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YES BANK Strengthens its Presence in Uttar Pradesh (Varanasi)

Launches its first state-of-the-art branch in the holy town of Varanasi

Varanasi, October 29, 2013: YES BANK, India’s fourth largest private sector Bank, further strengthened its presence in Uttar Pradesh, with the launch of its 1st state-of-the-art branch at Sigra, Varanasi, and the 39th in Uttar Pradesh, to further leverage the growing business opportunities in the state.

Speaking about 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 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 and 1100+ ATMs in all 28 states and 7 Union Territories.”

The high-tech branch in Sigra, Varanasi 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.


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”.

For media queries, please contact:

Ajay Aswani

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