- Rating of ICRA AA+ (hyb) with Positive Outlook from ICRA
- Rating of Ind AA+ with Stable Outlook from India Ratings & Research
Mumbai, September 27, 2017:
YES BANK, India’s 5th largest private sector Bank has announced that it has received ratings for an amount of INR 4,000 Cr of Basel III Compliant Tier II Bonds.
- ICRA - ICRA AA+ (hyb) with Positive Outlook
- India Ratings & Research (a Fitch Group Company) – Ind AA+ with Stable Outlook – Link to the detailed Rating Rationale.
The detailed rating rationales can be found below:
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/