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YES BANK strengthens its presence in Assam

Launches a state-of-the-art branch in Fancy Bazaar, Guwahati

Guwahati, September 19, 2013: YES BANK, India’s fourth largest private sector Bank, further strengthened its presence in Assam, with the launch of its state-of-the-art branch at Fancy Bazaar, Guwahati, the 3th in the city and the 6th in Assam, to further leverage the growing business opportunities in the state. The branch was inaugurated by Mr. Pradyumna Kumar Jena, Regional Director, North Eastern Region, Reserve Bank of India.

Speaking on the occasion, Mr. Pralay Mondal, Senior Group President & Executive Director (Designate), Branch and Retail Banking, YES BANK Ltd. said “YES BANK is committed to further strengthen it’s presence in North East India through its state-of-the-art branches, offering comprehensive financial solutions, specifically catering to the requirements of this region. The Bank has a strong pan India presence with 500 branches in over 325 locations and 1050+ ATMs.”

The high-tech branch in Fancy Bazaar, Guwahati showcases the cutting-edge banking technologies achieving YES BANK’s objective to transform branches from being a mere transaction outlets to ‘Service Oriented Advisory Centers’, thus shifting the focus from providing plain vanilla transactions to high-end value added services.

YES BANK’s Innovative offerings

Savings Account: 7% interest on balances over Rs 1 Lakh and 6 % for less than 1 Lakh.

NRI Deposits: Fixed deposit rates of upto 9.10% pa.

Single Password Access to all banking channels.

Comprehensive Life Cycle banking solutions for SMEs including Cash Management and Trade solutions

Wealth Advisory: Financial advice across Mutual Funds, Life and General Insurance, Real Estate, Art and Structured Products

YES Remit: Easy, fast and secured online money transfer option to India from Australia, UK, UAE and Eurozone.

YES BANK’s unique offerings:

YES BANK was the first Bank to offer Interest rate of 7% for Resident as well as Non-Resident Indians (NRE/NRO) Savings accounts, with balances over Rs. 1 Lakh and 6% interest for balances below Rs. 1 Lakh.

Additionally, some of the innovative services being offered free of cost are secure & instant money transfer including bill payments with two-factor authentication as well as an unique online aggregation service under the proprietary brand ‘MONEY MONITOR’ on the NetBanking platform. Voice enabled Phone Banking services and Mobile payment from one mobile number to another are amongst the many other convenient services that YES BANK offers.

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” by 2015.

For further information, please contact:

Ajay Aswani
YES BANK
Ph.: + 91 22 66209226, +91 9820415593
Email: ajay.aswani@yesbank.in

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