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YES BANK Upgraded to 'AAA' With Stable Outlook by CARE RatingsMUMBAI, July 6, 2018 /PRNewswire/ -- - Upgraded to Highest Care AAA Rating from Care AA+ for Infrastructure Bonds and Tier II Bonds (Basel III); Stable Outlook - Upgraded to Care AA+ Rating from Care AA for Perpetual and Additional Tier I Bonds (Basel III); Stable Outlook. - Care AA+ for Perpetual and Additional Tier I Bonds is the highest across all banks YES BANK, India's 4th largest private sector bank, has received credit rating upgrades from CARE Ratings for multiple instruments. This upgrade reflects YES BANK's robust financial performance, creditworthiness, and increasing share of Current Account Savings Account (CASA) as well as retail deposits. (Logo: https://mma.prnewswire.com/media/679916/Yes_Bank_Logo.jpg ) Care Ratings considers the following rating drivers amongst others towards the ratings upgrade:
Speaking on the upgrade, Mr. Rana Kapoor, MD & CEO, YES BANK said, "This rating upgrade from CARE Ratings s a reflection of YES BANK's sustainable growth oriented business model coupled with robust risk management policies, demonstrated and proven track record in asset quality preservation, rapidly growing Branch Banking presence and a strong execution focused management team. This rating upgrade will result in further reduction in our cost of borrowings going forward, and further widens the depositors, stakeholders universe of YES Bank. In our 14th year of Institutional Excellence, the upgrade is a reaffirmation of YES BANK's strengths as we work towards achieving our vision of Building the Finest Quality Large Bank of the World in India." The instrument-wise rating actions are given below: Instruments/Facilities Amount (Rs crore) Ratings Rating Action 5,000.00 CARE AAA; Stable Revised from Infrastructure Bonds (Rs. Five (Triple A; Outlook: CARE AA+; Stable thousand crore Stable) (Double A Plus; only) Outlook: Stable) 2,530.60 CARE AAA; Stable Revised from Lower Tier II Bonds (Rs. Two thousand (Triple A; CARE AA+; Stable Five hundred Outlook: Stable) (Double A Plus; Thirty crore Outlook: Stable) Sixty lakh only) 4,900.00 CARE AAA; Stable Revised from Tier II Bonds (Basel III) (Rs. Four thousand (Triple A; CARE AA+; Stable Nine hundred Outlook: Stable) (Double A Plus; crore Outlook: Stable) only) 3,600.00 CARE AA+; Stable Revised from (Rs. Three (Double A; Outlook: CARE AA; Stable Additional Tier I Bonds thousand Six Stable) (Double A; Outlook: (Basel III) hundred crore Stable) only) Upper Tier II Bonds 1,104.10 CARE AA+; Stable Revised from (Rs. One thousand (Double A Plus; CARE AA; Stable One hundred Four Outlook: Stable) (Double A Outlook: crore Ten lakh Stable) only) (reduced from1,296.10) 236.00 CARE AA+; Stable Revised from (Rs. Two hundred (Double A Plus; CARE AA; Stable Perpetual Bonds Thirty Six crore Outlook: Stable) (Double A; Outlook: (Basel II) only) Stable) Upper Tier II Bonds - - Withdrawn About YES BANK YES BANK, India's fourth 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 LARGE BANK OF THE WORLD IN INDIA". For further information, please contact: 
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