Business ethics is a matter of concern now a days. There are many live examples of failure in governance and unethical practices by companies which has doped the investors in turn affecting the economy in a large scale. This paper is an attempt to study the case of Yes Bank which became bankrupt without giving a hint of that to the investors. The study makes an attempt to check if the bankruptcy of Yes Bank could have been predicted. The study also makes an attempt to review the governance and find the reason for the bankruptcy. This paper tries to evaluate the performance of Yes Bank by calculating the Z-score from 2014 till 2019. The study reveals that the bankruptcy could not be predicted by the z-score model. This is because of the non reflection of certain transactions in the balance sheet and internal governance issues which becomes a matter of concern for all the stakeholders, especially the shareholders.

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Keywords: Banking, Bankruptcy, Ethics, Governance, Investors.