Yes Bank 2014-15 PDF

NOTICE
Notice is hereby given that the Eleventh Annual General

Meeting of the Members of YES BANK Limited (the Bank)
will be held on Saturday, June 6, 2015 at 11.00 A. M., at
Hall of Culture, Ground Floor, Nehru Centre, Worli, Mumbai
400 018, to transact the following business:
Ordinary Business:
1.
To consider and adopt:
a.
t he audited financial statements of the Bank for

the financial year ended March 31, 2015 and
the Reports of the Board of Directors and the
Auditors thereon; and
b.
t he audited consolidated financial statements of

the Bank for the financial year ended March 31,
2015 and the Report of the Auditors thereon.
2.
To declare dividend on equity shares.
3.
To appoint a Director in place of Mr. M. R. Srinivasan

(DIN: 00056617), who retires by rotation and being
eligible, offers himself for re-appointment.
4.
o appoint Auditors and to fix their remuneration and

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in this regard, to consider and if thought fit, to pass the
following Resolution as an Ordinary Resolution:
conclusion of the Twelfth Annual General Meeting of

the Bank, on such remuneration as shall be decided
by the Board of Directors or any Committee thereof.
Special Business:
5.

RESOLVED THAT pursuant to the provisions of Sections
149, 150, 152, Schedule IV and other applicable
provisions, if any, of the Companies Act, 2013 read
with the Companies (Appointment and Qualification
of Directors) Rules, 2014 and other applicable rules, if
any, Section 10A and other applicable provisions of the
Banking Regulation Act, 1949 (including any statutory
modification(s) or re-enactment(s) thereof for the time
being in force) and the rules, circulars and guidelines
issued by the Reserve Bank of India, the appointment
of Mr. Ajay Vohra (DIN- 00012136) as an Independent
Director of the Bank, be and is hereby approved for
a period from April 1, 2015 upto April 28, 2016, not
liable to retire by rotation.
6.
RESOLVED THAT pursuant to the provisions of

Section 139, 142 and other applicable provisions,
if any, of the Companies Act, 2013 read with the
Companies (Audit and Auditors) Rules, 2014 and other
applicable rules, if any, the applicable provisions
of the Banking Regulation Act, 1949 (including any
statutory modification(s) or re-enactment(s) thereof
for the time being in force) and the Rules, Circulars
and Guidelines issued by the Reserve Bank of India,
from time to time and subject to approval from the
Reserve Bank of India and such other regulatory
authorities, as may be applicable, M/s. S. R. Batliboi
& Co. LLP., Chartered Accountants (Firm Registration
No. 301003E) retiring Auditors of the Bank, be and
are hereby appointed as Auditors of the Bank for
the period of one (1) year, to hold office from the
conclusion of this Annual General Meeting until the
o consider and if thought fit, to pass the following

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Resolution as an Ordinary Resolution:

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Sections 149, 150, 152, Schedule IV and other
applicable provisions, if any, of the Companies Act,
2013 read with the Companies (Appointment and
Qualification of Directors) Rules, 2014 and other
applicable rules, if any, Section 10A and other
applicable provisions of the Banking Regulation
Act, 1949 (including any statutory modification(s)
or re-enactment(s) thereof for the time being in
force) and the rules, circulars and guidelines
issued by the Reserve Bank of India and
subject to approval of Reserve Bank of India,
the appointment of Mr. Diwan Arun Nanda
(DIN- 00034744) as an Independent Director of the
Bank, be and is hereby approved for a period of five
years, effective from April 1, 2015, not liable to retire
by rotation.
Annual Report 2014-15

Notice
7.

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Section 197, Schedule V of the Companies Act,
2013 read with the Companies (Appointment
and Remuneration of Managerial Personnel)
Rules, 2014, and other applicable rules, if any,
applicable provisions of the Banking Regulation
Act, 1949 (including any statutory modification(s) or
re-enactment(s) thereof for the time being in force), and
pursuant to the approval accorded by the Reserve Bank
of India, the approval of the Members of the Bank be
and is hereby accorded for payment of remuneration to
Mr. Rana Kapoor (DIN- 00320702), Managing
Director & Chief Executive Officer of the Bank, with
effect from April 1, 2014 on the following terms:
Particulars
Basic Salary (Annual)
Dearness allowances
Other allowance
Total
Perquisite
Bank furnished and
maintained accommodation
Free use of two Banks car
with driver for official &
private purposes
Provident Fund
Gratuity
Pension
Traveling and Halting
Allowances
Other benefits, if any (i) Gas, Electricity & Water
(ii) Medical
(iii) Residence Telephone
(iv) Medical Insurance
(v) Life Insurance/ Personal
Accident Insurance
(vi) Club Membership
Leave Fare Concession
Bonus
(Amount in `) (per annum)

