Wins the Most Accurate Forecaster Award
Mumbai, January 16, 2017: YES BANK, India’s fifth largest private sector bank, has won the Reuters Most Accurate Forecaster Award for 2016 for the Indian economy. The Thomson Reuters StarMine Awards for economic data recognize the firms and forecasters who provided the most accurate predictions of economic indicators in Reuters Poll. Awards for economics are based by country on performance, forecasting a select group of top economic data releases in 2016, using all the forecasts an individual or team at a firm provided to Reuters Polls.
More than 50 banks were scored in total based on the average accuracy of their forecasts for leading economic indicators through 2016. After every economic indicator release, StarMine, a global leader in research analytics and is recognized as the Gold Standard in analyst performance measurement, calculated an accuracy score for every contributor to the Reuters Poll for that release. These accuracy scores take into account the error of the given forecaster relative to the error of all the other forecasters for that release. In order for a contributor to receive a high StarMine accuracy score, a contributor must be more accurate than other forecasters and be a consistent contributor over the 12 month period.
Talking about the achievement Shubhada Rao, Group President and Chief Economist, Business Economics Banking, YES BANK said, “We take institutional pride in attaining the Thomson Reuter’s top forecaster position for 2016, reiterating our drive for excellence through our knowledge banking approach.”
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/
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