- Awarded bestowed by the Chief Guest Shri Jayant Sinha, Hon’ble Minister of State for Civil Aviation
- YES BANK is the only bank to receive the Porter Prize this year
- YES BANK received the prestigious award for Leveraging Unique Activities
New Delhi, September 30, 2016: YES BANK, India’s 5th largest private sector Bank has been awarded the Porter Prize 2016 at the National Competitive Forum & Porter Prize 2016, organized by Institute for Competitiveness (IFC). The award was conferred on YES BANK for outstanding performance in the industry and to recognize the Bank’s effective rendering of activities across the value chain to create competitive advantage.
The award was presented by Chief Guest Shri Jayant Sinha, Hon’ble Minister of State for Civil Aviation in the presence of Prof. Michael Porter at a prestigious ceremony.
Commenting on the recognition, Mr. Rana Kapoor, Managing Director and CEO, YES BANK and Chairman, YES Institute said, “India’s new age Entrepreneurial Economy is characterized by Design, Innovation and Creativity – led Entrepreneurship. I am confident that with the right mix of innovative ideas, access to risk capital and large consumption demand, India is well positioned to emerge as the global hub for entrepreneurship & innovation with the potential to fuel not only national, but also global aspirations of the 21st century.
It is a privilege and honor for YES BANK to receive the Porter Prize for “Leveraging Unique Activities”; such awards motivate us to raise the bar in our pursuit to consistently deliver on our vision to ‘Build the Finest Quality Bank of the World in India’.”
Previous Porter Prize winners include the likes of JSW Steel, Mahindra Rural Housing & Finance, Abbott India, DHL, Apollo, Reliance Foundation, TATA Power, IndiGo Airlines, HUL, and Essar Foundation amongst others.
Further details about the award, evaluation criteria, past editions and winners are available at http://porterprize.in/
About the Porter Prize
The Porter Prize is named after Prof. Michael E. Porter, an economist, researcher, author, advisor, speaker and teacher. Throughout his career at Harvard Business School, he has brought economic theory and strategy concepts to bear on many of the most challenging problems facing corporations, economies and societies, including market competition and company strategy, economic development, the environment and health care. His research has received numerous awards, and he is the most cited scholar today in economics and business.
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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