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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

(Crore)

Rating/Outlook

Rating Action

CARE Ratings

Basel III Tier 2 Bonds

INR 4000

CARE AAA/

Stable

Assigned

India Ratings & Research

(Ind-Ra)

Basel III Tier 2 Bonds

INR 4000

IND AA+/Stable

Assigned

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

CARE Ratings:

http://www.careratings.com/upload/CompanyFiles/PR/Yes%20Bank%20Limited-09-11-2018.pdf

India Ratings & Research (Ind-Ra):

https://www.indiaratings.co.in/PressRelease?pressReleaseID=33822&title=India-Ratings-Assigns-Yes-Bank%E2%80%99s-Proposed-Basel-III-Tier-2-Bonds-%E2%80%98IND-AA%2B%E2%80%99%3B-Outlook-Stable-

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/

For media queries, please contact:

YES BANK
Mihir Mukherjee
Ph.: Mob: +91 9987556960
Email: mihir.mukherjee1@yesbank.in

Adfactors
Jyothi Goswami
Ph.: Mob: +91 9987036388
Email: jyothi@adfactorspr.com

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