Yes Bank.docx

7/26/2019 Yes Bank.docx

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Yes Bank was incorporated as a Public Limited Company on November 21,

2003 !ubse"uently, on #ecember 11, 2003, $B% was in&ormed o& t'e

participation o& t'ree private e"uity investors namely (Citicorp

%nternational )inance Corporation, C'rysCapital %%, LLC and *%)

Capital

%nc+, to ac'ieve t'e &inancial closure o& t'e Bank $B% by t'eir

letter dated )ebruary 2, 200- provided t'eir no.ob/ection to t'e

participation o& t'e t'ree private e"uity investors namely Citicorp

%nternational )inance Corporation, C'rysCapital %%, LLC and *%)

Capital

%nc in t'e e"uity o& t'e Bank at 10, , and , respectively,

and

also advised t'e Bank to in&use a sum o& $s 2000 million as t'epaid

up capital *dditionally, t'e $B% advised t'e Bank to submit an

application &or &inal approval a&ter completion o& all &ormalities

&or

incorporation as a bankin company and settin out t'e capital

structure o& t'e Bank as approved by $B%

$B% by t'eir letter dated #ecember 24,2003 decided to &urt'er

e5tendin

6%n Principle7 approval &or a period up to )ebruary 24, 200- to

allow

t'e Bank to complete all &inancial arranements

Yes Bank obtained its certi&icate o& Commencement o& Business on

8anuary 21, 200- !ubse"uently, in 9arc' 200-, t'e Bank ac'ieved t'e

mobili:ation o& t'e initial minimum paid up capital o& $s 2,000

million )urt'er, t'e Promoters by t'eir letter dated 9arc' 24, 200-

made a &inal application &or a bankin licence under !ection 22 ;1+

o&

t'e Bankin $eulation *ct, 14-4 providin complete details o& t'e

capital structure, t'e composition o& Board o& #irectors, t'eproposed

'uman resources, in&ormation tec'noloy, premises and leal.policies

and t'e business and &inancial plan o& t'e Bank

$B% by t'eir letter dated 9ay 2-, 200-, under !ection 22 ;1+ o& t'e

Bankin $eulation *ct, 14-4, ranted us t'e licence to commence

bankin operations in %ndia on certain terms and conditions includin

a

term t'at -40 o& our pre.%ssue s'are capital 'eld by t'e Promoters

;domestic and &orein+ was to be locked.in &or &ive years &rom t'e

licensin o& t'e Bank, bein 9ay 2-,200- %n our case, t'is -40

'as

been met by lockin.in oldin !ee Note 2 in t'e section titled Capital !tructure.Promoter

Contribution and Lock.%n on pae 13 o& t'is $ed >errin Prospectus

)urt'er, t'e terms o& t'e bankin license ranted to us by $B%

re"uire

t'at t'e promoter 'oldin in e5cess o& -4, s'all be diluted a&ter

oneyear o& t'e Bank7s operation %t is also stipulated t'at t'e paid up

capital ;w'ic' currently stands at 2,000 million+ must be raised to

$s 3,000 million wit'in t'ree years o& commencement o& business

)urt'er, by t'eir letter dated !eptember 2, 200-, $B% included t'e

Bank

in t'e !econd !c'edule o& t'e $B% *ct, 143- wit' e&&ect &rom *uust

21,

200- and a correspondin noti&ication was publis'ed in t'e ?&&icial

@a:ette o& %ndia ;P*$A %%%.!ection -+ on *uust 1, 200-

!'are !ubscription

A'e Promoters, t'e Promoter @roup Companies and $abobank

%nternational

>oldin e5ecuted a !'are !ubscription *reement dated November ,

2003,

;t'e !!*+, w'ereby t'ey areed to subscribe to t'e


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non.rotational

director on t'e Board, A'e !!* provides t'at t'e Promoters and #oit,

and $abobank %nternational >oldin, are not permitted to trans&er

t'eir

locked.in s'are'oldin in t'e Bank &or a period o& &ive years &rom

9arc'

10, 200- nder t'e terms o& t'e !!*, locked.in s'ares re&er to

-0 million oldin, 9r $ana =apoor

and 9oran, bot' dated November , 2003

%n terms o& t'ese areements, $abobank %nternational >oldin 'as

ranted a loan o& $s 10 million eac' to 9as and 9oran, to be

utilised &or subscribin to t'e 1 million oldin 'as a ri't to purc'ase suc' number o& s'ares

t'at are obtained by dividin t'e outstandin amount under t'e

areements by t'e &air.market value o& t'e s'ares as on t'e date o&

suc' breac' t'at are 'eld by 9r *s'ok =apur in 9as and 9r $ana

=apoor in 9oran, respectively, at nil consideration %n addition,

as

consideration &or t'e amounts due under t'e loan areement, in t'e

event o& a de&ault under t'e a&oresaid loan areements, $abobank

%nternational >oldin also 'as t'e ri't to purc'ase t'e oldin, w'ereby 9as and 9oran 'ave aut'orised 9r *s'ok =apur and

