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Press Release

YES BANK’s INR 4000crore Proposed Basel III Tier 2 Bonds receive CARE AAA from CARE Ratings and IND AA+ from India Ratings & Research; Stable Outlook

Mumbai, September 11, 2018: YES BANK, India’s fourth largest private sector Bank, has received the ratings for Proposed Basel III Tier 2 Bonds as follows:

Rating Agency

Instrument Type

Size of Issue



Rating Action

CARE Ratings

Basel III Tier 2 Bonds

INR 4000




India Ratings & Research


Basel III Tier 2 Bonds

INR 4000

IND AA+/Stable


Click on the links to read the Detailed Rationale & Key Rating Drivers

CARE Ratings:

India Ratings & Research (Ind-Ra):


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

For media queries, please contact:

Mihir Mukherjee
Ph.: Mob: +91 9987556960

Jyothi Goswami
Ph.: Mob: +91 9987036388

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