Remuneration to MD & CEO
15,725,808/7,321,987/2,773,385/25,821,180/Actual
Actual
1,887,097/As per Banks Policy

1,572,581/-
-
Actual
Actual
2 Telephones
As per Banks Policy
As per Banks Policy
2 clubs
810,000/As may be decided by the
Board of Directors, subject
to approval of RBI
RESOLVED FURTHER THAT the other terms and

conditions of his appointment remain unchanged.
RESOLVED FURTHER THAT the Board of Directors

(hereinafter referred to as the Board which term shall
include any Committee which the Board of Directors of the
Bank may have constituted or may thereafter constitute
and delegate with the powers necessary for the purpose)
of the Bank be and is hereby authorized to do all such
acts, deeds, matters and things and to execute any
agreements, documents, instruments and writings as
may be required, with power to settle all questions,
difficulties or doubts that may arise in this regard as it
may in its sole discretion deem fit and to delegate all or
any of its powers conferred herein to any Director(s) and
/ or officer(s) of the Bank to give effect to this Resolution.
8.
To consider and if thought fit, to pass the following


Sections 196, 203 and any other applicable provisions
of the Companies Act, 2013 and rules made thereunder,
Section 10B and other applicable provisions of the
Banking Regulations Act, 1949 (including any statutory
modification(s) or re-enactment thereof for the time
being in force) and the Rules, Circulars and Guidelines
issued by the Reserve Bank of India (the RBI), the
provisions of the Articles of Association of the Bank
and subject to the approval of RBI and subject to the
conditions as may be prescribed by RBI while granting
such approval, Mr. Rana Kapoor (DIN- 00320702) be
and is hereby re-appointed as the Managing Director
and CEO of the Bank with effect from September 1,
2015 for a period of 3 years.

RESOLVED FURTHER THAT subject to Section
197 of the Companies Act, 2013, Schedule V of the
Companies Act, 2013 read with the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014, and any other applicable
rules, if any, applicable provisions of the Banking
Regulation Act, 1949 (including any statutory
modification(s) or re-enactment thereof for the time being
in force), the provisions of the Articles of Association
of the Bank and subject to the approval of RBI, the
approval of the Members of the Bank be and is hereby
accorded for payment of remuneration to Mr. Rana
Kapoor (DIN- 00320702), Managing Director & CEO,
for the financial year beginning April 1, 2015 on the
following terms, with an annual increment of up to a
maximum of 20% for every year thereafter during the
currency of his proposed term:
Notice
Salary effective from April 1, 2015:

Particulars
Basic Salary
Dearness allowances
Other allowances
TOTAL
power to settle all questions, difficulties or doubts

that may arise in regard to the said re-appointment
as it may in its sole discretion deem fit and to
delegate all or any of its powers conferred herein to
any Director(s) and / or officer(s) of the Bank to give
effect to this Resolution.
Amount in ` per annum

18,870,970
8,786,384
3,328,062
30,985,416
9.
Bonus:
Mr. Rana Kapoor shall also be entitled to an annual
performance bonus as may be determined by the
Board / Nomination & Remuneration Committee of
the Board in terms of the Compensation Policy of the
Bank and in terms of the Guidelines of the RBI on the
Compensation of Managing Directors / Whole Time
Directors, etc. and as approved by RBI.

Perquisites:
Mr. Rana Kapoor shall continue to be eligible for
perquisites (evaluated as per Income-tax rules
wherever applicable and otherwise at actual cost to
the Bank) such as the benefit of the Banks furnished
accommodation,gas, electricity, water and furnishings,
club fees, group insurance, use of car and telephone
at residence or reimbursement of expenses in lieu
thereof; medical reimbursement, leave and leave
travel concession, education benefits, provident fund,
superannuation fund and gratuity, in accordance with
the scheme(s) and rule(s) applicable from time to
time and in accordance with RBI approvals.

