :

Mr. Aditya Sanghi

Designation :

President and Senior Managing Director Investment Banking

 

 

Name :

Mr. Ajay Desai

Designation :

President and Chief Financial Inclusive Officer and Social Banking

 

 

Name :

Ajay Mehta

Designation :

President

 

 

Name :

Akash Prasad

Designation :

President

 

 

Name :

Akshay Sapru

Designation :

President

 

 

Name :

Amit Sureka

Designation :

Senior President

 

 

Name :

Amit Dhawan

Designation :

Senior President

 

 

Name :

Amit Kumar

Designation :

Senior President

 

 

Name :

Mr. Amit Shah

Designation :

President

 

 

Name :

Anand Ganesan

Designation :

President

 

 

Name :

Mr. Anand Bais

Designation :

President

 

 

Name :

Mr. Anand Bajaj

Designation :

President

 

 

Name :

Mr. Anindya Datta

Designation :

Group President

 

 

Name :

Mr. Anup Purohit

Designation :

Senior President

 

 

Name :

Mr. Aparajit Bhandarkar,

Designation :

President

 

 

Name :

Arun Agrawal

Designation :

Group President

 

 

Name :

Aseem Gandhi

Designation :

Senior President

 

 

Name :

Ashish Agarwal

Designation :

Group President

 

 

Name :

Ashish Chandak

Designation :

President

 

 

Name :

Asit Oberoi

Designation :

Senior President

 

 

Name :

Aspy Engineer

Designation :

President

 

 

Name :

Astitwa Pandey

Designation :

President

 

 

Name :

Chitra Pandeya

Designation :

President

 

 

Name :

Deodutta Kurane

Designation :

Group President

 

 

Name :

Devamalya Dey

Designation :

Group President

 

 

Name :

Deepak Kumar Mandhwani

Designation :

President

 

 

Name :

Ganesh Narayanan

Designation :

President

 

 

Name :

Dhavan Shah

Designation :

President

 

 

Name :

Gaurav Goel,

Designation :

Senior President

 

 

Name :

Jaideep Iyer

Designation :

Group President

 

 

Name :

Jyoti Gandhi

Designation :

President

 

 

Name :

Jyoti Prasad Ratho

Designation :

President

 

 

Name :

K. Somasundaram

Designation :

Senior President

 

 

Name :

Kanwar Vivek

Designation :

Senior President

 

 

Name :

Kapil Juneja

Designation :

Senior President

 

 

Name :

Karan Ahluwalia

Designation :

President

 

 

Name :

Kingshuk Chakraborty

Designation :

Senior President

 

 

Name :

Lata Dave

Designation :

President

 

 

Name :

Malcolm Athaide

Designation :

Senior President

 

 

Name :

Manish Vora

Designation :

Senior President

 

 

Name :

Manish Agarwal

Designation :

President

 

 

Name :

Manoj Phadnis

Designation :

President

 

 

Name :

Manoj Ralhan

Designation :

President

 

 

Name :

Munindra Verma

Designation :

President

 

 

Name :

Namita Vikas

Designation :

Senior President

 

 

Name :

Narendra Dixit

Designation :

President

 

 

Name :

Nikhil Sahni

Designation :

Senior President

 

 

Name :

Nipun Jain

Designation :

President

 

 

Name :

Nirav Dalal

Designation :

Senior President

 

 

Name :

Nitin Puri

Designation :

President

 

 

Name :

Nitin Sane

Designation :

President

 

 

Name :

P. Rakesh

Designation :

Managing Director

 

 

Name :

Parag Gorakshakar

Designation :

Senior President

 

 

Name :

P P Doraiswamy,

Designation :

President

 

 

Name :

Neelesh Sarda

Designation :

Senior President

 

 

Name :

Niranjan Banodkar

Designation :

President

 

 

Name :

Pawan Kumar Agrawal

Designation :

President

 

 

Name :

Peacho Dhaul

Designation :

President

 

 

Name :

Pralay Mondal

Designation :

Senior Group President

 

 

Name :

Pramesh Khanna

Designation :

President

 

 

Name :

Preeti Sinha

Designation :

Senior President

 

 

Name :

Pran Jain

Designation :

President

 

 

Name :

Punit Malik

Designation :

Group President

 

 

Name :

R. Ravichander

Designation :

Group President

 

 

Name :

Rajat Monga

Designation :

Senior Group President

 

 

Name :

Rajeev Mahajan

Designation :

Senior President

 

 

Name :

Rajesh Jhunjhunwala

Designation :

President

 

 

Name :

R Ramanujam

Designation :

President

 

 

Name :

Rajat Mehta

Designation :

President

 

 

Name :

Rajesh Thapar

Designation :

President

 

 

Name :

Rajiv Anand

Designation :

President

 

 

