The private sector bank Yes Bank, has reduced its workforce by nearly 2,500.  The bank has increased its focus on account of digitisation and automation, which has resulted in better productivity, cost efficiency and customer service.  However, this has also generated some job redundancies which called for rationalization efforts. 

2017-09-14 :Yes Bank all set to start second cohort for its startup programme

Private sector lender, Yes Bank has opened its second cohort for Yes Fintech, the innovation programme by the bank for fintech startups.  For this purpose, the bank has also created a network of global startup ecosystems on order to assist its fintech startup.  Simultaneously, the bank aims to further strengthen its home loan segment by offering best home loan offers to its bank customers. 

2017-09-08 :Yes Bank announces its tie up with Samsung

Private sector lender, Yes Bank has announced its tie up with Samsung Electronics to enable its credit card customers to use Samsung Pay for making online payments at Samsung outlets with their smartphones.  Meanwhile, the bank’s credit card holders will also get a cashback of up to Rs.  1,500 on using their cards on Samsung Pay till 30th September, 2017. 

Ola Fleet, cab leasing arm of Ola has managed to secure a loan worth Rs.  1,000 crore from Yes Bank.  The loan amount will be used by the company to finance the purchase of commercial vehicles used by its driver partners.  As a part of the agreement of the loan, the vehicles purchased by Ola will remain as collateral, besides the spares and consumables. 

2017-09-05 :Yes Bank slashes MCLR rates across all tenors

Private sector lender, Yes Bank has slashed its marginal cost based lending rate (MCLR) across all tenors.  For overnight and one month maturities, the rate has been revised to 7.80 per cent and 7.95 per cent respectively, while for three month maturities the rate has been reduced to 8.30 per cent.  The new MCLR rate for six month and one year is 8.50 per cent.  The new MCLR rates are effective from 1st September, 2017. 

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