(hereinafter referred to as the Board) of the Bank
be and is hereby authorized to alter and vary the
terms and conditions of the said re-appointment
(including authority, from time to time, to determine
the amount of salary as also the type and amount
of perquisites, bonus and other benefits payable
to Mr. Rana Kapoor), in such manner as may be
agreed to between the Bank and Mr. Rana Kapoor,
within the limits approved by the Members and
to the extent the Board may consider appropriate
and as may be permitted or authorized by RBI
on an application made by the Bank, from time
to time.
RESOLVED FURTHER THAT the Board be and is hereby
authorized to do all such acts, deeds, matters and
things and to execute any agreements, documents,
instruments and writings as may be required, with

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Resolution as a Special Resolution:

Section 62(1)(c) and other applicable provisions,
if any, of the Companies Act, 2013 and rules made
thereunder, to the extent notified and in effect (the
Companies Act), the Banking Regulation Act, 1949,
as amended, the Foreign Exchange Management Act,
1999, as amended and the Issue of Foreign Currency
Convertible Bonds and Ordinary Shares (Through
Depository Receipt Mechanism) Scheme, 1993, as
amended, the Depository Receipts Scheme, 2014,
the Rules, Regulations, Guidelines, Notifications
and Circulars, if any, prescribed by the Government
of India, Reserve Bank of India (RBI), the Securities
and Exchange Board of India (SEBI) including the
Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations,
2009, as amended (the ICDR Regulations) or any
other competent authority, whether in India or
abroad, from time to time, to the extent applicable
including enabling provisions of the Listing
Agreements entered into with the stock exchanges
(the Listing Agreements) and in accordance with
the provisions of the Memorandum and Articles
of Association of YES BANK Limited (the Bank)
and subject to approvals, consents, permissions
and sanctions as might be required and subject
to such conditions as might be prescribed while
granting such approvals, consents, permissions and
sanctions and which may be agreed to by, the Board
of Directors of the Bank (hereinafter referred to as the
Board, which term shall be deemed to include any
Committee(s) constituted/to be constituted by the Board
to exercise its powers including the powers conferred
by this Resolution), be and is hereby authorized on
behalf of the Bank, to create, offer, issue and allot in
one or more tranches, in the course of domestic and/
or international offering(s) in one or more foreign
markets, by way of a public issue, preferential issue,
qualified institutions placement, private placement
or a combination thereof of Equity Shares or

Notice
through an issuance of Global Depository Receipts

(GDRs), American Depository Receipts (ADRs),
Foreign Currency Convertible Bonds (FCCBs),
fully convertible debentures/partly convertible
debentures, preference shares convertible into
Equity Shares, and/or any other financial instruments
or securities convertible into Equity Shares or with or
without detachable warrants with a right exercisable
by the warrant holders to convert or subscribe to the
Equity Shares or otherwise, in registered or bearer
form, whether rupee denominated or denominated in
foreign currency (hereinafter collectively referred to
as the Securities) or any combination of Securities,
to all eligible investors, including residents and/
or non-residents and/or institutions/banks and/
or incorporated bodies and/or individuals and/or
trustees and/or stabilizing agent or otherwise, and
whether or not such investors are Members of the
Bank (collectively the Investors), through one or
more prospectus and/or letter of offer or circular,
and/or on private placement basis, at such time or
times, at such price or prices, and on such terms
and conditions considering the prevailing market
conditions and other relevant factors wherever
necessary, for, or which upon exercise or conversion
of all Securities so issued and allotted, could give
rise to the issue of Equity Shares of ` 10/- each
(Rupees Ten) aggregating upto USD 1 billion or its
Indian Rupee equivalent provided however that the
aggregate amount to be raised by issue of Securities
as above shall not result in increase of the issued
and subscribed equity share capital of the Bank by
more than 15% of the then issued and subscribed
equity shares of the Bank, in one or more tranche
or tranches, at such price or prices, (whether at
prevailing market price(s) or at permissible discount
or premium to market price(s) in terms of applicable
regulations) at the Boards discretion including the
discretion to determine the categories of Investors,
considering the prevailing market conditions and
other relevant factors wherever necessary, to whom
the offer, issue and allotment of Securities shall be
made to the exclusion of others, in such manner,
including allotment to stabilizing agent in terms
of green shoe option, if any, exercised by the Bank,
and where necessary in consultation with the Book
Running Lead Managers and/or Underwriters and/or
Stabilizing Agent and/ or other Advisors or otherwise
on such terms and conditions, including issue of
Securities as fully or partly paid, making of calls and
manner of appropriation of application money or call

