- YES BANK had previously won The Banker Bank of the Year – India award in 2015
- The Banker receives over 1,000 applications and selects one winning bank for each of the 120 countries' judges
Mumbai, November 30, 2017: YES BANK, India’s fifth-largest private sector bank, has been adjudged the Bank of the Year – India at The Banker Bank of the Year 2017 Awards, in London, on November 29, 2017. This is the 18th edition of The Banker Bank of the Year Awards. It is widely regarded as the Oscars of the Banking Industry. The Banker magazine is part of The Financial Times Group, UK. The aim of the awards programme is to highlight industry wide excellence within the global banking community.
The Banker said that YES BANK registered strong results while launching innovative initiatives in the technology and payments space. It also sustained a strong performance in the capital markets sphere with a diverse set of bond issuance.
YES BANK had previously won The Banker Bank of the Year – India award in 2015.
All Banks were evaluated on a host of parameters, including FY2017 financial performance, financial inclusion, innovation, technology, digital and fund-raising initiatives. The judging was carried out on the basis of the submitted entries. The Banker receives over 1,000 applications and judges select winning banks based on which ones they believe have made the most progress over the past 12 months. The Banker selects one winning bank for each of the 120 countries’ judges.
YES BANK’s win post the thorough assessment done by The Banker is a testament to the strong management, sound business & financial model and prudent risk approach adopted by the Bank since inception.
The Banker said that YES BANK has registered strong results while launching innovative initiatives in the technology and payments space. It also sustained a strong performance in the capital markets sphere with a diverse set of bond issuance.
Speaking on this recognition, Mr. Rana Kapoor, Managing Director & CEO, YES BANK, said, “We feel honored to receive such a significant global recognition from the world’s leading publication like The Banker. It is a strong reinforcement of YES BANK’s robust financial and business model. In the past year, YES BANK pursued multiple initiatives towards achieving ‘Future: NOW’, which will further enable us to pursue our multi-pronged growth strategy across business segments, by leveraging the improving tailwinds in the Indian economy. The Bank’s ‘Digital First’ approach to delivering innovative solutions is also rapidly gaining mindshare and market share across new age Payment and lending platforms. YES BANK remains committed to offering the best-in-class Banking services to our esteemed clients, as we work towards our long term mission of becoming “INDIA’s FINEST QUALITY BIG BANK by 2020.”
YES BANK also won dual accolades at the Banker Transaction Banking Awards 2017, reinforcing its leadership in transaction banking. Earlier this year, YES BANK was ranked 271st in the prestigious ‘The Banker’s Top 1000 World Banks 2017’ list, moving up by 129 places from the 2016 ranking, making it one of the highest movers in the Top 1000 banks this year.
The Banker has been the world’s leading monthly journal of record for the banking industry for the last 90 years.
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/