Mumbai, November 7, 2017: YES BANK, India’s fifth largest private sector Bank announces the appointment of Ajay Rajan as Group President & Head Transaction Banking (Trade & CMS) Sales.
Ajay will be responsible for propelling business development and growth across YES BANK’s YES TRANSACT suite of products, including Cash Management Services (CMS), Capital Markets, and Trade (including Supply Chain Finance, Foreign Exchange Services and Bullion) products. Ajay will further augment YES BANK’s Transaction Banking franchise and accelerate growth towards YES BANK’s vision of becoming the ‘Dominant Transaction Bank’ by 2020. YES Transact solutions have been a core driver of the Bank’s strategy of building granular liabilities and fees franchise.
YES BANK has been at the forefront of leveraging technology and innovation to offer differentiated transaction banking services to its clients across large corporates, emerging corporates, as well as MSMEs and new age fintech startups. YES BANK was also the first bank in India to successfully implement innovation in supply chain finance using blockchain. The Bank has over the years emerged as India’s ‘most Social Brand’, and a global leader in the banking sector and is increasingly engaging with its over 3.5 million Twitter followers, over 7 million fans on Facebook and over 0.6 million Instagram followers, amongst other platforms towards B2B and B2C2C business engagement and customer servicing. Further, under its ART (Alliances, Relationships driven by Technology) ethos, YES BANK has been spearheading the digitization of B2B, B2C, C2G, and B2G payments and collections, thereby aiding the objective of a less-cash economy.
Speaking on the appointment, Rana Kapoor, MD & CEO, YES BANK, said, “In this critical leadership role, Ajay will lead the Transaction Banking Sales team of over 225 senior product sales leaders covering over 25 key pan India locations. The team will continue to leverage the strength, scale and reach of the Bank’s Corporate and Retail Relationship Groups to further deepen penetration of Trade, CMS and digital products and solutions. YES BANK has developed over 100 APIs (Banking as a Service), and will increasingly support the digital transformation of our clients’ financial supply chains, thereby providing them with core business differentiators.”
Ajay has more than 21 years of corporate banking experience with Deutsche Bank in the areas of Trade Finance & Cash Management across India. In his last role, he was leading the Global Fintech business for Deutsche Bank. Ajay brings with him strong client relationships and a proven track record of launching and managing business, sales process enhancement and stakeholder management. Ajay has a B.Com, Delhi University and an MBA.
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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