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 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 media queries, please contact:

Mihir Mukherjee
Ph.: Mob: +91 9987556960

Jyothi Goswami
Ph.: Mob: +91 9987036388

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