Yes Bank's Slowdown: Board Delays, Shareholder Clashes Challenge New CEO Vinay Tonse

• Yes Bank's board delays in key appointments, including CEO, led to Rajiv Anand joining IndusInd Bank instead of Yes Bank.
• New CEO Vinay Tonse faces challenges from conflicting interests of major shareholders: SBI, Advent, and SMBC.
• The bank struggles with retail banking profitability due to high cost of deposits, low yields, and high distribution costs, leading to 10 quarters of losses.
• Yes Bank faces difficulty in deposit growth, with its deposit book shrinking and the credit-deposit ratio surging.
• A potential merger with SMFG India Credit due to RBI rules could further inflate Yes Bank's credit-deposit ratio to 106%, posing a significant challenge.