YES BANK launches YES Essence

YES BANK launches YES Essence,
a banking proposition customized for women from every walk of life

 ·         Accelerated reward points, preferential rates on loans and expert advice on financial matters

·         Exciting lifestyle offers on debit cards

·         Self-care offers on fitness coaching, yoga sessions, medical discounts and more

On the occasion of International Women’s Day, YES BANK announced the launch of YES Essence, a holistic banking proposition for women across customer segments – homemakers, salaried professionals, entrepreneurs and senior citizens.

Every woman is unique and has different aspirations, each equally important. Coming from different walks of life and viewing success in innumerable ways, they craft their own unique stories. Power packed with a range of attractive offers, solutions and products for women covering categories like lifestyle, wellness, education, protection and investment, YES Essence celebrates the uniqueness of women through curated offerings and inspires them to fulfill their aspirations, by encouraging them to be who they essentially are - #BeYourself.

YES BANK will celebrate the launch of this proposition with women customers throughout the Bank’s network of branches across India from March 8-10, 2021.

The holistic proposition offers a bouquet of solutions including complimentary healthcare benefits, earn on auto sweep to FD*, preferential pricing on loans, fee waiver on demat and trading account*, wealth management, offers on upskilling through partnerships, attractive lifestyle and shopping offers, among many more.

Speaking on the launch, Rajan Pental, Global Head - Retail Banking, YES BANK, said, “The holistic proposition has been thoughtfully curated to empower women in the very roles that they have chosen for themselves - extending opportunities for self-enrichment, right from finance to healthcare. This unique proposition with exclusive privileges aims to empower women and support them in the pursuit of their dreams and aspirations while also making their banking experience a rewarding one.”

For detailed information on the benefits and privileges, click here: https://www.yesbank.in/yes-essence 

SBI Life Insurance and YES BANK announce Bancassurance

 SBI Life Insurance and YES BANK announce Bancassurance tie-up to make holistic insurance solutions accessible to the Bank’s customers

 

SBI Life Insurance, one of the most trusted private life insurers in the country and YES BANK, today signed a Bancassurance agreement to offer a comprehensive bouquet of life insurance solutions to the Bank’s customers across the country.

 

The agreement was signed by Mr. Rajan Pental, Global Head - Retail Banking, YES BANK and Mr. AVS Sivaramakrishna, Regional Director-Mumbai region, SBI Life Insurance, in the presence of Mr. Mahesh Kumar Sharma, MD & CEO, SBI Life, Mr. Sanjiv Roy, Business Head – Third Party Distribution, YES BANK, Mr. Abhijit Gulanikar, President - Business Strategy, SBI Life, Mr. Ravi Krishnamurthy, President-Zone 1, SBI Life and other respected dignitaries.

 

As part of the partnership, SBI Life’s diverse range of individual and group insurance solutions will be offered to the customers of YES BANK through the Bank’s branches spread across 28 states and 8 Union Territories in India. SBI Life’s extensive product portfolio coupled with the Bank’s digital capabilities and widespread presence will ensure easy accessibility of life insurance to the customers.

 

Commenting on the tie-up, Mr. Ravi Krishnamurthy, President Zone I, SBI Life Insurance said, “At SBI Life, we are constantly looking at developing eco-systems that enable us to amplify our reach and allow us to offer holistic insurance solutions to a wider populace across the country. With this partnership with YES BANK, we aim to provide financial security for consumers and further reduce the protection gap in India. We are extremely delighted to embark on this journey together and look forward to the alliance for opening up new avenues of growth. Mr. Krishnamurthy further added, “We have been relentlessly moving towards strengthening our distribution channels by establishing strategic associations with banks, corporate agents, brokers, insurance marketing firms etc and will continue to make every effort in making insurance easily accessible to all.”

 

Speaking on the occasion, Rajan Pental, Global Head – Retail Banking, YES BANK said, “YES BANK is pleased to partner SBI Life Insurance to provide life insurance solutions to our customers. This partnership is a great opportunity for us to deepen our customer connects, empowering them to stay in control while fulfilling their evolving insurance needs.  The combined synergies of SBI Life’s innovative product suite, industry expertise and YES BANK’s strong customer connect, will immensely benefit the customers.”