money, in respect of different class(es) of investor(s)
and/or in respect of different Securities, as the Board
may in its absolute discretion decide at the time of
issue of the Securities.
RESOLVED FURTHER THAT in case of a qualified
institutions placement pursuant to the ICDR
Regulations, the allotment of Securities (or any
combination of the Securities as decided by the Board)
shall only be made to Qualified Institutional Buyers
within the meaning of the ICDR Regulations, such
Securities shall be fully paid-up and the allotment of
such Securities shall be completed within 12 months
from the date of this resolution at such price being not
less than the price determined in accordance with the
pricing formula provided under the ICDR Regulations.
The Bank may, in accordance with applicable law,
also offer a discount of not more than 5% or such
percentage as permitted under applicable law on
the price calculated in accordance with the pricing
formula provided under the ICDR Regulations.

RESOLVED FURTHER THAT in the event that Equity

Shares are issued to Qualified Institutional Buyers
under the ICDR Regulations, the relevant date for the
purpose of pricing of the Equity Shares shall be the
date of the meeting in which the Board decides to
open the proposed issue of Equity Shares and at such
price being not less than the price determined in
accordance with the pricing formula provided under
the ICDR Regulations.
RESOLVED FURTHER THAT in the event the Securities

are proposed to be issued as ADRs or GDRs, the
pricing of the Securities and the relevant date, if
any, for the purpose of pricing of the Securities to be
issued pursuant to such issue shall be determined
in accordance with the provisions of applicable law
including the provisions of the Depository Receipts
Scheme, 2014 (the 2014 Scheme), the Foreign
Exchange Management (Transfer or Issue of Security
by a Person Resident outside India) Regulations, 2000
and such other notifications, clarifications, circulars,
guidelines, rules and regulations issued by relevant
authorities (including any statutory modifications,
amendments or re-enactment thereof).

RESOLVED FURTHER THAT in the event the Securities
are proposed to be issued as Foreign Currency
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Convertible Bonds (FCCBs), pursuant to the provisions

of the Issue of Foreign Currency Convertible Bonds
and Ordinary Shares (Through Depository Receipt
Mechanism) Scheme, 1993 and other applicable
pricing provisions issued by the Ministry of Finance,
the relevant date for the purpose of pricing the
Securities to be issued pursuant to such issue shall
be the date of the meeting in which the Board or
duly authorized Committee of Directors decides to
open such issue after the date of this resolution.

RESOLVED FURTHER THAT pursuant and subject to
the applicable provisions of the 2014 Scheme, the
Foreign Exchange Management Act, 1999, and the
regulations framed thereunder, each as amended
(the FEMA) (including the Foreign Exchange
Management (Transfer or Issue of Security by a
Person Resident Outside India) Regulations, 2000,
as amended), the applicable provisions of the
Companies Act, and any other laws, rules, regulations,
guidelines, notifications, clarifications and circulars
issued from time to time by the Government of
India (any ministry, department or agency thereof),
the RBI, SEBI, the Tax Authorities in India, applicable
government and regulatory authorities in the United
States of America and its territories and jurisdictions,
and any other government and regulatory authority,
whether in India or outside India, and in accordance
with the Memorandum and Articles of Association
of the Bank and subject to such other approval(s),
consent(s), permission(s) and sanction(s) as may be
necessary from the concerned statutory or regulatory
authority(ies)(collectively, Applicable Law), the
Board be and is hereby authorized to decide upon, at
its discretion, the facilitation of an exit by any current
or future holder of Equity Shares (Permissible
Securities) through the issue of Depositary Receipts
(DRs), and a transfer of Permissible Securities by
any current or future holder of a Permissible Security
to a foreign depository for the purpose of issue of
DRs, pursuant to a sponsored depository receipt
program, through transactions permitted under
Applicable Law (including without limitation on a
recognized stock exchange, in bilateral transactions
or by tendering through a public platform), where
such DRs may be issued by the foreign depository
and offered and sold in one or more transactions
by way of a private placement, public offering or
in any other manner prevalent and permitted in a
permissible jurisdiction under Applicable Law, at
such price (including any premium or discount) as

may be permitted under Applicable Law.

