Second Mandi Activity in a series of ten in partnership with APMCs and Commodity Markets
Surat, October 08, 2018: In continuation with its Market Loan Carnival, YES BANK, India’s fourth largest private sector bank, is organizing the second ‘Mandi Activity’ in Surat on 9th and 10th October, 2018. The Bank has set up meetings with top officials of Surat APMC in order to enable digital payments making it India’s first ever Digital Mandi. This would assist the Bank to facilitate digital payments across the value chain in order to create a seamless payments system thereby making the process easier for the customers.
YES BANK continues to be the only bank to participate in this unique format event targeted towards the retail segment customers. The Bank has increased the scope of the Market Loan Carnival to include retail loan products for affordable housing. With the Bank’s YES KHUSHI home loan, ’owning a home is just a discussion away’. Individuals with family income of Rs. 9000 and above will be eligible to apply for the loans and the Bank lays no restrictions on the industry or job profile of the applicants neither does the application require formal income documents. Besides this, there is also a provision of interest subsidy up to Rs. 2.67 lakh.
Like its previous edition, there will be vehicle displays at the event as well and First Time Users can also avail loans on heavy commercial vehicles, including Tippers. In addition, the Bank has also introduced the provision of over draft facility against collateral of vehicles or property. The new offerings also include 100% LTV to YES Captive customers on Tata ACE, AL Dost and Mahindra Pick up. Another added incentive for First Time Users under Green Channel for LMV license holders include attractive customized loans basis work experience, home ownership and a guarantor without the requirement of income documents.
The event will help visitors get information regarding the Bank products thereby helping them expand their scope of business and effectively utilize their capital for best returns. It will also allow the Bank to reach out to its retail traders and foster a deeper relationship with them by the means of exclusive offers for the members of the Market Yard.
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 28 states and 9 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: