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YES BANK management reiterates its credit cost guidance of 50-70 bps for FY 15-16

Mumbai, Dec 11, 2015

It has been brought to the notice of YES BANK management today that there are some unverified concerns regarding asset quality.

Through this note the YES BANK management reiterates its credit cost guidance of 50-70 bps for FY 15-16, as communicated by the MD&CEO during the 2nd Quarter Results Press conference held on Oct 30, 2015.

About YES BANK

YES BANK, India’s fourth 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 LARGE BANK OF THE WORLD IN INDIA”.