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YES BANK receives ICRA AA (hyb) rating from ICRA for Basel III AT1 Bonds of INR 3,000 Crore

Mumbai, March 27, 2017: 

YES BANK, India’s 5th largest private sector Bank has announced that it has received rating of ICRA AA (hyb) with Stable Outlook from ICRA ratings for INR 3,000 Crores of Basel III Compliant AT1 (Additional Tier-1) Bonds. The detailed rating rationale is available at: LINK

YES BANK’s AT-1 Bond is already rated CARE AA with Stable Outlook from CARE Ratings and Ind AA with Stable Outlook from India Ratings & Research (a Fitch Group Company).

Also, ICRA has upgraded YES BANK’s INR 280 Crore Issue of Basel III AT1 Bonds from ICRA A+ (hyb) to ICRA AA (hyb). The detailed rating rationale is available at: LINK

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 29 states and 7 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:

YES BANK
Jitesh Patel
Email: jitesh.patel@yesbank.in

Delna Irani
Adfactors
Email: delna@adfactorspr.com

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