Name :

Rajnish Datta

Designation :

Senior President

 

 

Name :

Rakesh Arya

Designation :

Senior President

 

 

Name :

Ramanand Pulavarti

Designation :

President

 

 

Name :

Rinki Dhingra

Designation :

President

 

 

Name :

Ratan Kesh

Designation :

Senior President

 

 

Name :

Ritesh Pai

Designation :

Senior President

 

 

Name :

Sandip Kar

Designation :

President

 

 

Name :

Sanjay Palve

Designation :

Senior Group President

 

 

Name :

Sanjay Agrawal

Designation :

Senior President

 

 

Name :

Sanjay Mandavkar

Designation :

Senior President

 

 

Name :

Sanjay Nambiar

Designation :

Group President

 

 

Name :

Sanjeev Pandey

Designation :

President

 

 

Name :

Sanjiv Misra

Designation :

President

 

 

Name :

Satya Mohapatra

Designation :

President

 

 

Name :

Shivanand Shettigar

Designation :

Group Executive Vice President

 

 

Name :

Shubhada Rao

Designation :

Senior President

 

 

Name :

Subramanian Ayyar

Designation :

President

 

 

Name :

Sumit Gupta

Designation :

Group President

 

 

Name :

Sumit Kakkar

Designation :

Senior President

 

 

Name :

Surendra Jalan

Designation :

Group President

 

 

Name :

Swati Dakalia

Designation :

President

 

 

Name :

Sushil Budhia

Designation :

Managing Director

 

 

Name :

Tushar Pandey

Designation :

Senior President

 

 

Name :

Umesh Gore

Designation :

President

 

 

Name :

Vijay Kumar

Designation :

Senior President

 

 

Name :

Vijay Kumar Ramakrishna

Designation :

President

 

 

Name :

Vikas Dawra

Designation :

Managing Director

 

 

Name :

Vinod Bahety

Designation :

Senior President

 

 

Name :

Vivek Bansal

Designation :

President

Name :

Yogesh Budhiraja

Designation :

President

 

 

Name :

Yogesh Kapoor

Designation :

President

 

 

Name :

Yogesh Shetye

Designation :

President

 

 

Name :

Vinod Lund

Designation :

President

 

 

Name :

Warren Patrick

Designation :

President

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2015

 

Category of Shareholder

Total No. of Shares

Total Shareholding as a % of Total No. of Shares

 

(A) Shareholding of Promoter and Promoter Group

http://www.bseindia.com/include/images/clear.gif(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

55125000

13.16

http://www.bseindia.com/include/images/clear.gifBodies Corporate

37017450

8.84

http://www.bseindia.com/include/images/clear.gifSub Total

92142450

22.00

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

92142450

22.00

(B) Public Shareholding

 

 

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gifMutual Funds / UTI

42946387

10.26

http://www.bseindia.com/include/images/clear.gifFinancial Institutions / Banks

3005283

0.72

http://www.bseindia.com/include/images/clear.gifInsurance Companies

51074369

12.20

http://www.bseindia.com/include/images/clear.gifForeign Institutional Investors

172776028

41.26

http://www.bseindia.com/include/images/clear.gifSub Total

269802067

64.43

http://www.bseindia.com/include/images/clear.gif(2) Non-Institutions

 

 

http://www.bseindia.com/include/images/clear.gifBodies Corporate

10858911

2.59

http://www.bseindia.com/include/images/clear.gifIndividuals

 

 

Individual shareholders holding nominal share capital up to Rs. 0.100 Million

26655799

6.37

Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million

12757088

3.05

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

6553379

1.56

http://www.bseindia.com/include/images/clear.gifClearing Members

2483023

0.59

http://www.bseindia.com/include/images/clear.gifNon Resident Indians

2557859

0.61

http://www.bseindia.com/include/images/clear.gifTrusts

706208

0.17

http://www.bseindia.com/include/images/clear.gifHindu Undivided Families

805859

0.19

http://www.bseindia.com/include/images/clear.gifForeign Individuals

430

0.00

http://www.bseindia.com/include/images/clear.gifSub Total

56825177

13.57

Total Public shareholding (B)

326627244

78.00

(A) Shareholding of Promoter and Promoter Group

http://www.bseindia.com/include/images/clear.gif(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

55125000

13.16

http://www.bseindia.com/include/images/clear.gifBodies Corporate

37017450

8.84

http://www.bseindia.com/include/images/clear.gifSub Total

92142450

22.00

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

92142450

22.00

(B) Public Shareholding

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gifMutual Funds / UTI

42946387

10.26

 

 

 

 

SHAREHOLDING OF SECURITIES (INCLUDING SHARES, WARRANTS, CONVERTIBLE SECURITIES) OF PERSONS BELONGING TO THE CATEGORY PROMOTER AND PROMOTER GROUP

 

No.

