Yes Bank hikes PLR by 75bps to 14.75% wef April 1

Mumbai, March 30, 2007: YES BANK, India's new age private sector Bank today announced a hike in PLR by 75 bps to 14.75% effective April 1, 2007. This is in accordance to the prevailing market conditions and today's hike in CRR and repo rates. This is despite the fact that YES BANK has negligible Retail Assets and Capital Markets exposures which are subject to higher provisioning.

YES BANK's deposit rates are at 9% from 1 year to 5 years (9.25% for Senior Citizens) remain attractively priced under present market circumstances.

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, corporate finance, 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.