Yes Bank Limited is an Indian private sector bank founded by Rana Kapoor in 2004, and primarily operates as a corporate bank, with retail banking and also asset management as subsidiary functions. Its aim is to establish a high quality, customer-centric, service driven, private Indian Bank catering to the Future Businesses of India. It 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 Limited derives most of its revenues through arranging syndicated loans and through corporate banking. It operates as three entities - Yes Bank, Yes Capital and Yes Asset Management Services.
As per the bank's website as well as information published, Yes Bank deals with Corporate and Institutional Banking, Commercial Banking, Investment Banking, Corporate Finance, Financial Marketing, and Retail Banking.
Yes Bank has equities listed on the Bombay Stock Exchange and National Stock Exchange of India and has bonds listed on the London stock exchange.
EXPANSION AND KNOWLEDGE INITIATIVES:
As on June 30, 2019, the employee strength stood at 21,745, branch network stood at 1,122 and ATM network stood at 1,220. Yes Bank launched the Click OD (overdraft) facility for the Bank's existing Micro, Small and Medium Enterprises (MSME) customers. Through this, an MSME can avail unsecured OD up to Rs 10 lakh digitally, without any documentation. This unique proposition will be offered to select customers basis their account conduct and credit history.
AWARDS & RECOGNITIONS:
Yes Bank was recognized and bestowed awards at multiple platforms for its Digital and Innovation practices. It received India's Fastest Growing Bank of the Year award at the Bloomberg UTV Financial Leadership Awards 2011.
It was recognised as the Best Trade Finance Bank in India Award (5th year in a row) at The Asian Banker Transaction Awards 2019. The Bank has also been recognised as the Best Corporate Trade Finance Deal in India and Best Financial Supply Chain Management in India at The Asian Banker Bankers Choice Awards 2019.
Yes Bank was also recognised as the Best Deal South Asia (India) - Transport Deal of the Year, Utility Deal of the Year and Renewable Energy Deal of the Year – Solar (Highly Commended) at The Asset Triple A Asia Infrastructure Awards 2019.
Yes Bank has been ranked No. 1 for exemplary performance in Digital Payments across public, private, foreign, and payment banks in India by Ministry of Electronics & Information Technology (MeitY), and it has been selected by Global Finance magazine as The Innovators in Trade Finance and the 25 Best Financial Innovation Labs (YES FINTECH).