Name of the Shareholder

Details of Shares held

Encumbered shares (*)

Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital

No. of Shares held

As a % of grand total (A)+(B)+(C)

No

As a percentage

As a % of
grand total
(A)+(B)+(C) of sub-clause (I)(a)

1

Rana Kapoor

2,00,00,000

4.78

0

0.00

0

0.00

2

Yes Capital (India) Private Limited

1,51,25,000

3.61

0

0.00

0

0.00

3

Morgan Credits Private Limited

1,40,50,000

3.36

0

0.00

0

0.00

4

Madhu Kapur

3,51,25,000

8.39

0

0.00

0

0.00

5

Mags Finvest Private Limited

78,42,450

1.87

0

0.00

0

0.00

 

Total

9,21,42,450

22.00

0

0.00

0

0.00

 

 

 

SHAREHOLDING OF SECURITIES (INCLUDING SHARES, WARRANTS, CONVERTIBLE SECURITIES) OF PERSONS BELONGING TO THE CATEGORY PUBLIC AND HOLDING MORE THAN 1% OF THE TOTAL NUMBER OF SHARES

 

No.

Name of the Shareholder

No. of Shares held

Shares as % of Total No. of Shares

Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital

1

Platinum Asia Fund

5916000

1.41

1.41

2

Life Insurance Corporation of India Along With Its Various Schemes

37384611

8.93

8.93

3

Morgan Stanley Asia (Singapore) Pte

8363563

2.00

2.00

4

DB International (Asia) Limited

10957715

2.62

2.62

5

Franklin Templeton Investment Funds

9098021

2.17

2.17

6

Swiss Finance Corporation (Mauritius) Limited td

7969364

1.90

1.90

7

Goldman Sachs (Singapore) Pte

6244293

1.49

1.49

8

Bajaj Allianz Life Insurance Company Limited

5308600

1.27

1.27

9

Coronation Global Emerging Markets Fund

6113381

1.46

1.46

10

Credit Suisse (Singapore) Limited

6099913

1.46

1.46

11

GMO Emerging Markets Fund

4461263

1.07

1.07

 

 

SHAREHOLDING OF SECURITIES (INCLUDING SHARES, WARRANTS, CONVERTIBLE SECURITIES) OF PERSONS (TOGETHER WITH PAC) BELONGING TO THE CATEGORY “PUBLIC” AND HOLDING MORE THAN 5% OF THE TOTAL NUMBER OF SHARES OF THE COMPANY

 

No.

Name(s) of the shareholder(s) and the Persons Acting in Concert (PAC) with them

No. of Shares

Shares as % of Total No. of Shares

Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital

1

Life Insurance Corporation Of India Along With Its Various Schemes

37384611

8.93

8.93

 

Total

37384611

8.93

8.93

 

 

BUSINESS DETAILS

 

Line of Business :

Banking Activities

 

 

Products :

--

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management.

 

 

Bankers :

Reserve Bank of India

 

Bank Name

Not Divulged

Branch

Not Divulged

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Borrowings

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

I. Innovative Perpetual Debt Instruments (IPDI) and Tier II Debt

 

 

A. Borrowing in India

 

 

i) IPDI

7410.000

7410.000

ii) Upper Tier ll Borrowings

19367.000

19367.000

iii) Lower Tier II Borrowings

30255.000

30255.000

TOTAL (A)

57032.000

57032.000

B. Borrowings outside India

 

 

i) IPDI

312.500

299.575

ii) Upper Tier ll Borrowings

10577.768

10382.401

TOTAL (B)

10890.268

10681.976

TOTAL (A+B)

67922.268

67713.976

II. Other Borrowings*

 

 

A. Borrowing in India

 

 

i) Reserve Bank of India

24000.000

35020.000

ii) Other banks

14925.000

26610.000

iii) Other institutions and agencies **

67210.000

31554.417

TOTAL (A)

106135.000

93184.417

B. Borrowings outside India (B)

88146.745

52244.469

TOTAL (A+B)

194281.745

145428.886

 

 

 

TOTAL (I+II)

262204.013

213142.862

 

* Secured borrowings are Rs.24000.000 Million (March 31, 2014: Rs. 31300.000 Million).

Including refinance borrowing.

