Mumbai, June 29, 2017: YES BANK, India’s fourth largest private sector Bank, has been adjudged as the ‘Best Trade Finance Bank in India’ at The Asian Banker Transaction Banking Awards 2017. YES BANK was assessed on the basis of its ability to meet business requirements of the clients through tailor-made trade finance solutions, complimented by state of the art digital platforms, thereby attaining outstanding growth in its trade business.
YES BANK’s victory as the Best Trade Finance Bank in India was its 3rd successive victory at the Transaction Banking Awards. This demonstrates the Bank’s impressive and sustained progress in offering customized Trade Finance & Service solutions, complimented by prudent Risk Management and regulatory compliance, best in class supply chain practices, innovative and differentiated services & solutions to our customers.
The Transaction Banking Group at YES BANK is a core product group focused on Financial Supply Chain Management of Corporates, both International and Domestic, comprising Trade Finance & Services and Cash Management Services (CMS). The Trade Finance & Services product portfolio focuses significantly on Working Capital requirements across large and small Corporates (including the government and SMEs).
On receiving the prestigious recognition,Asit Oberoi, Group President and Global Head,Transaction Banking Group, said, “The depth and breadth of our Trade Finance solutions coupled with adoption of international best practices, robust digital offerings, highest standards of customer service, quality and operational excellence helps in servicing the changing needs of our clients across the country. This recognition reaffirms YES BANK’s mission of breaking technological barriers to provide superior customer experience.”
The Asian Banker Transaction Banking Awards is a prestigious and transparent annual awards program, recognizing leadership in cash management, trade finance and payments industries amongst international financial institutions in Asia Pacific, the Middle East and Africa. Banks were evaluated across dimensions such as financial performance, sales capabilities, channels and distribution, products and services, operations & technology and achievements.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
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 8 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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