YES Bank launches international banking

Mumbai, August 9, 2007: YES BANK, India's new age private sector Bank has today announced the launch of YES "� International Banking. The Bank, with this significant initiative, will further strengthen and rapidly progress its international business strategy and aim to extend the network and visibility of its brand & presence internationally.

YES "� International Banking will offer a complete suite of international banking products and services, driven by state-of-the-art technology, which includes Debt, Trade Finance, Corporate Finance, Investment Banking and Business Advisory Services, Treasury and Global Indian Banking. The Bank also plans to leverage its international presence, for its capital raising activities. These services will initially be through partnerships with international banks and financial institutions followed by the establishment of branches and representative offices, as per regulatory approvals.

Arun Agrawal, Group EVP and Global Head, YES "� International Banking will lead this important initiative. Arun will be responsible in strengthening the YES BANK brand globally through strong relationships and alliances with key international partners worldwide. YES "� International Banking will expeditiously role out under Arun's leadership, along with a dedicated team. He joined YES BANK in 2005 as Country Head "� Financial Institutions and International Banking, where he was responsible for managing the Financial Institutions relationship and knowledge based banking activities of the Bank. His role also included development of a robust institutional CRM with high grade credit pr ofile and establishment of relationships with FIs in India and overseas, to ensure synergies in cross selling pr oducts to institutional customers.

On the occasion of this announcement, Mr. Rana Kapoor, Founder/Managing Director and CEO said, "We at YES BANK have ambitious plans for international expansion and aim to provide complete financial solutions and best-in-class services to our customers across the globe. The launch of YES "� International Banking, will bring sharpened focus, greater vigour and velocity in our product and program offerings to all our Indian and NRI customers as also to global companies with India activities."

"With BRAND INDIA resonating globally, and ambitious Indian companies emerging as global leaders, YES BANK's positioning as a Knowledge-driven Bank for Emerging India, now with a focus on International Banking, will present opportunities to unlock tremendous value," concluded Mr. Kapoor.

YES BANK in a short span of three years has received significant national and international recognitions which include rankings from publications like Financial

Express and Business World, and the Euromoney "� Trade Finance Deal of the Year award. YES BANK was the only Indian Bank to be selected as a Founding Member of the World Economic Forum (WEF) Global Growth Companies (GGC), Geneva. The Bank also has linkages and privileged relationships with several international organizations such as USIBC, UNEP-FI and other international bodies namely Tällberg Forum, Bellagio Foundation, Clinton Global Initiative and Triple Bottom Line Investing (TBLI) Group.

YES BANK has recently joined as a Chairman Circle 's Member of the USIBC to enhance trade and investment opportunities between India and US, and is also linked with IBPN to foster increased collaborative efforts between India and UK, and the respective business communities. The Bank is also associated with premier Indian institutions such as CII, FICCI, PHDCCI, TERI through its Knowledge Partnership initiatives, and partner their various international thought leadership initiatives.

YES BANK's latest international foray further represents India Inc.'s rapid expansion into conquering international markets through increasing organic and inorganic growth strategies, with Indian corporates evolving into global market leaders in various domains, contributing to the growth of the Indian economy.

About YES BANK:

YES BANK, India's new age private sector Bank, is the outcome of the professional commitment of its Founder, Rana Kapoor supported by 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 (SME) and transaction banking, retail banking and wealth management business lines across the country. The Bank's constant endeavour is to provide a delightful banking experience expressed with simplicity, empathy and totality.