Yes Bank Launches Operations in Northeast India

Guwahati, Jun 13 : Yes Bank, India’s new age private sector Bank, on Saturday formally inaugurated its North East India and West Bengal Banking operations by adding 15 Branches (10 Operational Branches and 5 Branches opening shortly), to further focus on the growing business and financial opportunities in this key region in our country.

The inauguration by Union Finance Minister Pranab Mukherjee from the flagship YES BANK Kolkata Branch at Camac Street, witnessed the presence of business leaders and industry experts from across this significant region. The Bank also announced its plans to launch 100 more branches across the country within the next one year.

YES BANK’s objective is to strengthen the financial infrastructure in the significant Northeast region & West Bengal, by establishing an extensive and robust framework of state-of-the-art branches providing comprehensive financial solutions, specifically catering to Large & Mid-Corporate, State Government entities, SMEs and Individual customers in this high-potential region.

The Bank aims to transform branches from mere transaction outlets to ‘Service Oriented Financial Centers’, thus shifting the focus from providing vanilla transactions to value added services.

YES BANK presently has a network of 150 branches in 124 city locations across India, with a growing presence in the Eastern and Northeast region. Y

Commenting on the future plans, Rana Kapoor, Founder/Managing Director & CEO, YES BANK said, “YES BANK will steadily enter into the Retail Banking segments, by offering a wide suite of competitive products including secured/unsecured business loans, working capital finance, Trade & CMS and complementary products including CV finance, secured personal loans, amongst others gradually, while augmenting the pan-India Branch presence.”