Mumbai: YES BANK, India's new age private sector Bank, received "India's Fastest Growing Bank of the Year" award at the Bloomberg UTV Financial Leadership Awards 2011 that were held in Mumbai on March 26, 2011.
The award was presented to YES BANK by Honourable Finance Minister, Shri Pranab Mukherjee.
YES BANK received this award on the basis of its over all business and financial performance in this financial year, its adaptation to the new regulatory changes, strategies adopted in the last 12-18 months, and the achievements.
Speaking on this occasion Mr. Rana Kapoor, Founder, Managing Director & CEO, YES BANK said, "This is indeed a true recognition of the Bank's strength and sustained growth, a fine top management team with exceptionally effective execution across the Bank. Over the past seven years, YES BANK has demonstrated robust financial performance on the back of strong profitability, sustainable income generation and finest asset quality. The Bank has consistently demonstrated success of its differentiated business model, resulting in superior financial performance across most parameters being in the top 10% of all banks in the Indian banking industry. It gives me immense pride to state that YES BANK is now the fourth largest private sector Bank in the country."
Bloomberg UTV Financial Leadership Awards acknowledge extraordinary contribution of the country's financial champions, and this year the awards were evaluated by an eminent jury of experts which included Jahangir Aziz, Chief Economist, JP Morgan, Abheek Barua, Chief Economist, HDFC Bank, Dr. Chiragra Chakrabarty, Director-Financial Advisory, Deloitte Touche Tohmatsu India Private Limited, Shailesh Haribhakti, Chairman, BDO Consulting Pvt. Ltd., Ashvin Parekh, Partner-National Leader, Global Financial Services, Ernst & Young P. Ltd., Jairaj Purandare, Executive Director, Markets & Industries Leader/Financial Services Leader, PricewaterhouseCoopers P. Ltd., Karthik Srinivasan, Co-Head-Financial Sector Ratings, ICRA Ltd., and L. Shivakumar, Sr. Group VP & Head – Western Region, ICRA Ltd.
YES BANK currently has a network of over 200 branches across India with over 250 ATMs, and two National Operating Centres in Mumbai and Gurgaon.