YES BANK joins PSB Loans in 59 Minutes

YES BANK joins ‘PSB Loans in 59 Minutes’ digital loan platform
for MSMEs

• Launches digital solutions for hassle-free loans for MSMEs to support their growth
• MSME’s can avail in-principle loan approvals up to INR 5 crore in 59 minutes through Public Sector Banks (PSBs) and Private banks

YES BANK has joined the ‘PSB Loans in 59 Minutes’ initiative by the SIDBI led consortium of PSBs to facilitate quick and hassle-free credit access for MSMEs. The initiative aims to help boost business opportunities for the MSME sector, which has been significantly impacted due to the unprecedented COVID-19 situation. As the nation steadily unlocks in phases, YES BANK is pleased to support the MSMEs.

Under this initiative, in-principle approvals for Business Loans are provided for a value from INR 1 lakh to INR 5 crore. The platform functions through advanced algorithms that integrate information directly from GST, income tax returns, bank statement, fraud check, bureau check, among others and automates the decision making with highest level of information security. Once the applicant submits the loan application, the algorithm analyses the data and determines the loan amount that can be sanctioned – all within 59 minutes. The platform is directly connected to the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.

Speaking on the development, Rajan Pental, Global Head – Retail Banking, YES BANK, said, “MSMEs are the growth engines of the economy and are a priority sector for YES BANK. To support the sector during the COVID-19 situation, the Bank is pleased to actively participate in this SIDBI-led initiative for MSME growth. The Bank has also launched innovative digital solutions aimed at offering MSME customers a comprehensive range of products which are convenient, quick and tailor-made to fit their requirements.”

Sharing his views, Ronak Shah, Co-founder and COO, Online PSB Loans Ltd., said, “We welcome YES BANK on the platform. The PSBLOANSIN59MINUTES.COM initiative aims at automation of various processes in loan appraisals in such a way that Business and Retail borrowers get an In-principle approval within 59 minutes. The initiative has empowered the borrowers to choose the lender of their choice without visiting the Bank Branch. The solution uses advanced algorithms to read and analyse data points from various sources such as IT returns, GST data, bank statements, MCA21 etc.

To enable MSMEs and Business enterprises to meet their operational liabilities, the Bank is also offering an option to avail up to 20% of loan outstanding under the ECLGS scheme introduced by the Government of India.

ICICI Lombard announces

ICICI Lombard announces Bancassurance tie-up with YES BANK

ICICI Lombard General Insurance, India's leading private sector non-life insurance company, has entered into a Bancassurance tie-up with YES BANK. The partnership will provide the Bank’s diverse customer base access to the insurer’s portfolio and make insurance more accessible to its customers across India.

Through this tie-up, ICICI Lombard aims to offer innovative insurance solutions to YES BANK’s customers across 28 states and 8 Union Territories. With both organizations believing in offering the best to the customers through innovation, this partnership would offer customers the best of both worlds.

On the partnership Sanjeev Mantri, Executive Director, ICICI Lombard said, “At ICICI Lombard, it is our continuous endeavor to reach out to consumers and businesses to provide them effective risk management solutions. We are delighted to partner with YES BANK and serve their esteemed customers across the country. Given the progressive and technology-oriented approach of both partners, this collaboration is an ideal synergy between the two brands and value adding to YES BANK customers”

Rajan Pental, Global Head – Retail Banking, YES BANK, said, “YES BANK is pleased to enter into a Bancassurance tie-up with ICICI Lombard – we believe that our customers will derive greater value from comprehensive insurance solutions offered. We are confident that the Bank’s technology and branch network strength, combined with the innovative product offerings and market reputation of ICICI Lombard will support our customers fulfill their non-life insurance needs. The tie-up is an important milestone and we remain committed to creating a differentiated customer experience.”