London Stock Exchange welcomes Yes Bank
YES BANK, India’s fifth 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 a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving its organizational character as the ‘Professionals’ Bank of India with the uncompromising Vision of “Building the Best Quality Bank of the World in India by 2020!”
Speaking on the occasion, Mr. Rana Kapoor, Founder & CEO, YES BANK, said, “YES BANK will endeavour to improve the access to long term overseas funds for corporate in India, through capital markets in the UK particularly towards Green Infrastructure Financing, which is high on India’s agenda. We also look forward to working closely towards the LSE’s endeavour to establish London as the leading centre for rupee denominated offshore capital raising.”
YES BANK has established itself as a pioneer in Renewable Energy Financing in India. In February 2015, YES BANK became the First Indian Bank to launch Green Infrastructure Bonds with an issue size of USD 160 Million ( INR 1000 Crores) which was oversubscribed 2 times. Subsequently, in August 2015, International Finance Corporation, Washington invested USD 50 Million in YES BANK’s Green Infrastructure Bonds from the money raised through a Masala Green Bond listed on the London Stock Exchange. YES BANK was the First Indian Bank to commit a funding of 5000 MW of Green Energy Projects by 2020 and the proceeds from both the Green Bonds issued will be used towards meeting these objectives.