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STRATEGIC PROCUREMENT UNIT

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Procurement

Procurement Unit at YES BANK is a centralized procurement unit supporting all key businesses within YES BANK across different processes ranging from Sourcing to Procurement Operations.

YES BANK Vendor Community

Vendors are an integral part of our business and important for ensuring business success. YES BANK has high level of reliance on its vendors who can meet the banking requirements and deliver high quality and reliable products and services at reasonable costs.

YES BANK follows good governance procedures of fairness, transparency and equity in vendor selection and focuses on continuous improvement in practices, cost leadership and technologies. We expect our vendors to demonstrate similar values and propriety. Procurement Unit manages the acquisition of products and services, and serves as the primary interface to our internal organizations for all supplier interactions.

We, at YES BANK, strive to evolve our vendor engagement models and create easy point of entry and connect for current and potential vendors.

We, at YES BANK, are focused on creating value across the chain as committed and as diverse as the communities we serve. By remaining true to our values, ethics and corporate social responsibility principles we have earned trust of a large vendor base.

Our vendors shall ensure that they should not recruit or onboard any employee of YES BANK which can potentially create Conflict of interest. Any such relationship should be declared in accordance with the applicable practices, procedures and law.

Our vendors shall not make any willful omissions or material misrepresentation that would compromise the integrity of our records, internal or external communications and reports.

Our vendors shall respect and protect all confidential information, intellectual property and data of YES BANK and related third parties.

Our vendors should not use YES BANK Logo without explicit written permission from relevant authorities of YES BANK.

We encourage our Vendors to raise concerns or make disclosures when they become aware of any actual or potential violation of our Code of Conduct, policies or law. We also encourage reporting of any event (actual or potential) of misconduct that is not reflective of our values and principles. Vendors must report any violation of the Code or unethical activity without any fear of repercussion. Please refer YES BANK ‘Whistleblower’ policy.

 

YES BANK is signatory to the United Nations Global Compact and encourages the suppliers to support the ESG (Environment, Social & Governance) standards that are based on the 10 principles of UN Global Compact initiative.

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