9r $ana =apoor, respectively, to enter into and e5ecute t'e above

mentioned loan areements on t'eir be'al& A'ey 'ave also undertaken

toensure, t'at by e5ercise o& t'eir votin ri'ts as s'are'olders o&

9as

and 9oran, all obliations o& 9as, 9oran, 9r *s'ok =apur and 9r

$ana =apoor under t'e a&oresaid loan areements s'all be &ul&illed

)or

details o& t'e s'are'olders o& #oit see t'e section titled ?ur

Promoters on pae 4 o& t'is $ed >errin Prospectus )or details o&

t'e s'are'olders o& 9as and 9oran see t'e section titled ?ur

Promoters.Companies Promoted by t'e Promoter @roup on pae 4 o&

t'is

$ed >errin Prospectus

%n response to correspondence &rom t'e Bank, providin details o&

t'e

loan areements, $B% t'rou' its letter dated *uust , 2003

permitted

t'e loans and advised t'at t'e loans availed &rom $abobank

%nternational >oldin s'ould not be secured aainst t'e s'ares o&

t'e

Company !ubse"uently, t'e Bank 'ad by its letter dated 9arc' ,

200-,

intimated $B% o& t'e draw down o& t'e loans in accordance wit' t'e

terms o& t'e $B% letter dated *uust , 2003

$B% by its letter dated 9ay 22, 200- advised t'at t'e loan


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areements

be &iled wit' t'e $B% A'e $B% also advised t'at t'ese loans s'ould

'ave a minimum averae maturity o& 3 years and t'at 9as and 9oran

would be re"uired to submit mont'ly returns to $B%

A'e loan areements 'ave been &iled wit' t'e $B% and t'e $B% 'as

t'rou' letters dated 8une 23, 200- and 8une 2-, 200-, allotted loan

reistration numbers to t'ese loan areements

)urt'er, t'e $B% license dated 9ay 2-, 200- stated t'at t'e

promoters

s'ould abide wit' t'e conditions overnin t'e loan as stated by t'e

$B% in t'eir above mentioned letters

9as and 9oran 'ave been reularly submittin t'e re"uisite returns

to

$B% in compliance wit' t'e re"uirements o& t'e $B% letter dated 9ay

22,

200-

%nvestment by t'e Private oldin,

t'e Private oldinD ;v+ t'e sale o& t'ree million


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and ;vi+ t'e sale o& 1,10,000


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&or certain provisions in relation to t'e warranties and

indemnities,

ta alon ri'ts, overnin law and notice as contained in t'e 9%*

t'at

survive t'e termination o& t'e 9%* %& a&ter t'e lock.in period, t'e

stake o& any o& t'e Private

a book.buildin route, 'ad a price band o& $s 3.- per s'are A'e

%P? received 2,,000 bids, resultin in a subscription o& over 30

times

..Yes Bank /oins 'ands wit' %B9 &or tec' in&rastructure

.Yes Bank launc'es %nternational @old, !ilver debit card

200

.Yes Bank Launc'es Y

.Y

200

.Y

award &or a structured K innovative $ural )inancin solution in

providin loans to over 2000 nomadic 'oney bee &armers in 8ammu K

=as'mir A'e only %ndian private sector Bank to 'ave won t'is award

as t'e lead arraner out o& a total o& 3 deals presented across 30

countries

200

. Yes Bank Limited 'as appointed 9s $ad'a !in' and 9r */ay o'raas %ndependent #irector;s+ on t'e Board o& Yes Bank we& *pril 24,

200

. Yes Bank and PACM, a premier #utc' practical trainin institution

in t'e &ield o& 'i' tec'noloy ariculture 'ave announced an

alliance to develop pro/ects and encourae innovations in t'e ari

sector and ot'er initiatives in t'e &ield o& ari.in&rastructure

. A'e *

.Y

.Y

A'ese awards were instituted to reconi:e t'e need &or new innovative

strateies to implement t'e C!$ practice wit'in t'e business &ocus o&

t'e %ndian Corporate sector

2004


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. !=! 9icro&inance seems to 'ave sined a securitisation deal wort'

$s 100 crore wit' Y

purc'ase 1,-,40 micro loans e5tended to unbanked !C as well as !A

and minorities7 &amilies identi&ied by t'e $eserve Bank o& %ndia as

weaker sections A'e transaction 'as been rated as 6ery !tron

!a&ety7 by C$%!%L

. Yes Bank 'as sined a loan areement wit' development &inance

institution #

2010

. Y

payment services t'at will enable consumers pay &or oods and

services usin t'eir mobile devices

.Yes Bank raises !# 22 million ;$s 1033 crores+ t'rou' a

uali&ied %nstitutions Placement

.Y

.Yes Bank takes o&& into t'e Ne5t @eneration P'ase . Launc'es ersion

20

. Y

2011

. Y

. Y

*sian )inancial !ervices Conress, !inapore

. Y

2013

.Yes Bank /oins %PL wit' .year sponsors'ip deal

.CC

%ndia

.Yes Bank, Arans&ast launc' instant money trans&er service


7/7

.Yes Bank mulls to e5pand retail business

.Y

%nstitution, and Hells )aro to !upport !mall Business @rowt'

.Yes Bank launc'es %ndiaJs )irst @reen %n&rastructure Bond %ssue o&

%N$ 00 Crores plus @reens'oe

.Y

.Y

!mall Business @rowt' in %ndia

Yes Bank.docx

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