Yes Bank sets up Panjim branch

Goa, February 13, 2007: YES BANK, India's new age private sector Bank, launched its flagship branch in Panjim to leverage the growing business opportunities multiplying in the State of Goa. In addition, the Bank has also fully launched another state-of-the-art branch in Madgaon.

The YES BANK Panjim branch was inaugurated by The Honourable Chief Minister of Goa, Shri Pratapsingh Raoji Rane who also released the YES BANK Knowledge Report titled "The New Growth Destination: Goa" at a specially organized event at The Mariott Resort, Panjim. The report was published in collaboration with the Goa Chamber of Commerce and Industry (GCCI).

The report was unveiled in the presence of Mr. Rana Kapoor, Founder / MD & CEO, YES BANK, and Mr. Nitin Kunkolienkar, President, Goa Chamber of Commerce and Industry. Additionally, the occasion was graced by Mr. Dattaraj Salgaocar, Guest of Honour at the function, along with Mr. Ramakant Khalap, Chairman, State Planning Commission.

The report highlights viable strategies when undertaken within the Public Private Partnership (PPP) mode of project development, will pave the way to sustained and continuous investments in the state. The strategy outlined, also includes the important perspective of citizen participation as stakeholders that will lead to their empowerment, build entrepreneurship and support development in the sunrise sectors of Hinterland Tourism, Agribusiness and Information Technology amongst others.

In his address, the Chief Minister, Mr. Pratapsingh Rane said "Over the last four decades, Goa has succeeded in emerging as one of the more developed Indian states. Today we boast of a conducive investment environment, improved infrastructure facilities and a vision to develop our emerging sectors. We believe the path to sustainable economic development is through adopting implementable strategies, designing appropriate interventions and creating sound and lasting public private partnerships."

Speaking on the occasion, Mr. Rana Kapoor, said, "Goa needs to adopt a focused and integrated strategy which balances economic growth and environmental challenges through its core business sectors of Tourism, Agribusiness, Infrastructure and IT. It is our belief that the adoption of balanced growth strategies, undertaken within the PPP framework of project development, will lead to robust investments in the State. YES BANK remains committed to assisting all stakeholders in developing sustainable and commercially viable projects in Goa."

This initiative is aimed at attracting private investment for large ventures such as agri-infrastructure projects, and promoting development through Public Private Partnership to catapult the growth of sunrise sectors in the State of Goa. As a part of its knowledge driven approach, the Bank will offer financial solutions that go beyond the traditional realm of banking.

Speaking at the event, Mr. Nitin Kunkolienkar said, "Goa offers considerable opportunities, for Indian as well as international players to develop projects through Public Private Partnerships (PPP) and greater private sector financing. The Chamber will continue to play its role as a catalyst for the sustainable development of this state."

The keynote presentation was delivered by Tushar Pandey, Country Head, Strategic Initiatives "� Government, YES BANK, which outlined the Bank's approach to develop specific projects on PPP basis in the state. YES BANK remains committed to the State of Goa and now has two operational branches in the state at Panjim and Madgaon.

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.