Mumbai, February 23, 2018: YES BANK, India’s fourth largest private sector Bank was adjudged the Runner up in the 'Fastest Growing Mid-Sized Bank' category at the 10th edition of the BW Businessworld Magna Best Banking Awards held in association with PwC in Mumbai recently.
The BW-PwC Best Banks’ survey shortlists banks based on their financial performance over a three-year period on specific thresholds under four major dimensions – growth, size, sustainability of operations and risk. Each of these has sub-dimensions with weights, which ultimately translates into a score based on which, relative ranking is done. The initial numbers-based survey is then evaluated by an external jury to select the winners.
The jury included Sir Richard Stagg, Chairman - Rothschild (India); Sunil Sanghai, Founder & CEO - Nova Dhruva; V S Parthasarathy, Group Chief Financial Officer & CIO - Mahindra & Mahindra; Rahul Bhasin, Founder & Managing Partner - Baring Private Equity Partners (India); Madan Sabnavis, Chief Economist - Care Ratings; Nikhil Shah, Managing Director -Alvarez & Marsal and Tarun Bhatia, Managing Director - Kroll (India).
On receiving the honour, Rana Kapoor, Managing Director & CEO, YES BANK, said "This is indeed a true recognition of the Bank’s strength and sustained growth, a fine top management team with exceptionally effective execution across the Bank. YES BANK has demonstrated robust financial performance on the back of strong profitability, sustainable income generation and finest asset quality. The Bank has consistently demonstrated success of its differentiated business model, resulting in superior financial performance across most parameters in the Indian banking industry."
BW Businessworld, led by Mr. Annurag Batra, Chairman and Editor-in-Chief, is the fastest growing business media house in India. Its network spans across 10 niche business communities, 6 magazines and it conducts 70 of its own IP events - all of it to keep its communities meaningfully engaged with each other.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 9 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/