 

 

 

Auditors :

 

Name :

S.R. Batliboi and Company LLP

Chartered Accountants

Address :

Mumbai, Maharashtra, India

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary :

Yes Securities (India) Limited

 

 

CAPITAL STRUCTURE

 

As on: 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

600000000

Equity Shares

Rs.10/- each

Rs.6000.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

417736098

Equity Shares

Rs.10/- each

Rs.4177.361 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

CAPITAL AND LIABILITIES

 

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

Capital

4177.361

3606.336

3586.223

Reserve and Surplus

112622.458

67611.074

54490.482

Deposits

911758.482

741920.153

669555.852

Borrowings

262204.013

213142.862

209221.472

Other Liabilities and Provisions

70941.784

63877.474

54187.245

TOTAL

1361704.098

1090157.899

991041.274

ASSETS

 

 

 

Cash and balance with Reserve Bank of India

52406.527

45415.683

33387.586

Balance with banks money at call and short notice

23164.989

13500.955

7270.011

Investments

466052.366

409503.624

429760.421

Advances

755498.162

556329.622

469995.663

Fixed Assets

3189.678

2934.694

2295.452

Other Assets

61392.376

62473.321

48332.141

TOTAL

1361704.098

1090157.899

991041.274

 

 

 

 

Contingent Liabilities

3372992.517

2010168.222

2478043.530

Bills for collection

13739.445

9970.631

6773.965

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2015

31.03.2014

31.03.2013

I.

INCOME

 

 

 

 

Interest Earned

115720.065

99813.521

82939.991

 

Other Income

20464.551

17215.774

12574.326

 

TOTAL

136184.616

117029.295

95514.317

 

 

 

 

 

II.

EXPENDITURE

 

 

 

 

Interest expended

80841.693

72650.918

60752.092

 

Operating Expenses

22847.060

17498.719

13345.367

 

Provision and Contingencies

12442.249

10701.856

8410.051

 

TOTAL

116131.002

100851.493

82507.510

 

 

 

 

 

III.

PROFIT

 

 

 

 

Net profit for the year

20053.614

16177.802

13006.807

 

Profit brought forward

32074.562

23383.674

16583.936

 

TOTAL

52128.176

39561.476

29590.743

 

 

 

 

 

IV.

APPROPRIATIONS

 

 

 

 

Transfer to Capital Reserve

262.447

41.359

348.646

 

Transfer to Statutory Reserve

5013.404

4044.451

3251.702

 

Transfer to Investment Reserve

124.099

4.385

97.136

 

Dividend paid for last year and tax thereon

2.253

4.026

7.559

 

Tax on dividend paid last year

0.383

17.307

1.227

 

Proposed Dividend

37598.625

2885.069

2151.734

 

Tax (including surcharge and education cess) on Dividend

765.460

490.317

349.065

 

Balance carried over to balance sheet

42200.505

32074.562

23383.674

 

TOTAL

52128.176

39561.476

29590.743

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

 

 

 

 - Basic

49.34

44.92

36.53

 

 - Diluted

48.01

44.35

35.55

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net Cash flows from operating activities

(14488.673)

44489.354

5406.380

 

 

    QUARTERLY RESULTS

 

PARTICULARS

 

 

1 Quarter

2 Quarter

Unaudited

 

30.06.2015

30.09.2015

Net Sales

 

32518.500

33772.400

Total Expenditure

 

(6,967.100)

(7,074.300)

PBIDT (Excl OI)

 

25551.400

26698.100

Other Income

 

5,451.700

6,181.000

Operating Profit

 

31,003.100

32,879.100

Interest

 

(21,920.400)

(22,687.700)

Exceptional Items

 

0.000

0.000

PBDT

 

9,082.700

10,191.400

Depreciation

 

0.000

0.000

Profit Before Tax

 

9,082.700

10,191.400

Tax

 

(2,591.100)

(3,047.900)

Provisions and contingencies

 

0.000

0.000

Profit After Tax

 

5,512.000

6,104.100

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

17.33

16.21

15.68

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

17.33

16.21

15.68

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.24

2.38

2.32

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.17

0.23

0.22

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.24

2.99

3.60

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.14

0.15

0.12

 

 

STOCK PRICES

 

Face Value

Rs.10/-

Market Value

Rs.751.45/-

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Capital

3586.223

3606.336

4177.361

Reserves & Surplus

54490.482

67611.074

112622.458

Net worth

58076.705

71217.410

116799.819

 

 

 

 

borrowings

209221.472

213142.862

262204.013

Total borrowings

209221.472

213142.862

262204.013

Debt/Equity ratio

3.603

2.993

2.245

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Interest earned

82939.991

99813.521

115720.065

 

 

20.344

15.936

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Interest earned

82939.991

99813.521

115720.065

Net profit for the year

13006.807

16177.802

20053.614

 

15.68%

16.21%

17.33%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

No

10

Date of Birth of Proprietor / Partners / Directors

No

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

Yes

33

Market information

---

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

LITIGATION DETAILS

 

 

LITIGATION DETAILS

Bench:- Bombay

Presentation Date:- 15.07.2015

Lodging No.:-

SL/709/2015

Filling Date:-

15.07.2015

Petitioner:-

RASHTRIYA CHEMICALS AND FERTILIZER

Respondent:-

STATE BANK OF INDIA AND 2 ORS

Petn. Adv.:-

MS BODHANWALLA AND COMPANY (I2949)

