One of these properties was bought from Avantha Realty, a company promoted by Gautam Thappar, that borrowed money from Yes Bank.
If Gill could turn back the hands of time, perhaps, he would have never chosen the mess called Yes Bank. After three decades of a successful stint at Deutsche, Gill landed himself in the wrong job.
The board of directors of Yes Bank, had in January, approved raising of funds upto Rs 10,000 crore, in one or more tranches, by way of issuance of securities on private placement basis.
Moneycontrol's Parnika Sokhi takes a look at the issues being faced by Yes Bank and what it needs to do to overcome them.
While the market is abuzz on what could be stopping them from closing the deals, here's a look at five reasons why the country's fourth largest private lender is not able to attract interest from top quality investors:
Yes Bank was reportedly set to reject Braich's $1.2 billion bid in favour of institutional investors at its December 10 meeting.
The exercise will result in the new investor/s picking up stakes above the regulatory cap and the RBI will have to take a call on a "non-conventional" investor coming on board.
Gill said Yes Bank has enough liquidity and the share price movement of recent days should not become a proxy for how the bank gets perceived
Yes Bank's exposure to Indiabulls Housing Finance has gone down about 30 percent over the last few months, said Gill.
Gill said that the bank’s sub-investment grade book has bottomed out and he expects “material reduction” in the book on back of ongoing resolutions.
In the past few weeks, there have been speculations about Yes Bank's board and management stability, asset portfolio and future growth prospects.
"I feel very comfortable about the recovery of that entire exposure that we have to the group (ADAG) and I have to say that the group is working overtime to make sure that those actions happen," said Gill.
Moneycontrol has learnt that Uberoi will be spearheading the compliance and governance related functions at Yes Bank.
The troubled lender is looking to imrpove investor confidence after registering losses for the March quarter.
On April 26, the bank reported its first-ever quarterly loss since its inception in 2004 at Rs 1,506 crore in the January-March quarter.
"One of the upsides of the bank is the quality of management that we have and I would love to have the stability of the senior management that we have," Gill said.
While Axis Bank managed to go back to making profits, YES Bank slipped in red and posted its biggest quarterly loss ever.
Gill said that apart from some senior hirings, the bank also plans to increase its headcount by 2600 in FY20.
Focus is now on new leaders who will set the stage for rest of their tenures, as the two banks gear up to unveil their fourth quarterly performance this week.
"Ravneet Gill has joined Yes Bank as MD & CEO today. His tenure as approved by RBI is 3 years from the date of his joining, i.e. March 1, 2019 to February 28, 2022," Yes Bank said in a regulatory filing.
Yes Bank had requested the RBI to extend Kapoor’s tenure till at least 30 April 2019 but the central bank okayed the extension only till the end of January 2019.
With the appointment of new MD & CEO, focus will now shift to business as usual and will take away near-term overhang from the stock, suggest experts.
Developed markets may no longer continue to outperform the emerging markets, says Chief Executive Officer of Deutsche Bank India, Ravneet Gill. The rupee too, continues to perform better than other emerging market currencies, he adds.
The government's decision to retain its FY17 fiscal deficit target at 3.5 percent has worked well with investors, says Deutsche Bank India CEO Ravneet Gill.
German lender Deutsche Bank today reported a 93 percent jump in profit from its Indian branches at Rs 1,406 crore for financial year 2014-15.