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Press Release

YES BANK and APNRT enter into strategic partnership

 

YES BANK will offer comprehensive financial solutions to Telugu NRIs through Andhra Pradesh Non-Resident Telugu (APNRT) Society through its Global Indian Banking (GIB) program

 

Mumbai, January 24, 2017: YES BANK, India’s fifth largest private sector bank, has entered into a strategic partnership with Andhra Pradesh Non-Resident Telugu (APNRT) Society, a government of Andhra Pradesh initiative to unite the Telugu Diaspora worldwide and provide them the right platform to engage with their motherland in ways and means which are symbiotic in nature.

Under its Global Indian Banking (GIB) programme, YES BANK will offer comprehensive financial solutions to Telugu-speaking NRIs across the world, ranging from savings account, international debit card, state-of-the-art digital banking solutions, remittance, foreign currency fixed deposits, mediclaim insurance, insurance and a plethora of other products, along with a dedicated relationship manager to take care of all banking needs of the NRIs as well as their family members in India.

APNRT is dedicated exclusively to cater to the needs of the non-resident Telugu diaspora, formed under the leadership of the Honourable Chief Minister of Andhra Pradesh, Shri N Chandra Babu Naidu and Honourable IT/NRI minister, Shri Palle Raghunatha Reddy. APNRT functions as a one stop conduit for all the Non Resident Telugu (NRTs) to become a seamless extension of Telugu community.

Speaking on the partnership, Pralay Mondal, Head, Retail & Business Banking, YES BANK said, “As a knowledge driven Bank, YES BANK understands the specific needs of NRIs and we are proud to partner with APNRT to provide comprehensive banking solutions to NRI Telugus, which will play a key role in our aspiration to become the ‘Savings Bank of India’. Andhra Pradesh is an important geography for our NRI business and YES BANK remains committed to offering the best banking experience to NRTs.”

Dr Ravi Vemuru , Advisor to Andhra Pradesh State Government for NRT Affairs & Investments, added, “APNRT society is proud to announce our association with YES BANK for offering Global Indian Banking services to our members. Through this association, APNRT will be able to provide much needed valuable services to our Diaspora like Superior Interest Rate on Savings Account, favorable exchange rates for forex conversions, accident death insurance through International Platinum debit card and Medical Insurance facilities to NRI’s family members in India amongst others.”

YES BANK has leveraged its human capital, technology, speed and financial knowledge to be the Banker of First Choice for NRI customers by delivering high quality, customized, state-of-the-art products & services.

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 29 states and 7 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/

For media queries, please contact:

Sonali Shome
YES BANK
Email: sonali.shome@yesbank.in

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