Resp. Adv.:-

A.R. BAMNE AND COMPANY (I3273)

District:-

MUMBAI

Bench:-

SINGLE

Category:-

BREACH OF CONTRACT SUITS

Status:-

PRE-ADMISSION

Stage:-

FOR REJECTION (ORIGINAL SIDE MATTERS)

Last Date:-

13.10.2015

Last Coram:-

REGISTRAR(OS)/ PROTHONOTARY AND SR. MASTER

Act:-

CODE OF CIVIL PROCEDURE 1908

 

 

CONTINGENT LIABILITIES

 

Particulars

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)
  1. Claim against the bank not acknowledgement

4.521

0.000
  1. Liability on account of outstanding forward exchange contracts

2116095.628

1104666.493

- Single currency Interest Rate Swaps

634287.012

498750.662

- Others

193447.010

95971.508

v. Guarantees given on behalf of constituents

 

 

- In India

142909.758

104640.628

- Outside India

 

 

vi. Acceptances, endorsement and other obligations

225393.720

164442.130

vii. Other items for which the bank is contingently liable

 

 

- Value dated purchase of securities

119.018

206.475

- Capital commitments

346.840

238.440

- Foreign Exchange Contracts (Tom and Spot)

60389.010

41251.886

 

 

INDEX OF CAHREGS: INDEX OF CHARGES: NO CHARGES EXIST FOR BANK

 

 

BACKGROUND

 

The Bank is a private sector Bank promoted by the late Mr. Ashok Kapur and Mr. Rana Kapoor. YES BANK Limited is a publicly held bank engaged in providing a wide range of banking and financial services. YES BANK Limited is a banking company governed by the Banking Regulation Act, 1949. The Bank was incorporated as a limited company under the Companies Act, 1956 on November 21, 2003. The Bank received the licence to commence banking operations from the Reserve Bank of India (‘RBI’) on May 24, 2004. Further, YES BANK was included to the Second Schedule of the Reserve Bank of India Act, 1934 with effect from August 21, 2004.

 

FINANCIAL PERFORMANCE

 

The Bank posted net revenues (Net Interest Income and other income) of Rs. 5534.000 Million and Net Profit of Rs. 20050.000 Million for the Financial Year 2014-15. The Net Revenues and Net Profit for the Financial Year 2014- 14 was Rs. 44370.000 Million and Rs. 16170.000 Million respectively. Appropriations from the Net Profit have been effected as per the table given above. Please refer to the section on financial and operating performance in the Management Discussion and Analysis for a detailed analysis of financial data.

 

MANAGEMENT DISCUSSION AND ANALYSIS

 

EXECUTIVE OVERVIEW

 

MACRO-ECONOMIC AND INDUSTRY OVERVIEW

 

As per IMF estimates (World Economic Outlook, January 2015), World GDP growth remained unchanged at 3.3% in 2014. Global economic growth continued to remain uneven – while advanced economies like the US, Eurozone, and UK are expected to have gained traction in 2014, emerging economies like China, Russia, Brazil, etc. are expected to see a slowdown in their respective economies. Overall, it appears that the pace of economic recovery is getting marked by specificity.

 

Two important financial market developments that stood out during 2014 was the appreciation of the US dollar and the sharp fall in global commodity prices.

 

On a real trade weighted basis, the US dollar gained by 7.1% in 2014 as stronger than expected economic growth and expectations regarding the normalization of monetary policy by the US Federal Reserve supported the currency vis-a-vis its major trading partners.

 

Global commodity prices saw a sharp correction with the benchmark CRB Commodity Index falling by 17.9% in 2014. The decline in commodity prices was led by crude oil, which fell by a significant 49.7% (Brent) during 2014. Decline in oil price is partly due to unexpected demand weakness in some major economies, especially China and the appreciation of the US dollar. A larger role was however played by oil supply factors, including the decision of the Organization of the Petroleum Exporting Countries to maintain status quo in its production levels despite the steady rise in production from non-OPEC producers, especially the US.

 

 

Differing economic outlooks were reflected in diverging monetary policies, which fed through into foreign exchange markets. Amid a flood of monetary easing by advanced economy central banks in recent months, the US Federal Reserve was the main exception. Market participants continue to expect that the Fed would start hiking its federal funds rate target in late 2015.

 

In contrast, the European Central Bank provided additional monetary stimulus through an expanded asset purchase program of EUR 1.1 trillion, which encompasses existing programs for asset-backed securities and covered bonds, and also includes additional purchases of bonds issued by euro area central governments, agencies and European institutions. Against the global backdrop of the disinflationary impact of plunging oil prices, weak demand and increasing foreign exchange market tensions, a wave of monetary policy easing was seen towards the last few months of FY 2014-15. The policy rates of four central banks - the ECB and the central banks of Denmark, Sweden and Switzerland are currently in negative territory.

