Bangalore, August 31, 2017: YES BANK, India’s fifth largest private sector Bank, through its banking proposition for startups, YES:HeadStartup, has partnered with
Karnataka Biotechnology & Information Technology Services (KBITS), a dedicated ‘Karnataka Startup Cell’ set up by Department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka, as a one-stop shop for the provision of assistance to startups with respect to information on regulatory environment, networking with industry bodies and academic institutions in addition to other operational assistance.
Through this partnership YES BANK will provide full service banking services to startups incubated by KBITS across the following:
- Special Current Account variant with no minimum balance commitment
- Innovative Digital & Cash Management Solutions like API Banking, UPI, Wallet Services
- Wide-ranging Forex products & Trade-related Advisory Services
- Beyond banking services such as Angel investor interaction, Mentorship & Guidance Programs and discounted co-working spaces, specialized financial & tax advisory through a unique alliance program with like-minded industry partners
- Loan Products (Business & Personal)
The partnership aims to create a culture of Fintech entrepreneurship in these markets through the following strategic initiatives:
YES:HeadStartup: A comprehensive banking solution for tech and tech-enabled Start-ups. It is a customized program consisting of registration assistance, incubation & accelerator services, investor interface and marketing assistance which YES BANK would offer to the members of the program.
YES BANK through YES FINTECH; the in-house business accelerator for fintech startups has also been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its Corporate, SME and retail customer base.
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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