Yes Bank charts aggressive plans for retail banking

Mumbai, September 27, 2006: YES BANK has charted out aggressive growth plans and is making significant new investments in building a state- of- the- art Retail Banking framework . Some of the immediate plans include; establishment of 60 Bank Branches and 75 offsite ATM Centres by June' 07, two Processing Centres at DLF Cyber City Centre at Gurgaon and Tiecicon House at Mahalaxmi, Mumbai and ramping up the Retail Banking headcount (currently at 1000) to at least 1800 Executives by March' 07.

The Bank has also further strengthened the Retail Banking team by nominating two top level Executive sponsors and appointing three regional heads, who will be reporting into Rana Kapoor, Managing Director and CEO, who continues to directly oversee and is actively involved in building the Retail/Wealth Management business.

The Executive Sponsors will provide guidance and advice and will work closely with the regional and product "� investment heads to ensure faster acceleration / development of YES BANK's Retail Banking business. Sunil Gulati who is currently the Group President & Head- Risk Management & Corporate Development will take on additional responsibility as the Executive Sponsor responsible for the Retail Risk framework, KYC norms and Retail Assets , while Ajay Mahajan, Group President Financial Markets & Investment Management will be the Executive Sponsor for the development and execution of key differentiated product offerings and non branch channel distribution.

Commenting on YES BANK's retail banking plans, Mr. Rana Kapoor , Managing Director and CEO, YES BANK, said, "YES BANK has set out aggressive retail expansion plans, we are determined to evolve an enduring service trust mark with excellence in service and product quality. This structure will bring sharpened focus, greater vigour and velocity in our product and program offerings to our customers. It will be invaluable in extracting tremendous synergies across all parts of the Bank as also in providing an external manifestation of our unique 'One-Bank Approach' with the objective of creating a delightful customer experience."

About YES BANK

YES BANK, India's new age private sector Bank, is the outcome of the professional commitment of its Indian promoters, Rana Kapoor and Ashok Kapur, to establish a high quality, customer centric, service driven, private Indian Bank catering to "Emerging 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. A key strength and differentiating feature of YES BANK is its knowledge driven approach to banking. The Bank has formed a specialized 'Development and Knowledge Banking Division' focusing on key sunrise growth sectors.

YES BANK is steadily building corporate and institutional banking, financial markets, investment banking, business and transactional banking, retail and private banking business lines across the country. The Bank's constant endeavour is to provide a delightful banking experience expressed with simplicity, empathy and totality.