YES BANK receives ICRA AA (hyb) rating from ICRA for Basel III AT1 Bonds of INR 3,000 Crore

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Mumbai, March 28, 2017 (GPN) : YES BANK, India’s 5th largest private sector Bank has announced that it has received rating of ICRA AA (hyb) with Stable Outlook from ICRA ratings for INR 3,000 Crores of Basel III Compliant AT1 (Additional Tier-1) Bonds. The detailed rating rationale is available at: LINK

YES BANK’s AT-1 Bond is already rated CARE AA with Stable Outlook from CARE Ratings and Ind AA with Stable Outlook from India Ratings & Research (a Fitch Group Company).

Also, ICRA has upgraded YES BANK’s INR 280 Crore Issue of Basel III AT1 Bonds from ICRA A+ (hyb) to ICRA AA (hyb). The detailed rating rationale is available at: LINK

 

About 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 offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “Building the Finest Quality Bank of the World in India by 2020”.

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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