RESOLVED FURTHER THAT the issue to the holders
of the Securities, which are convertible into or
exchangeable with Equity Shares at a later date
shall be, inter alia, subject to the following terms
and conditions:

(a) in the event the Bank is making a bonus issue

by way of capitalization of its profits or reserves
prior to the allotment of the Equity Shares, the
number of Equity Shares to be allotted shall
stand augmented in the same proportion in
which the equity share capital increases as
a consequence of such bonus issue and the
premium, if any, shall stand reduced pro tanto;
(b) in the event of the Bank making a rights offer by

issue of Equity Shares prior to the allotment of the
Equity Shares, the entitlement to the Equity Shares
will stand increased in the same proportion as
that of the rights offer and such additional Equity
Shares shall be offered to the holders of the
Securities at the same price at which they are
offered to the existing Members;
(c) in the event of merger, amalgamation, takeover

or any other re-organization or restructuring
or any such corporate action, the number of
Equity Shares, the price and the time period as
aforesaid shall be suitably adjusted; and
(d) in the event of consolidation and/or division of

outstanding Equity Shares into smaller number
of Equity Shares (including by way of stock split)
or re-classification of the Securities into other
securities and/or involvement in such other event
or circumstances which in the opinion of concerned
stock exchange requires such adjustments,
necessary adjustments will be made.

RESOLVED FURTHER THAT, without prejudice to
the generality of the above, the aforesaid Securities
may have such features and attributes or any
terms or combination of terms in accordance with
international practices to provide for the tradability
and free transferability thereof as per the prevailing
practices and regulations in the capital markets
including but not limited to the terms and conditions

Notice
all deeds, documents and writings and to pay any

fees, commissions, remuneration, expenses relating
thereto and with power on behalf of the Bank to
settle all questions, difficulties or doubts that may
arise in regard to the issue, offer or allotment of
Securities and take all steps which are incidental
and ancillary in this connection, including in relation
to utilization of the issue proceeds, as it may in its
absolute discretion deem fit without being required
to seek further consent or approval of the Members
or otherwise to the end and intent that the Members
shall be deemed to have given their approval thereto
expressly by the authority of this resolution.
in relation to payment of dividend, issue of additional

Equity Shares, variation of the conversion price of the
Securities or period of conversion of Securities into
Equity Shares during the duration of the Securities
and the Board be and is hereby authorized, in its
absolute discretion, in such manner as it may deem
fit, to dispose-off such of the Securities that are
not subscribed.

RESOLVED FURTHER THAT the Board be and is
hereby authorized to create, issue, offer and allot
such number of Equity Shares as may be required to
be issued and allotted, including issue and allotment
of Equity Shares upon conversion of any depository
receipts or other Securities referred to above or as
may be necessary in accordance with the terms of
the offer, and all such Equity Shares shall be issued
in accordance with the terms of the Memorandum
and Articles of Association and shall rank pari passu
inter se and with the then existing Equity Shares of
the Bank in all respects.

RESOLVED FURTHER THAT, for the purpose of giving

effect to any offer, issue or allotment of Equity
Shares or Securities or instruments representing
the same, as described above, the Board be and is
hereby authorized on behalf of the Bank to do all
such acts, deeds, matters and things, as it may, in
its absolute discretion, deem necessary or desirable
for such purpose, including without limitation, the
determination of terms and conditions for issuance
of Securities including the number of Securities
that may be offered in domestic and international
markets and proportion thereof, timing for issuance
of such Securities and shall be entitled to vary,
modify or alter any of the terms and conditions as
it may deem expedient, entering into and executing
arrangements for managing, underwriting, marketing,
listing, trading and providing legal advise as well as
acting as depository, custodian, registrar, stabilizing
agent, paying and conversion agent, trustee, escrow
agent and executing other agreements, including any
amendments or supplements thereto, as necessary
or appropriate and to finalize, approve and issue any
document(s), including but not limited to prospectus
and/or letter of offer and/or circular, documents
and agreements including filing of registration
statements, prospectus and other documents (in
draft or final form) with any Indian or foreign
regulatory authority or stock exchanges and sign

RESOLVED FURTHER THAT, for the purpose of giving
effect to any offer, issue or allotment of Equity Shares
or Securities or instruments representing the same,
as described above, the Board be and is hereby
authorized on behalf of the Bank to seek listing of
any or all of such Securities on one or more Stock
Exchanges in India or outside India and the listing of
Equity Shares underlying the ADRs and/or GDRs on
the Stock Exchanges in India.

