April 20 2016, 17.06 PM IST || Pocket News Alert
April 20, 2016: YES BANK, India’s fifth largest private sector Bank, has been awarded the prestigious Golden Peacock National Quality Award, 2016 at the Institute of Directors (IOD) 2016 World Congress on Leadership for Business Excellence & Innovation held in Dubai on April 19-20, 2016.
The award was presented by Mr. Anurag Bhuwan, Consulate General of India in Dubai and Dr. Tayeb Kamali. The winners were adjudicated upon by an Awards Jury under the Chairmanship of Justice M. N. Venkatachaliah, former Chief Justice, Supreme Court of India.
Commenting on this achievement, Mr. Rana Kapoor, Founder, Managing Director and CEO, YES BANK said, “It is a significant pride and honor for YES BANK to receive this coveted recognition from The Banker. Since inception, YES BANK has established itself as a truly differentiated Financial Brand with a strong focus on the mission critical pillars of Quality driven Growth, Innovation and Responsible Banking.”
“YES BANK is committed to building a culture of Quality and Innovation across all businesses and setting the highest standards of Corporate Governance, benchmarked with the best in class practices across the globe. Transparency and accountability are the fundamental principles to sound Corporate Governance, which ensures that our organization is managed and monitored in a responsible manner for ‘creating and sharing value’,” added Mr. Rana Kapoor.
YES BANK was presented the award on account of its exemplary performance on maintaining the highest standards of quality across parameters. YES BANK, India’s fifth largest private sector Bank, is an outcome of the professional & entrepreneurial commitment of its Founder Mr. Rana Kapoor and the highly competent top management team.
YES BANK is the only Greenfield Bank in the last 20 years to be awarded a Banking license by RBI, associated with the finest pedigree investors. Within a span of 11 years, the Bank has emerged as a significant player in the Financial Services Industry. Today, YES BANK has fructified into a “Full Service Commercial Bank” that has steadily built Corporate, SME & Retail Banking, with a comprehensive product suite of Financial Markets, Investment Banking, Corporate Finance, Business and Transaction Banking, Branch Banking, and Wealth Management business lines across the country.
As on 31 Dec 2015, the bank had a balance sheet size of INR 1,23,200 crore and Gross NPA of 0.42% .YES BANK has also now achieved critical mass and momentum in terms of our state-of-the-art branch network with 750+Branches and 1,371+ ATMs and two National Operating Centers in Mumbai and Gurgaon.
In addition, YES BANK has maintained a prudent, robust balance sheet with best-in-class asset Quality throughout the various challenging economic cycles, and has grown steadily to a considerable size. The superior Asset Quality is due to our proactive risk management frameworks and in-depth knowledge of our clients and the sectors that they operate in.
In terms of Human Capital, YES BANK has achieved a significant milestone in FY 2014-15 crossing the 10,000 mark and the number of YES BANKERS as on March 31, 2015 stood at 13,477. The bank has now built a strong team of ‘Professional Entrepreneurs’ backed by robust leadership who are working towards attainment of YES BANK’s vision and organizational ethos of becoming ‘Professionals’ Bank of India’.