Search
YES Bank has more shareholders than debit cards
April 21, 2023
Yes Bank has more shareholders than active debit cards, according to the latest data reported by the company. The private sector lender’s latest shareholding data shows that its public shareholder base stood at 50.57 lakh at the end of the March quarter, up from 48.13 lakh in December.
On the other hand, the lender’s total debit cards outstanding stood at 44.26 lakh at the end of March this year. Essentially, its shareholders outnumber debit cards by 6.31 lakh.
According to the shareholding data, Yes Bank’s non-institutional public shareholder base has been on an upward trajectory for the past few quarters – it increased by nearly 7 lakh shareholders in the last one year, going from 43.62 lakh at the end of March 2022 to 50.57 lakh note.
Curiously, no other bank in the private sector has more shareholders than debit cards. Here’s a look at the banks with the highest and lowest ratio of shareholders to debit cards.
Interestingly enough, Yes Bank’s stock has gained nearly 22% in the last one year. However, on a longer term basis, it is down 95% over the last five years. Most of the major decline happened in 2019 when the lender posted a surprise loss of ₹1,506 crore in Q4 FY19 – this was its first quarterly loss since FY 2005-06.
By March 2020, Yes Bank’s board of directors was superseded by the Reserve Bank of India after a bank run on the private sector lender. During this crisis, the bank’s stock fell nearly 48% in the first three months of 2020. Since then, it has been hovering between ₹15-25 per share.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://ask.careers/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
