Mumbai, March 15, 2017: YES BANK, India’s fifth-largest private sector bank, has been adjudged the Best Bank in Asia Pacific for Payments and Collections by Global Finance, a leading international business magazine headquartered in New York.
Global Finance released the rankings for its seventeenth annual Best Treasury and Cash Management Banks and Providers and YES BANK was declared winner after a multi-tiered assessment process, which included a readers’ poll, input from industry analysts, corporate executives, technology experts and independent research, to select the best providers of treasury and cash management services.
Global Finance assessed YES BANK on both subjective and objective criteria, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which the bank has successfully differentiated itself from its competitors around core service provision.
Asit Oberoi, Group President and Global Head, Transaction Banking, YES BANK said, “This award reaffirms YES BANK’s position as a leading service provider for transaction banking services. We aim to digitize the financial supply chain of our clients with newer technology-led innovations. In many ways, digital is another term for business transformation because it’s at the heart of the business and a reflection that you can actually change the life of a customer. The enhancement of the client experience just takes things to the next level.”
Under YES TRANSACT: Digital Working Capital, a comprehensive transaction banking product suite,
YES BANK has launched several new digital products and services, including API Banking (enabling banking directly from the clients’ ERP), On the Go (Mobile banking for businesses), InvoicExpress (electronic invoice payment, presentment and collections), B2B UPI Merchant Integration, and Vendor Financing on Blockchain.
In order to innovate and create new age banking services, YES BANK has also launched YES FINTECH, a business accelerator through which the bank is partnering with Fintechs in order to create new product innovation in Trade Finance, Cash Management, Treasury, Capital Markets and several other areas of corporate banking.
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”.
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