RESOLVED FURTHER THAT:

i. the offer, issue and allotment of the aforesaid
Equity Shares shall be made at such time or
times as the Board may in its absolute discretion
decide, subject, however, to applicable guidelines,
notifications, rules and regulations;
ii.
iii. t he Board be and is hereby authorized to decide

and approve the other terms and conditions of
the issue of the above mentioned Equity Shares
and also shall be entitled to vary, modify or alter
any of the terms and conditions, including size of
the issue, as it may deem expedient;
iv. t he Board be and is hereby authorized to

do all such acts, deeds, matters and things
including but not limited to finalization and
approval of the preliminary as well as final offer
document(s), placement document or offering
circular, as the case may be, execution of various
transaction documents, as it may in its absolute
discretion deem fit and to settle all questions,
t he Equity Shares to be issued by the Bank as

stated aforesaid shall rank pari-passu with all
existing Equity Shares of the Bank;
Notice
difficulties or doubts that may arise in regard

to the issue, offer or allotment of Securities
and take all steps which are incidental and
ancillary in this connection, including in relation
to utilization of the issue proceeds, as it may in
its absolute discretion deem fit without being
required to seek further consent or approval of
the Members or otherwise to the end and intent
that the Members shall be deemed to have
given their approval thereto expressly by the
authority of this resolution;

hereby authorized to delegate all or any its powers
herein conferred by this resolution to any Committee
of Director or Directors or any one or more executives
of the Bank to give effect to the above resolution.
10. T
RESOLVED THAT in supersession of the resolution
passed by the Members of the Bank on November
8, 2013 and pursuant to the provisions of Section
180(1)(c) and other applicable provisions, if any,
of the Companies Act, 2013 and rules made
thereunder (including any statutory amendment(s)
or modification(s) or re-enactment(s) thereof for the
time being in force) and the relevant provisions of
the Memorandum and Articles of Association of the
Bank, the consent of the Members of the Bank be
and is hereby accorded to the Board of Directors
of the Bank to borrow such sum of money in any
manner, from time to time, upon such terms and
conditions as they may think fit, notwithstanding
that the money to be borrowed together with the
monies already borrowed by the Bank (apart from
deposits accepted in the ordinary course of business,
temporary loans repayable on demand or within six
months from the date of the loan or temporary loans,
if any, obtained from the Banks bankers) may exceed
the aggregate of the paid-up share capital of the
Bank and its free reserves, that is to say, reserves not
set apart for any specific purposes, and determine, fix,
arrange or agree to the terms and conditions of all
such monies borrowed/ to be borrowed from time to
time, provided that the total amount so borrowed by
the Board of Directors and outstanding at any time
shall not exceed the sum of ` 50,000 Crores (Rupees
Fifty Thousand Crores only).

hereby authorized to take, from time to time, all
decisions and steps as the Board may deem fit,
necessary or expedient or proper to give effect to
this Resolution and give such directions as may, in
its absolute discretion, deem fit or necessary and to
settle any question that may arise in this regard.
11. T
RESOLVED THAT in supersession of the resolution
passed by the Members of the Bank on January 17,
2015 and pursuant to the provisions of Section
42 and other applicable provisions, if any, of the
Companies Act, 2013, as amended, and the rules made
thereunder, Securities and Exchange Board of India
(Issue and Listing of Debt Securities) Regulations,
2008, as amended, the applicable provisions of the
Banking Regulation Act, 1949, as amended, and the
rules, circulars and guidelines issued by Reserve
Bank of India (RBI) from time to time (including
any statutory amendment(s) or modification(s) or reenactment(s) thereof for the time being in force) and
all other relevant provisions of applicable law(s),
the provisions of the Memorandum and Articles of
Association of the Bank and subject to such other
approval(s), consent(s), permission(s) and sanction(s)
as may be necessary from the concerned statutory
or regulatory authority(ies), the approval of the
Members of the Bank be and is hereby accorded for
borrowing/raising funds in Indian/foreign currency
by issue of debt securities including but not limited
to non-convertible debentures, bonds (including
bonds forming part of Tier I/ Tier II capital in accordance
with and subject to the terms and conditions specified
in the Basel III Capital Regulations prescribed by RBI,
long-term infrastructure bonds or such other bonds
as may be permitted by RBI from time to time) upto
` 10,000 Crores (Rupees Ten Thousand Crores Only)
(collectively the debt securities) by the Bank, in
one or more tranches and/or series, in domestic
and /or overseas market, as per the agreed structure
and within the limits permitted by RBI and other
regulatory authorities, to eligible investors on private
placement basis during a period of one year from the
date of passing of this resolution, within the overall
borrowing limits of the Bank, as approved by the
Members, from time to time.

