Close

Press Release

YES BANK’s Debt Instruments Placed Under Credit Watch with Developing Implications by CARE Ratings

Mumbai, October 01, 2018: The ratings assigned to various debt instruments of YES BANK have been put on ‘credit watch with developing implications’ by CARE Ratings on account of the recent communication from the Reserve Bank of India (RBI) restricting the tenure of the current Managing Director and Chief Executive Officer (MD & CEO) Mr. Rana Kapoor, till January 31, 2019.

The Senior and Tier II instruments issued by the Bank, which were upgraded to CARE AAA with Stable Outlook from CARE AA+ on July 05, 2018, now carry a rating of “CARE AAA (credit watch with developing implications)”.

Click on the link to read the Detailed Rationale & Key Rating Drivers

http://www.careratings.com/upload/CompanyFiles/PR/Yes%20Bank%20Limited-09-28-2018.pdf

About YES BANK

YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.

For media queries, please contact:

YES BANK
Mihir Mukherjee
Ph.: Mob: +91 9987556960
Email: mihir.mukherjee1@yesbank.in

Adfactors
Jyothi Goswami
Ph.: Mob: +91 9987036388
Email: jyothi@adfactorspr.com

download app

Android App for YES BANK
App Store for YES BANK
yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

Read More