Greed and fraud

The meteoric rise of Yes Bank has been as spectacular as its fall. After getting the banking licence from the RBI in 2004, it raised Rs 355 crore through an IPO in 2005 which was oversubscribed 30 times. Its share price at listing was only Rs 45, which ultimately peaked to over Rs 400 in August 2018, to plummet to only Rs 25 now.