Notice

(hereinafter referred to as Board) of the Bank or
any Committee of the Board or such other persons as
may be authorized by the Board, be and are hereby
authorized to negotiate, modify and finalize the
terms and conditions of the debt securities and sign
the relevant documents/agreements in connection
with the private placement of the debt securities,
including without limitation, the private placement
offer letter (along with the application form),
information memorandum, disclosure documents,
debenture subscription agreement, debenture trust
deed and any other documents as may be required,
in connection with the offering(s), issuance(s) and/or
allotment(s) on private placement of debt securities
by the Bank and to further delegate the above powers
to any Committee of Directors or any personnel of
the Bank to act on their behalf as they may deem
fit and to do all such other acts and things and to
execute all such documents as may be necessary for
giving effect to this resolution.
12. T
RESOLVED THAT pursuant to provisions of the
Foreign Exchange Management Act, 1999 (FEMA), as
applicable, including the regulations, guidelines and
circulars issued thereunder, and all other applicable
rules, regulations, guidelines, circulars, policies and
laws, as applicable (including any modifications or reenactment(s) thereof, from time to time) and subject to
all applicable approval(s), permission(s), sanction(s),
consent(s) and intimation(s), as may be required, and
subject to such condition(s) as may be prescribed
by the Reserve Bank of India or any other the
relevant authorities, while granting such approval(s),
permission(s), sanction(s) and consent(s), as may be
required, the consent of the Members of the Bank be
and is hereby accorded to permit Foreign Portfolio
Investors (FPIs) and Foreign Institutional Investors
(FIIs), as defined under the relevant regulations
by the Securities and Exchange Board of India,
including their sub-accounts, to acquire and hold
Equity Shares of the Bank, by purchase or acquisition
through primary or secondary market route, and
under the portfolio Investment scheme under FEMA
or otherwise, upto an aggregate limit of 74% of
the paid-up share capital of the Bank or such other
limit as may be permissible under applicable laws,
regulations or guidelines as at the relevant date(s) as

recorded by the Board of Directors of the Bank from
time to time, provided however that the shareholding
of each FPI or FII, on its own account and on behalf
of each of their sub-accounts in the Bank shall not
exceed such limits as are or as may be prescribed,
from time to time, under applicable laws, rules
and regulations.

RESOLVED FURTHER THAT for the purpose of giving
effect to this resolution, the Board of Directors of the
Bank be and is hereby authorized to take all such
steps and actions, including determination of the
permissible limit of aggregate holding of FPIs, FIIs
and their sub account in the Bank, and give such
directions and delegate such authorities, as it may in
its absolute discretion, deem appropriate including
settling any question that may arise in this regard.


be and is hereby authorized to execute all such
documents, deeds, intimations and writings as may be
required for the aforesaid purpose and which it may
deem fit in the interest of the Bank, to delegate all
or any its powers herein conferred by this resolution
to any Committee of Director or Directors or any one
or more executives of the Bank, and do all such acts,
deeds and things as may be deemed necessary in
order to give effect to the above resolution
By Order of the Board of Directors
Place: Mumbai
Dated: April 22, 2015
Shivanand R. Shettigar
Company Secretary
NOTES:
1. A
Member entitled to attend and vote at the Annual
General Meeting (AGM or the Meeting) is entitled to
appoint a proxy to attend and vote on a poll, instead of
himself/ herself and the proxy need not be a Member
of the Bank. A person can act as proxy on behalf of
Members upto and not exceeding fifty and holding in
the aggregate not more than ten percent of the total
share capital of the Bank. Further, a Member holding
more than ten percent of the total share capital of
Notice
the Bank carrying voting rights, may appoint a single

person as proxy and such person shall not act as
proxy for any other person or Member. The instrument
appointing proxy should, however, be deposited at the
Registered Office of the Bank not later than forty-eight
hours before the commencement of the Meeting.
2.
3.
An Explanatory Statement pursuant to Section

102(1) of the Companies Act, 2013 relating to the
Special Business to be transacted at the Meeting is
annexed hereto.
embers/Proxies should fill the Attendance Slip for
M
attending the Meeting and bring their Attendance
Slips along with their copy of the Annual Report to
the Meeting.
4. In case of Joint holders attending the Meeting, only

such joint holder who is higher in the order of names
will be entitled to vote.
5.
embers who hold shares in dematerialized form

