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 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”.
For further information, please contact:
Ph.: +91 22 3347 9753, +91 9820813570
Ph.: +91 9820660467