 

The Indian economy started FY 2014-15 on a positive note with significant improvement in market and business sentiment, following the ‘General Elections in May 2014’. Thereafter, a supportive global commodity price environment along with gradual improvement in governance resulted in moderate increase in economic output. As per the new revamped series (with FY 2011- 12 as the base year), GDP growth for FY 2014-15 is expected to come at 7.4% from 6.9% in FY 2013-14. Barring agriculture, mining, and trade, transport and communication services, all other sectors are expected to show improvement in their sectoral performance as per CSO’s (Central Statistical Organization) advance estimate. Overall the improvement in headline GDP growth in FY 2014-15 is projected to be led by sectors like electricity, finance and manufacturing.

 

Inflation as measured by the CPI (Consumer Price Index) showed a substantial decline during FY 2014- 15. After averaging close to 10.0% over a period of six years between FY 2008-09 till FY 2013-14, average CPI inflation fell to 6.0% in FY 2014-15. Food inflation moderated considerably, aided by a limited increase in minimum support prices for food grains, muted rural wage growth and the government’s offloading of food stocks. Sharp drop in crude oil prices helped moderate fuel inflation, though hikes in excise duty limited the pass-through of global oil rice’s to domestic retail prices. The central bank’s strong anti-inflationary stance and the declining trend in the fiscal deficit bode well for core inflation, which has remained below 5% since November 2014.

 

The disinflationary momentum was also manifested by WPI (Wholesale Price Index), which has remained in the negative territory since November 2014 and has averaged at 2.1% during FY 2014-15 vis-à-vis 6.0% in FY 2013-14.

 

India’s external sector vulnerability, which came to the forefront in the first half of FY 2013-14 saw further improvement after the significant compression in the second half of FY 2013-14. After correcting to 1.7% of GDP in FY 2013-14, the current account deficit (CAD) is expected to improve towards 1.3% in FY 2014-15 as per the Economic Survey presented by the Finance Minister in February 2015. The expected improvement in CAD is largely on the back of slide in global commodity prices since June 2014.

 

Even as the government is expected to meet the headline fiscal deficit target of 4.1% of GDP in FY 2014-15, the quality of fiscal adjustment remained a concern. With shortfall in gross tax revenue and disinvestment receipts, the government is expected to compensate by pruning its productive capital expenditure.

 

During FY 2014-15, the Indian rupee traded in a band of 58.46-63.68. The currency remained below the 60 level to a dollar after the announcement of the general election results in May 2014, as the underlying portfolio inflows in both equity and debt instruments were seen to be supportive. Thereafter, rupee started to depreciate in a very gradual fashion closing the financial year at 62.50. The mild depreciation in rupee occurred despite a benign global commodity price environment resulting in compression of the trade deficit and robust surplus on the balance of payments account. As per the Economic Survey tabled in February 2015, the government expects a Bop surplus of USD 26 Billion in FY 2014-15. The moderate depreciation in rupee can be attributed to RBI’s continued dollar purchases from the market and also the significant appreciation in the US dollar – the DXY Index, which tracks nominal movement in the US dollar against a basket of six major currencies, gained by 22.8% during FY 2013-14.

 

BUSINESS SEGMENT OVERVIEW

 

The Bank’s Corporate Banking (CB) division provided comprehensive financial and risk management solutions to large corporate clients with a turnover greater than Rs. 5000.000 Million. The Bank’s professional relationship experts based across all major metros and Tier-I cities. Gorged value-based long-term relationships with the top management and promoters of almost all large corporate houses in India.

 

The Bank strengthened its customer relationships through a ‘core relationship management approach’, which helped create multiple touch-points with clients through specialized product managers.

 

The Bank offered client and industry-specific products in a timely manner by understanding customer businesses, market conditions and industry developments. This distinctive approach translated into mutually-beneficial relationships with clients in knowledge-driven sectors like life sciences and healthcare, information technology, food and agribusiness, manufacturing, infrastructure, media and entertainment, hospitality and education, among others.

 

The Bank’s CB division offered comprehensive client focused Corporate Banking Services comprising Working Capital Finance, Term Loans, Specialized corporate Finance Products, Trade & Transaction Banking Products, Cash Management Services, Debt Capital Markets, Treasury Services, Investment Banking Solutions and Liquidity Management Solutions, among others. The Bank prioritized credit quality and all offerings were made following a rigorous analysis of the client’s risk profile as well as proactive monitoring of credit, market and operational risks.

 

The Bank remained committed to continuous improvement in terms of service, risk management and product portfolio through in-house research, benchmarking and client orientation.  

