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YES BANK Launches YES: Head: Startup a Banking Service for Startup

  • Unique Start-up banking proposition complemented by a first-of-its-kind privileges program
  • Wide network of Alliance Partners to provide clients with unprecedented benefits
  • Access to YES BANK’s seamless Digital Banking services

Mumbai, September 28, 2016: YES BANK, India’s 5th largest private sector bank, today announced the launch of YES:Head-STARTUP; a full service banking proposition for tech or tech-enabled Start-ups, complemented by a first-of-its-kind privilege program.

In keeping with unique and specialized banking requirements of start ups, the YES:Head-STARTUP program will offer Customized Current Account, Innovative Digital & Cash Management Solutions, Comprehensive Trade-Forex Advisory Services, Dedicated ‘Start-Up’ focused Branches, Personal Banking Products / Credit Cards, Loan Products (Business & Personal) and Useful Alliances / Event Partnerships / Mentorship & Guidance Programmes for startups.

YES:Head-STARTUP clients will also get access to YES BANK’s seamless digital banking services which include India’s first UPI Banking platform and the award-winning API banking facility to enhance transactional efficiency.

Mr. Rana Kapoor, MD & CEO, YES BANK said, “The wave of new age Indian entrepreneurship is characterized by Design, Innovation and Creativity-led Entrepreneurship. At YES BANK, we believe that this phase of entrepreneurship in India can be furthered using the F.I.V.E. approach, which involves support at key life-stages of enterprises - Funding, Incubation, Vesting and Expansion. The ‘F.I.V.E.’ approach involves financial institutions at the fulcrum, delivering catalytic change by harnessing the power of entrepreneurship. The launch of YES:Head-STARTUP reinforces our unstinted commitment to nurturing and promoting entrepreneurship and innovation in India.”

In addition to comprehensive Banking services, YES BANK has partnered with marquee service providers in the startup space including Indian Angel Network (IAN), T-Hub, Registrationwala, Awfis, ISDI and VC Circle, to provide bespoke privileges as outlined below

Alliance Partner

Value Proposition

VC Circle

  • Special discounted price for VCCircle trainings calendar planned for the year
  • Assist Yes HeadSTART-UP(YHS) clients select suitable training programs and nominate team members to build a talent pool with relevant functional knowledge

Indian Angel Network

  • YHS clients to get First track opportunity at fund raising from IAN

Registrationwala

  • 30% discount on fee charged for professional services rendered by Registrationwala to YES BANK clients registered under YES HeadSTART-UP Program

AWFIS

  • 15% discount on working space at awfis premises in Delhi, Mumbai & Bangalore for YES HeadSTART-UP clients
  • Cloud Credits & Service Providers – USD 3,000 in AWS Promotional Credit valid for 2 years & 1 year of AWS Support (up to $ 5,000)
  • Focused knowledge & banking sessions for YBL clients in AWFIS premises

ISDI

  • 1 ½ day Design thinking Boot Camp once a Quarter
  • Deep discount on co-working space & ISDI Incubation services

T-Hub

  • Deep Discounts on Co-Working Spaces
  • A monthly business pitch program for YES BANK Clients to help reach out to Investors
  • Quarterly workshops by T-Hub mentors for YHS clients

Entrepreneur Magazine

  • Free 6 month subscription to Entrepreneur Magazine
  • Free registration to workshops & events
  • Bytes or column writing opportunity in Entrepreneur Magazine for YES HeadSTART-UP clients

The unique YES:Head-STARTUP Current Account provides maximum cost-saving features including the following:

  • No balance commitment for 1st year of relationship
  • Anywhere Banking any YES BANK location with no additional charges
  • Free anywhere payments and collections through cheque
  • Free RTGS/NEFT/Intra-Bank FT collections & payments
  • Best-in-class YES FIRST World Business Debit Card with higher transaction limits
  • Free banking through NetBanking, MobileBanking, PhoneBanking
  • Free At-Par Cheque book and Demand Drafts
10 YES BANK Branches across India strategically located in StartUp hubs in Mumbai, Pune, Gurgaon, Noida, Bangalore, Hyderabad, Ahmadabad, Chennai, Chandigarh & Kolkata, will serve target StartUp companies. Each of these branches will have dedicated staff to cater to the unique needs of startup entrepreneurs.

About YES BANK

YES BANK, India’s fourth 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 INDIA’s FINEST QUALITY LARGE BANK”.

YES BANK
Jitesh Patel
Ph.: +91 22 3347 9753, +91 9820813570
Email: jitesh.patel@yesbank.in

YES BANK Limited
Aniruddha Ghosh
Ph.: +91 11 66569073
Email: aniruddha.ghosh@yesbank.in

Adfactors
Delna Irani
Ph.: +91 9820660467
Email: delna@adfactorspr.com

Elim Panda
Adfactors
Ph.: +91 9711818517
Email: elim.panda@adfactorspr.com

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