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 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/