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YES BANK Empanelled by as the Clearing and Settlement Bank by Bombay Stock Exchange

Mumbai, November 12, 2009: YES BANK, India’s new age private sector Bank, has been empanelled as the Clearing and Settlement Bank by the Bombay Stock Exchange (BSE).

 

YES BANK has been a clearing and settlement banker to various leading Commodity Exchanges in India, and has managed Settlement Banking activities for several exchange members. YES BANK has established a ‘Truly Integrated’ model leveraging the ‘state-of-art’ technology platforms to cater to the time-sensitive requirements of Equity and Commodity Markets’ clients.

 

Speaking on the occasion Mr. Rana Kapoor, Founder/Managing Director & CEO, YES BANK, said: “YES BANK is recognized for implementing innovative and customized solutions for its corporate and retail clients. It is our privilege to have been empanelled by BSE. This alliance is a significant milestone for YES BANK which will enable us to further strengthen its Capital Markets business proposition to the members of BSE, through our fully Integrated and proven technology platform.”

 

Mr. Madhu Kannan, Managing Director & CEO, Bombay Stock Exchange, said:

 

“We welcome YES BANK as clearing bank to the BSE fold. BSE is continuously working towards enhancing the technology and provide more innovative products and services to its members. With this new arrangement, we hope to leverage YES BANK’s expertise in technology and attract more customers of the Bank to trade through BSE.”

 

About YES BANK

 

YES BANK, India’s new age private sector Bank, 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 as the Professionals Bank of India with the long term mission of “Building the Best Quality Bank of the World in India”.

 

About Bombay Stock Exchange Limited

 

Established in 1875, BSE is the oldest Stock Exchange in Asia. Earlier an Association of Persons (AoP), the Exchange is now a corporatised and demutualised entity. BSE reaches to around 360 cities and towns in India and has more than 4,800 listed companies on the board, with around 2900 scrips being traded and around 800 active members associated. The companies listed on BSE command a total market capitalization of more than USD 613 billion. The Exchange offers trading in the equity (cash and derivatives) and debt (corporate and government securities) segments.

 

For further information, please contact:

 

Nikita Suratwala

YES BANK

Ph.: + 91 22 6669 9153

Fax: +91 22 24900314

Email: nikita.suratwala@yesbank.in

Sneha Avasthy

Adfactors PR

Ph.: +91 22 22813565

Fax: ++91 22 22813569

Email: sneha.avasthy@adfactorspr.com

Kalyan S. Bose

Bombay Stock Exchange

Ph.: + 91 22 2272 2938

Fax: +91 22 2272 3040

Email: kalyan.bose@bseindia.com