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The Fall of Yes Bank
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Author(s): Ruhi Sarangal (Chitkara Business School, Chitkara University, India), Maninder Kaur (University Business School, Punjab University, India)and Ashok Kumar (Department of Defense and Strategic Studies, Himachal Pradesh University, India)
Copyright: 2023
Pages: 13
Source title:
Cases on the Resurgence of Emerging Businesses
Source Author(s)/Editor(s): Shefali Saluja (Chitkara Business School, Chitkara University, India), Dhiresh Kulshrestha (Chitkara Business School, Chitkara University, India)and Sandhir Sharma (Chitkara Business School, Chitkara University, India)
DOI: 10.4018/978-1-6684-8488-3.ch015
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Abstract
This case study focuses on a major challenge faced by Yes Bank as a result of increasing NPAs, a 30-day moratorium imposed by the RBI on its operations, and withdrawal limits of Rs. 50,000 from their accounts. This situation downgraded the value of the bank and built a bad image among its customers. Yes Bank was the UPI companion for almost 20 apps, according to the National Payments Corporation of India (NPCI). However, as a result of its failure, Yes Bank has suspended most of its UPI accounts. Now the government is trying to fix the problem and looking into what went wrong at Yes Bank. Altman's Z-Score, developed by American professor Edward Altman in 1968, is a numerical measurement that can be used to predict the chances of bankruptcy, and after calculating the z-score, it is possible to conclude that Yes Bank is still safe from going bankrupt.
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