 

 

 

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND FOR THE HALF YEAR ENDED 30.09.2015

 

(Rs. in Million)

Sr. No.

 

 

PARTICULARS

For the quarter ended

For the quarter ended

For the Six Months ended

30.09.2015

30.06.2015

30.09.2015

(Unaudited)

(Unaudited)

(Unaudited)

1

Interest earned (a)+(b)+(c)+(d)

33772.400

32518.500

66290.900

 

 

 

 

 

(a)

Interest/discount on advances/bills

24148.400

23284.800

47433.200

(b)

Income on investments

8560.300

8555.000

17115.300

(c)

Interest on balances with Reserve Bank of India and other inter-bank funds

519.500

167.400

686.900

(d)

Others

544.200

511.300

1055.500

2

Other Income

6181.000

5451.700

11632.700

A.

TOTAL INCOME (1+2)

39953.400

37970.200

77923.600

3

Interest Expended

22687.700

21920.400

44608.100

4

Operating Expenses (e)+(f)

7074.300

6967.100

14041.500

(e)

Payments to and provisions for employees

3127.800

2885.400

6013.200

(f)

Other operating expenses

3946.500

4081.700

8028.300

B.

Total Expenditure (3)+(4) (excluding provisions and contingencies)

29762.000

28887.500

58649.600

C.

Operating Profit (before Provisions and Contingencies)(A-B)

10191.400

9082.700

19274.000

D.

Provisions (other than Tax ) and Contingencies

1039.400

979.600

2019.000

E.

Exceptional Items

0.000

0.000

0.000

F.

Profit from ordinary activities before tax (C-D-E)

9152.000

8103.100

17255.000

G.

Tax Expense

3047.900

2591.1000

5639.000

H.

Net profit from Ordinary Activities after tax (F-G)

6104.100

5512.000

11616.000

I.

Extraordinary Items (Net of tax)

-

-

-

J.

NET PROFIT (H-I)

6104.100

5512.000

11616.000

5

Paid-up equity Share Capital (Face value of Rs.10 each)

4187.700

4181.100

4187.700

6

Reserves & Surplus excluding revaluation reserves

-

-

-

7

Analytical ratios :

 

 

 

(i)

Percentage of Shares held by Government of India

-

-

-

(ii)

Capital Adequacy ratio

14.10

14.60

14.10

 

BASEL III

 

 

 

(iii)

Earning per share for the period / year

(before and after extraordinary items)

 

 

 

 

- Basic (Rs.)

14.59

13.19

27.78

 

- Diluted (Rs.)

14.25

12.85

27.10

 

 

Not Annualized

(iv)

NPA ratios-

 

 

 

a

Gross NPA

4913.500

3683.000

4913.500

b

Net NPA

1586.300

1067.000

1586.300

c

% of Gross NPA

0.61

0.46

0.61

d

% of Net NPA

0.20

0.13

0.20

(v)

Return on assets (average) (annualized)

1.70

1.60

1.70

8

Aggregate Public shareholding

 

 

 

 

- Number of shares

326627244

325965254

326627244

 

- Percentage of shareholding

78.00

77.96

78.00

9

Promoter and Promoter Group Shareholding

 

 

 

a

Pledged / Encumbered

 

 

 

 

Number of Shares (Total)

 

 

 

 

Madhu Kapur

3335000

3335000

3335000

 

- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)

3.62

3.62

3.62

 

-Percentage of Shares (as a % of the total share capital)

0.80

0.80

0.80

b

Non- encumbered

 

 

 

 

1a. Rana Kapoor - Promoter

20000000

20000000

20000000

 

1b. Yes Capital (India) Private Limited

12125000

15125000

15125000

 

1c. Morgan Credit Private Limited

14050000

14050000

14050000

 

2a. Madhu Kapur

31790000

31790000

31790000

 

2b. Mags Finvest Private Limited

7842450

7842450

7842450

 

- Number of shares (Total)

88807450

88807450

88807450

 

- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)

96.38

96.38

96.38

 

-Percentage of Shares (as a % of the total share capital)

21.20

21.24

21.20

 

 

  1. The results have been taken on record by the Board of Directors of the Bank at its meeting held in Mumbai today. There are no qualifications in the auditor's report for the quarter and half year ended September 30, 2015. The results have been subject to “Limited Review” by the Statutory Auditor of the Bank.

 

  1. During the quarter and half year ended September 30, 2015, the Bank allotted 661,990 shares and 1,033,596 shares respectively, pursuant to the exercise of stock options by employees.

