Awards reinforce YES BANK’s strength as India’s finest bank for Transaction &
Mumbai, May 5, 2015: YES BANK has won multiple awards at The Asian Banker Achievement Awards programmes held in Hong Kong. YES BANK won the following awards :
Best Trade Finance Bank in India – The Asian Banker Transaction Banking Awards 2015
Best Corporate Trade Finance Deal in India - The Asian Banker Bankers’ Choice Awards 2015
Best Cash Management Project in India - The Asian Banker Bankers’ Choice Awards 2015
The Enterprise Risk Technology Implementation of the Year (Asia) – The Asian Banker Risk Management Awards
The Asian Banker Awards are widely acknowledged by the banking and financial services industry as the highest accolades available to professionals and banks in the industry, as recognized in the Asia Pacific region. A stringent three-month evaluation process based on a balanced and transparent scorecard had been used to determine the winners.
Speaking about the awards, Mr. Rana Kapoor, Managing Director & CEO, YES BANK said “YES BANKer's are pleased to receive these prestigious recognitions from The Asian Banker magazine. The awards reinforce YES BANK’s leadership in the Transaction Banking and Payments domain which is backed by innovation, technology and robust risk management frameworks. 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 recognitions as Best Trade Finance Bank in India demonstrates the Bank’s impressive and sustained progress in offering customized Trade Finance & Service solutions complimented by prudent Risk Management and regulatory compliance, best in class supply chain practices, innovative and differentiated service & solution to our domestic customers and global banks, the most important stakeholders in this recognition.
YES BANK also received an award for Best Corporate Trade Finance Deal in India reflecting YES BANK’s trade team’s competency in understanding the unique requirement of our customers deeply to arrive at a industry and client specific solutions. Such marquee client specific transactions, will over a period of time benefit the entire industry.
YES BANK’s Cash Management Project with Hatsun Agro included an innovative technology driven offering which enabled real time credits & expedited payments to farmers through a cost-effective and secure manner. Given the high social impact of this offering and the scalability potential, this deal was recognized as the Best Cash Management Project in India
At the Risk Management Awards, YES BANK was also recognized for the best Enterprise Risk Tecnology Implementation of the Year in Asia. The implementation helped YES BANK deliver solutions to our corporate clients in a robust and extremely secure manner using cutting edge technology. Awards such as these are reflective of the comprehensive enterprise risk management culture adopted at YES BANK.
About The Asian Banker Magazine
The Asian Banker is the foremost provider of strategic intelligence and data to the financial services community. The company collects and publishes data on the performance of banks in the Asia Pacific region. The Singapore-based company has offices in Malaysia, China and the Philippines as well as representatives in London and New York. The company’s website is www.theasianbanker.com
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.
For further information, please contact:
Ph.: +91 22 3347 9753, +91 9820813570
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