Geneva/Mumbai, September 29, 2016: YES BANK, India’s 5th largest private sector Bank has been recognized as “The Strongest Bank by Balance Sheet in India, 2016” by The Asian Banker, Singapore. The announcement was made at a recognition ceremony held in conjunction with SWIFT’s SIBOS convention in Geneva.
The Asian Banker magazine recognized the fact that YES BANK has maintained best-in-class asset quality relative to its peers in the industry. This is the 4th time in the last 5 years that YES BANK has been accorded with this prestigious honour. YES BANK was earlier recognized as the Strongest Bank in India in 2012, 2013 and 2015.
The ranking is part of the Asian Banker 500 (AB 500) Strongest Bank by Balance Sheet Ranking and has been made based on a comprehensive evaluation that captures the quality of the Banks in the region based on strength, liquidity and sustainability of the balance sheet in a challenging marketplace, relative to peer Banks in India. The key parameters considered include Scalability relative to domestic GDP, Balance Sheet Growth, Prudent Risk Management, Profitability, Asset Quality and Liquidity.
Commenting on this recognition, Mr. Rana Kapoor, Managing Director & CEO, YES BANK, said, “We are extremely pleased with this significant global recognition positioning YES BANK alongside the Best Banks in the Asia Pacific region. Since inception, YES BANK has consistently demonstrated sustained financial performance on the back of consistent profitability, income generation and finest asset quality. This coveted award is a testament to our holistic knowledge driven focus as we work towards the vision of Building the Finest Quality Bank of the World in India by 2020”.
The full assessment is available online as part of The Asian Banker 500 rankings at www.theasianbanker.com
About the Awards
The Asian Banker Strongest Bank Awards is an annual assessment of the financial and business performance of the commercial banking industry in the Asia Pacific region. The assessment ranks the top performing banks in each country by strength, an evaluation that is based on a belief that a strong bank demonstrates long-term profit ability from its core businesses. The winners for these awards are determined using a scorecard approach based on 6 crucial performance indicators rated on a scale of 0-5: Scale, Balance sheet growth, Risk profile, Profitability, Asset quality and Liquidity.
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/