- The Banker’s Top 1000 World Banks: YES BANK is ranked 9th and is the only Indian bank among the 25 highest movers worldwide in terms of (%) Tier 1 capital.
- The Banker’s Top 1000 World Banks: YES BANK is the 2nd highest mover in Asia-Pacific (excluding China And Japan) based on the increase in Tier 1 Capital
- The Banker’s Top 1000 World Banks: Ranked 84th worldwide for Return on Assets (RoA)
Mumbai, July 18, 2017: YES BANK, India’s fourth largest private sector Bank has been ranked 1239th in the Forbes Global 2000 – World’s Top Companies list for 2017; this is one of the highest jumps (up 493 places from last year’s ranking) in this prestigious global list.
YES BANK is ranked 1,487th in Profit, 967th in Assets and 1,076th in Market value, among the top 2000 companies of the world this year. The Forbes Global 2000 ranking lists the biggest listed companies based on 4 metrics: Sales, Profits, Assets and Market Value. YES BANK’s improvement comes on the back of strong performance across all the metrics. YES Bank debuted on the Forbes Global 2000 list in 2016 as the Youngest Indian Company, and one of the Youngest Banks in the World.
The Bank has also been ranked 271st in the prestigious ‘The Banker’s Top 1000 World Banks 2017’ list. It has moved up from the 2016 rank by 129 places, one of the highest movers in the Top 1000 banks this year. The Banker’s ranking is based on the Tier I Capital of the Bank. YES BANK has strengthened its Tier I capital base by raising USD 1.2 billion in FY 2016-17 which includes USD 750 million raised through QIP in Q4 FY17 and INR 3,000 crore (approx. USD 450 million) through AT1 perpetual bonds in Q3 FY17.
Commenting on this ranking, Rana Kapoor, Managing Director and CEO, YES BANK, said, “This significant jump in global rankings is a testament to the strong and demonstrated management frameworks, sound business & financial model, coupled with the prudent risk approach adopted by the Bank. These recognitions validate the faith and confidence of our global stakeholders in our financial and differentiated business model. These recognitions are a huge encouragement and will motivate us even further to achieve our uncompromising vision of building “India’s Finest Quality Big Bank by 2020.”
In just 13 years of commencing operations, YES BANK has established itself as India’s fourth largest private sector bank with a Total Balance Sheet size of over INR 2 lakh crore (~USD 31 billion), sustained profit growth and steadily increasing granular CASA portfolio, making it the fastest growing bank in India. In FY17 – its 13th year of operations – YES BANK has achieved several significant milestones such 1,000 branches, over 20,000 employees, 31.1% growth in net profit in FY17 and crossing balance sheet size of USD 1 Billion in its IFSC Banking Unit (India’s first) at GIFT City, Gandhinagar.
Forbes is an American business magazine. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. It also reports on related subjects such as technology, communications, science, politics, and law. The Forbes Global 2000 is an annual ranking of the top 2,000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: sales, profit, assets and market value. The list has been published since 2003. The Forbes Global 2000 is a useful indicator of which are the leading public companies in the world, but it is only an interpretation, as only public companies are listed. The results are not definitive; any change to the criteria would produce a different list.
About The Banker
The Banker is the world's premier banking and finance resource, read in over 180 countries around the world. The Banker is the key source of data and analysis for the industry. Its unique database of more than 4000 banks maps their financial strength and soundness via Tier 1 capital, their profitability and their performance versus their peers.
The Banker has been providing global financial intelligence since 1926 and has built a reputation for objective and incisive reporting on major events. Every month the magazine combines in-depth regional and country coverage with reports on capital markets and structured finance, risk management, working capital management and securities services, environmental finance, trade and project finance, trading, technology and management and governance issues. The Banker's editors travel the world to interview senior bankers and world leaders, giving the magazine a unique insight on global trends.
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 THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.
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