YES BANK is committed to creating Equal Financial Opportunities, and enabling Financial Inclusion. YES BANK approaches Microfinance by instituting specific transactions to position it as a new asset class, appealing to a broad range of investors and lenders, and expanding access to capital by bringing in the power of capital markets. The Bank achieves this primarily through a two-pronged strategy with intervention from the Microfinance Institutions Group (MIG), and by providing the last mile connect by mainstreaming micro clients at the Bottom-of-the-Pyramid through YES SAMPANN.
Wholesale Microfinance Lending - Through MIG’s product suite including term loans, loan syndications and rated capital market loan products (pool securitisation, debentures, commercial paper and loan assignments), the Bank aims to catalyze the growth of the Indian microfinance industry by increasing its access to a wider pool of investors and reducing the costs of funds through a mix of lower cost of funds and transaction costs to enable a scale up, thus ensuring provision of affordable, fairly priced and customised financial solutions to the Bottom-of-the-Pyramid. MIG thus is the primary channel to create an enabling macro-environment through engagements with stakeholders including MFIs, investors, rating agencies, policymakers, government agencies and the regulator where the group’s activities indirectly affect the lives of 750,000 people.
