Wins Domestic Trade Finance Bank of the Year - India and Domestic Technology & Operations Bank Of The Year – India at ABF Wholesale Banking Awards 2018
Mortgage and Home Loan Product of the Year - India and the SME Bank of the Year - India at the 13th year of ABF Retail Banking Awards (2018)
Mumbai, July 18, 2018: YES BANK, India’s fourth largest private sector bank, won multiple awards at the Asian Banking and Finance Awards ceremony, held in Singapore on July 12, 2018. The Bank was recognised with Domestic Trade Finance Bank of the Year - India & Domestic Technology & Operations Bank of the Year – India awards in the Retail Banking segment and Mortgage and Home Loan Product of the Year - India & the SME Bank of the Year – India awards in the Corporate Banking segment.
Asian Banking and Finance, Asia’s leading financial publication has been recognizing the most outstanding practices and innovative strategies in Asia's wholesale and retail banking sector. The jury comprised of industry leaders like Mohit Mehrotra, Regional Head of Financial Services, Strategy & Operation, Deloitte, Liew Nam Soon, ASEAN Managing Partner, Ernst and Young Advisory LLP, Egidio Zarrella, ASPAC Head of Banking and Capital Markets, KPMG, Andrew Taggart, Partner, Financial Services Leader, PwC South East Asia Consulting who adjudged the applicants on the parameters of uniqueness & innovation, effectiveness & Impact and Dynamism.
YES BANK has established itself as a leader in Corporate Banking business in India and is fast capturing mindshare and market-share in the Retail Banking space. At the Asian Banking and Finance Awards this year, the bank has been recognized among peers, at a global level, for introducing state-of-the-art innovation for Corporate Clients through Digitization of Dealer financing through APIs for real time transaction processing and introducing reengineered processes to enhance Digital Outward Remittance experience for Money Changers to deal efficiently in foreign exchange transactions. YES BANK was also recognized for furthering financial inclusion in the country through YES KHUSHI Home Loans for Affordable Housing financing, supporting the Government of India’s ‘Housing for All by 2022’ initiative. Further, the Bank has also won SME Bank of the Year award on the back of innovative offerings for MSMEs like YES GST Programme - an industry-first initiative, YES MSME Digital Banking Suite - an industry first comprehensive digital product for MSMEs, Smart Overdraft, Overdraft against GST and driving awareness about Government’s CGTMSE - Credit Guarantee Fund Trust for Micro and Small Enterprises scheme.
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/
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