Mumbai, November 27, 2017: YES BANK, India’s fifth largest private sector bank, received multiple awards at the ‘Asiamoney Awards-2017’ hosted in Hongkong, China by the prestigious Asiamoney magazine. YES BANK was recognized as the Best Bank in India in the Asiamoney Corporate Client Choice Survey 2017 based on voting from Asia’s top corporates. YES BANK also received the “Best Bank in India for CSR” award for multiple initiatives including championing Green Finance as well as the use of digital technologies to boost financial inclusion in the country.
In the Corporate Client Survey, Asiamoney polled 1500 corporate treasury officials across Asia to rank their banking partners for quality of execution capabilities and quality of relationships in six key business areas of capital markets, cash management, credit, rates, foreign exchange and trade finance.
Since inception, YES BANK has leveraged technology and innovation as key pillars in its vision of offering a superior Banking experience. YES BANK’s ranking in the survey reflects the Bank’s leadership in Corporate Banking Services in India through consistent focus on values of Digital Innovation and Knowledge Banking and implementing novel technologies like Block-chain, Banking from ERP, AI/ ML backed-solutions among others to enhance banking solutions for customers.
YES BANK has also long been a champion of Green Finance, issuing Green Bonds for the first time in India and mobilizing USD 5 billion to mitigate climate change. The bank has also been a frequent contributor to social causes and has worked specifically to alleviate issue of access to potable water and financial literacy.
Commenting on the development, Mr. Rana Kapoor, MD & CEO, YES BANK said, “We are honored to be recognized as the Best Bank in India in the Asiamoney Corporate Client Choice Survey 2017 and for winning the ‘Best Bank in India for CSR’ Award, on such a highly prestigious global platform. Since inception, it has been our constant endeavor to provide consistent and secure banking experience to our customers, while providing seamless banking technology solutions.
YES BANK takes pride in institutionalizing ‘priority of service orientation’ and ‘giving back to the society’, across the organization. Global recognitions such as these stand testimony to our uncompromising focus on corporate governance, risk management, mainstreaming sustainability and Banking responsibly through cutting edge Technology and Innovation.We will continue to strive towards achieving our mission of evolving as India’s finest quality LARGE BANK by 2020, driven by the BANK’s four pillars of Innovation, Knowledge Banking, Trust and Responsible Banking.”
Asiamoney, a leading voice in banking & finance in Asia-Pacific, had designed the awards and the Corporate Client survey to give its readers insights on what makes for a Top Bank among financial market participants in Asia-Pacific— and which firms have the strongest presence in different categories which include the Corporate Client’s Survey ad Corporate Social Responsibility. The detailed survey methodology can be found here.
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/