 

  1. 3 In accordance with RBI circular DBR.BP.BC.No.31/21.04.018/2015-16 dated 16th July, 2015, the Bank has classified deposits placed with NABARD/SIDBI/NHB for meeting shortfall in Priority Sector Lending under 'Other Assets', which were hitherto included under 'Investments'. Similarly, interest income on such deposits has been classified under the head 'Interest Earned - Others', which was hitherto included under 'Interest Earned- Income on Investments'. Figures for the previous periods have also been regrouped to conform to current period's classification. The above change in classification has no impact on the profit of the Bank for the quarter and half year ended September 30, 2015 or the previous periods presented.

 

  1. Other income includes non-fund based income such as commission earned from guarantees/letters of credit, financial advisory fees, selling of third party products, earnings from foreign exchange transactions and profit/loss from sale of securities.

 

  1. Number of Investor complaints received and disposed of during the quarter ended September 30, 2015:

 

INVESTOR COMPLAINTS :

Quarter Ended

30.09.2015

 

Pending at the beginning of the quarter

Nil

 

Received during the quarter

21

 

 

 

 

Disposed of during the quarter

21

 

 

Remaining unresolved at the end of the quarter

Nil

 

  1. Return on assets is computed using a simple average of total assets at the beginning and at the end of the relevant period.

 

  1. The disclosures for NPA referred to in point 7(iv) above correspond to Non Performing Advances.

 

  1. The total capital infused and outstanding in Yes Securities (India) Limited (wholly owned subsidiary) as at September 30, 2015 is Rs.  350.000 million.

 

  1. As the business of the Bank is concentrated in India; the segment disclosures made pertain to domestic segment for geographic segment purposes.

 

  1. In accordance with RBI circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on 'Basel III Capital Regulations' read together with RBI circular DBR.No.BP.BC80/21.06.201/2014-15 dated March 31, 2015 on 'Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments' requires banks to make applicable Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under Basel III Framework. The Pillar III disclosures have not been subjected to audit by the statutory auditors. The Bank has made these disclosures which are available on its website at the following link.

 

 

SEGMENTAL RESULTS

(Rs. in Million)

Sr. No.

 

 

PARTICULARS

For the quarter ended

For the quarter ended

For the Six Months ended

30.09.2015

30.06.2015

30.09.2015

(Unaudited)

(Unaudited)

(Unaudited)

1

Segment revenue

 

 

 

(a)

Treasury

8045.700

9438.200

17483.900

(b)

Corporate Banking

27428.700

24930.200

52358.900

(c)

Retail Banking

1959.200

2750.300

4709.500

(d)

Other Banking Operations

185.800

126.600

312.400

 

TOTAL

37619.400

37245.300

74864.700

 

Add / (Less): Inter Segment Revenue

2334.400

724.500

3058.900

 

Income from Operations

39953.800

37969.800

77923.600

2

Segmental Results

 

 

 

(a)

Treasury

6021.800

6341.000

12362.800

(b)

Corporate Banking

8139.700

6607.900

14747.600

(c)

Retail Banking

(843.800)

(326.700)

(1170.500)

(d)

Other Banking Operations

92.800

54.300

147.100

 

TOTAL

13410.500

12676.500

26087.000

 

Unallocable costs net of unallocable income

4258.500

4573.400

8832.000

 

Profit before Tax

9152.000

8103.100

17255.000

 

Taxes

3047.900

2591.100

5639.000

 

Profit after Tax

6104.100

5512.000

11616.000

3

Capital Employed

 

 

 

(a)

Treasury

429006.200

358119.400

429006.200

(b)

Corporate Banking

62510.800

106597.100

62510.800

(c)

Retail Banking

(271854.400)

(255787.000)

(271854.400)

(d)

Other Banking Operations

(1881.500)

(988.600)

(1881.500)

(e)

Unallocated

(89101.400)

(85544.100)

(89101.400)

 

Total

128675.700

122396.800

128675.700

 

SEGMENT

PRINCIPAL ACTIVITIES

Treasury

Includes investments, all financial markets activities undertaken on behalf of the Bank's customers, proprietary trading, maintenance of reserve requirements and resource mobilisation from other banks and financial institutions.

Corporate Banking

Includes lending, deposit taking and other services offered to corporate customers.

Retail Banking

Includes lending, deposit taking and other services offered to retail customers.

Other Banking Operations

Includes para banking activities like third party product distribution, merchant banking etc.

 

 

FIXED ASSETS

 

  • Office Equipment
  • Computer Hardware
  • Computer Software
  • Vehicles
  • Furniture and Fixtures
  • Leasehold improvements to premises

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                                       None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

KNL

 

 

Report Prepared by :

MTN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

8

PAID-UP CAPITAL

1~10

8

OPERATING SCALE

1~10

8

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILITY

1~10

8

--LIQUIDITY

1~10

8

--LEVERAGE

1~10

8

--RESERVES

1~10

8

--CREDIT LINES

1~10

7

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

YES

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

71

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.