YES BANK, India’s Fifth Largest Private sector Bank, has cut its Base Rate by 25 basis points from 10.75% p.a. to 10.50% p.a. The revised rates will be effective from June 22, 2015. The reduction is a consequence of the recent term deposit rate cuts of upto 25 basis points carried out by the Bank across various tenors which were made effective from June 17, 2015.
About YES BANK
YES BANK, India’s fifth 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 Bank of the World in India” by 2020.
YES BANK has innovated upon its existing platform and has custom made a differentiated workflow to orchestrate the crucial last mile connectivity in this process flow. The solution tailored by the Bank also ensures maximum security in the transmission of financial data from Western Union to YES BANK and vice versa.
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