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YES BANK Recognized as India’s Best Corporate/Institutional Digital Bank

Also adjudged Asia Pacific Winner for Best Information Security Initiatives

Mumbai, July 22, 2015: YES BANK has won multiple awards at the Global Finance World’s Best Digital Banks Awards organized by the Global Finance Magazine (headquartered in New York), in the following categories:

  • Country Winner Best Corporate/ Institutional Digital Bank –India
  • Asia Pacific winner in sub category of Best Information Security Initiatives

This is YES BANK’s first victory at the prestigious World’s Best Digital Banks Awards which saw participation from Banks in more than 80 countries across the world. This is the 16th year Global Finance has named the World’s Best Digital Banks.

Speaking about the awards, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said “ YES BANKers are pleased to receive these prestigious recognitions from Global Finance magazine. The Award as India’s Best Digital Bank reinforces YES BANK’s leadership position in the Digital Banking and Payments domain. We continue to offer cutting edge banking and financial solutions to our clients and are steadfastly committed to our vision of Building the Finest Quality Bank of the World in India by 2020.”

YES BANK’s recognition as the Best Corporate/Institutional Digital Bank comes on the back of pioneering initiatives undertaken by YES BANK for its Corporate Customers with a focus on speed, convenience and security.YES BANK has been at the forefront of Information security implementation in India’s Banking industry and has multiple firsts to its credit having introduced new authentication systems including Public Key Infrastructure (PKI) , 2-Factor Authentication and Biometric Authentication.

YES BANK has also deployed a “State of the Art” in house business Analytics tool. This tool redefines the way information is accessed with motto of "Enabling Real Time Information Anytime and Anywhere". This tool facilitates customization of reports based on customer need and makes them available to him via Net Banking platform into White Space.

YES BANK was declared winner based on the criteria of strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings, and evidence of tangible benefits gained from digital initiatives, and web/mobile site design and functionality. Category winners, such as “Best Information Security Initiatives” were selected based on the relative strength and success of those web products and services

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

About YES BANK

YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at http://www.yesbank.in/

For media queries, please contact:

YES BANK
Jitesh Patel
Email: jitesh.patel@yesbank.in

Adfactors PR
Jyothi Goswami
Email: jyothi@adfactorspr.com

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