JAKARTA, Indonesia and MUMBAI, India, May 2, 2013 /PRNewswire/ --
A) Rana Kapoor Awarded the Asian Banker CEO Leadership Achievement Award for India for Achievements during the 3-Year period, 2011-2013
B) YES BANK recognized as the Best Managed Bank in India for the 3-Year Period, 2011-2013
YES BANK, India's fourth largest private sector Bank and its Founder, MD & CEO, Mr. Rana Kapoor, have received top honours at the Asian Banker CEO Leadership Achievement Awards 2013 ceremony, held today in Jakarta, Indonesia. Mr. Rana Kapoor was conferred with The Asian Banker CEO Leadership Achievement Award for India for significant achievements in the period 2011-2013, which is the highest award for individual achievement in the banking industry in Asia Pacific region today, and YES BANK was conferred the Best Managed Bank in India honour. These awards which are held only once in every 3 years were presented in a ceremony that saw the recognition of over 20 Top Financial Institutions across Asian countries, where Mr. Rana Kapoor and YES BANK were the only award winners from India, this 3-year term.
Mr. Rana Kapoor said, "I am extremely pleased with these dual Asian recognitions. Such accolades are testament to YES BANK's holistic and balanced growth focus spearheaded by a fine Top Management team and efficient execution of our well defined Vision & Strategy. Being the youngest private sector Bank in India, this is an extremely significant achievement positioning YES BANK alongside the finest Banks in the Asia Pacific region. Over the past eight years, YES BANK has demonstrated sustained financial performance underscored by consistent profitability, income generation, finest asset quality, and backed by best in class Corporate Governance practices."
The ASIAN BANKER Awards are based on independent research, and a rigorous evaluation process, conducted over several months, involving detailed interviews and discussions with a senior industry leaders as panelists who analyze the individual's and bank's performance over a period of 3 years. No individual or organization can apply for the award themselves but need to be nominated by the jury, members of the governing council and independent third parties like journalists, analysts, etc. The Awards finally weigh the following parameters:
• Financial Performance of the Organization
• Financial & Non-Financial Achievements of the Individual & Organization
• Ability of the organization to have overcome adversities
• Strong organizational vision and effective communication of the same
• Organizational performance w.r.t peers and industry
• Strong Leadership Team
• Prudent Risk Management
Recently, YES BANK was awarded the 'The Strongest Bank in India' by the Asian Banker Magazine and was also recognized as one of the two top Indian organizations to feature in the top 50 Corporate Governance rankings by CLSA Asia-Pacific Markets, Asia's leading independent brokerage and investment group.
About the awards
The Asian Banker leadership Achievement Awards were launched in late 2005 to recognize individual excellence in the financial services industry. The selection process is a rigorous one, completed over several months and involves feedback and interviews with all constituents who are in a position to comment on the candidates. The learnings from the programme are published in an annual report. The Asian Banker Achievement Awards have become undisputedly the highest possible accolade available to professionals in the financial services industry in the Asia Pacific region today.
About YES BANK LIMITED
YES BANK, India's fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and his 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 vision of "Building the Best Quality Bank of the World in India" by 2015.
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SOURCE Yes Bank Ltd