Yes Bank becomes member of global growth companies

Mumbai, February 21, 2007: YES BANK, India's new age private sector Bank, has been identified as the first and only Indian Bank to be invited as a member of the select Community of Global Growth Companies (GGC) at the World Economic Forum (WEF).

YES BANK has been recognized by The Forum as one of India's growing Corporate on the way to becoming a global industry leader, a tremendous Institutional recognition, unprecedented in Indian Banking, achieved within 2 years, 6 months of commercial commencement of operations.

The Global Growth Companies (GGC) is a cross-industry global community sponsored by the World Economic Forum (WEF) that has demonstrated clear potential to becoming leaders in the global economy within five years. YES BANK will leverage the knowledge and network of the members of the WEF to develop into next generation of global champions in the financial services sector and become a major driving force in sustainable economic development in the region. The programme pillars include community building, regional integration and sharing of a dedicated knowledge platform with members of the community.

Mr. Rana Kapoor, Founder / Managing Director & CEO said, "The acknowledgement by such a prestigious Forum not only validates our innovative financial and business model but is a reflection of the faith of the International Community in the capabilities of the Leadership of our Management Team at YES BANK and an acknowledgment of the professional entrepreneurship as being one of the best in the Indian Banking sector."

YES BANK will be part of the World Economic Forum's Regional Summits, which will provide a unique opportunity for the Bank to prioritize its global strategy by being informed about the political, economic and business development and prospects through interactions with top business and government leaders.

The Forum will admit 300 members worldwide in 2007 to the GGC Community based on a combination of factors that include demonstrated growth potential and executive leadership of the Company with revenue thresholds according to industry and region in excess of USD 200 million to USD 2 billion.

YES BANK continues to build an enduring service trust mark with excellence in service and product quality, and through its Knowledge-driven approach and best-in-breed Human Capital, in its quest to be The World's Best Quality Bank in India.

About YES BANK:: YES BANK, India's new age private sector Bank, is the outcome of the professional commitment of its Founder, Rana Kapoor and his highly competent top management team, 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 and an unprecedented customer experience for its retail and wealth management clients.

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.