Dubai / Mumbai, September 23, 2013:
YES BANK, India’s fourth largest private sector Bank, has been recognized with ‘The Strongest Bank Balance Sheet in India’ by the Asian Banker, Singapore. YES BANK has received this international recognition based on a detailed and transparent scorecard that ranks banks across 6 key parameters which are - Scalability relative to domestic GDP, Balance Sheet Gowth, Prudent Risk Management, Profitability, Asset Quality and Liquidity.
Commenting on this prestigious recognition, Mr. Rana Kapoor, Managing Director & CEO, YES BANK Ltd., said, "We are pleased with this global recognition. This is an extremely significant achievement positioning YES BANK alongside the Best Banks in the Asia Pacific region. Since its inception, YES BANK has demonstrated sustained financial performance on the back of consistent profitability, income generation and finest asset quality. This coveted award is a testament to YES BANK’s holistic knowledge driven focus, which is spearheaded by a fine Top Management team and effective execution of our well defined objectives."
The Asian Banker, earlier awarded YES BANK, ‘The Strongest Bank in India in 2012’ and ‘The Best Managed Bank in India’ for a 3 year period; 2011 – 2013. Additionally, the magazine also recognized Mr. Rana Kapoor with ‘The Asian Banker CEO Leadership Achievement Award’ for India for achievements during the 3-Year period, 2011-2013.
About the Awards
The Asian Banker Strongest Bank Awards is an annual assessment of the financial and business performance of the commercial banking industry in the Asia Pacific region. The assessment ranks the top performing banks in each country by strength, an evaluation that is based on a belief that a strong bank demonstrates long-term profit ability from its core businesses. The winners for these awards are determined using a scorecard approach based on 6 crucial performance indicators rated on a scale of 0-5: Scale, Balance sheet growth, Risk profile, Profitability, Asset quality and Liquidity.
ABOUT YES BANK
YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his 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 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 vision of “Building the Best Quality Bank of the World in India”.
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