YES BANK wins the ‘Good Corporate Citizen' award for its unique initiatives with scalable impact in Livelihood and Water Security, and Environmental Sustainability
Mumbai, October 28, 2016: YES BANK, India’s fifth largest private sector Bank, has won the Good Corporate Citizen Award 2016 in the ‘Banking and Financial Companies’ category by Bombay Chamber of Commerce and Industry for manifesting corporate social responsibility towards civic communities and operational excellence, and embedding social and economic dimensions of sustainability in programmes and practices.
Speaking on this recognition, Mr. Rana Kapoor, MD and CEO, YES BANK, said: “Going beyond the realms of traditional banking solutions, we at YES BANK constantly strive to develop innovative solutions aimed at creating sustained stakeholder value. We are proud of our Responsible Banking - community and sustainability focused initiatives – and receiving the Good Corporate Citizen Award from the Bombay Chamber for the second time, reinforces our belief and is a strong validation of our institutional efforts. ”
Left to Right: Namita Vikas, Group President & Managing Director, Climate Strategy & Responsible Banking, YES BANK; P Ramesh (President, BCCI); Chitra Ramkrishna (MD & CEO, NSE); V.R Iyer (Member, IRDAI); Shubhada Rao, Group President and Chief Economist, YES BANK
YES BANK had previously received the Bombay Chamber Good Corporate Citizen Award in 2013-14.
The Good Corporate Citizen Awards were instituted in 1994 to recognize and honour conspicuous achievement by corporates in terms of service to the civic community in addition to outstanding operational performance.
Ms. Namita Vikas, Group President & Managing Director, Climate Strategy & Responsible Banking, YES BANK, and Ms. Shubhada Rao, Group President and Chief Economist, YES BANK, received the Award during the 181st Foundation Day celebrations of the Chambers in Mumbai.
On receiving the award, Ms Namita Vikas, said: “By implementing projects based on unique models that are scalable and have sustainable impact, YES BANK has been able to create significant positive stakeholder value. Through various industry-first initiatives and multi-faceted interventions, YES BANK has established itself as a sustainability leader in the Indian Banking sector. Under its Responsible Banking ethos, the Bank premises its business strategy and action on innovating for a sustainable future, and strives to maximise positive impact through structured and focused interventions that are scalable and have sustainable impact. Winning this award is an endorsement of the success of YES BANK’s laser focused interventions that have ensured we remain on track to securing long lasting solutions.”
YES BANK has recently won key national and global awards for sustainable development and Responsible Banking, including the Ethical Corporation’s Responsible Business Award 2016, London, and the Golden Peacock Award for Sustainability 2016. The Bank continues to be the first and only Indian Bank on the prestigious Dow Jones Sustainability Indices, in the Emerging Markets Index.
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 28 states and 9 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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