M
are requested to write their DP ID and Client ID
number(s) and those who hold share(s) in physical form
are requested to write their Folio Number(s) in the
attendance slip for attending the Meeting to facilitate
identification of membership at the Meeting.
6. Corporate Members are requested to send a duly

certified copy of the Board Resolution authorizing
their representative(s) to attend and vote on their
behalf at the Meeting.
7.
The register of Members and share transfer Books of

the Bank would remain closed from Monday, May 25,
2015 to Saturday, June 6, 2015 (both days inclusive).
8.
ividend on Equity shares as recommended by the

D
Board of Directors for the year ended March 31, 2015,
if approved at the Meeting, will be payable to those
Members who hold shares:
(a) In dematerialized mode, based on the beneficial

ownership details to be received from National
Securities Depository Limited and Central
Depository Services (India) Limited as at the close
of business hours on Saturday, May 23, 2015.
(b) In physical mode, if their names appear in the

Banks Register of Members after giving effect to
all valid transfers in physical form lodged with

the Bank and its Registrar and Transfer Agents
before Saturday, May 23, 2015.
9.
Brief profile of the Directors proposed to be

appointed/re-appointed, as required under Clause 49
of the Listing Agreement with the Stock Exchange(s)
is attached to this Notice.
10. In terms of Section 139(1) of the Companies Act,

2013, the Statutory Auditors can be appointed for
maximum two terms of five consecutive years each.
However, in terms of the RBI Circular issued on the
appointment of Statutory Central Auditors for Indian
Private Sector Banks, an audit firm can continue as
the Statutory Central Auditor of a private sector bank
for a period of four years and thereafter the said firm
will be compulsorily rested for two years. Since M/s.
S. R. Batliboi & Co. LLP., Chartered Accountants (Firm
Registration No. 301003E), retiring Statutory Auditors
has held the office of Auditor for a period of three
years, the re-appointment of M/s. S. R. Batliboi & Co.
LLP., Chartered Accountants (Firm Registration No.
301003E) for second term of one year has been put
up for the approval of Members, subject to approval
of Reserve Bank of India.
11. R
BI
vide
Circular
No. DBOD. No. BC.
116/08.139.001/2001-02
dated
June
20,
2002 read with RBI Circular DBOD. No. BC.
24/08.139.001/2002-03 dated September 9, 2002
Report of the Consultative Group of Directors
of Banks / Financial Institutions (Dr. Ganguly
Group) - Implementation of recommendations had
recommended the eligibility criteria and fit and
proper norms for nomination of Directors which
also prescribed that while nominating Independent/
Non-Executive Directors on private sector banks, the
age of such Director shall be between 35 and 70
years. As Mr. M. R. Srinivasan (DIN- 00056617) and
Mr. Diwan Arun Nanda (DIN- 00034744), Directors
of the Bank have crossed the age limit of 70 years,
the Bank had sought a formal view from the RBI on
their continuing on the Board after completion of
70 years of age. RBI vide letter No. DBR. Appt. No.
13056/29.47.001/2013-14 dated March 4, 2015 had
given their concurrence for the continuation of Mr.
M. R. Srinivasan (DIN- 00056617) and Mr. Diwan
Arun Nanda (DIN- 00034744) as Non-Executive
Directors on the Board of the Bank till October 2016.

Notice
Accordingly, in terms of Section 152 of the Companies

Act, 2013, the approval of the Members has been
sought for re-appointment of Mr. M. R. Srinivasan
(DIN- 00056617), retiring Director, as Non-Executive
Director, liable to retire by rotation and he may
hold office till October 22, 2016 or for such further
period as may be approved by RBI. Further, approval
of Members is being sought for appointment of
Mr. Diwan Arun Nanda (DIN- 00034744) as
Independent Director, the details of which are
provided in the explanatory statement to the Item
no. 6 of this notice.
12. T
he certificate from the Statutory Auditors of the Bank
certifying that the Banks Employees Stock Option
Schemes are being implemented in accordance with
the Securities and Exchange Board of India (Share
Based Employee Benefits) Regulations, 2014 and
in accordance with the resolutions passed by the
members of the Bank, will be available for inspection
by the Members at the Annual General Meeting.
13. R
elevant documents referred to in the accompanying
Notice are open for inspection by the Members at the
Registered Office of the Bank on all working days between
10.00 A.M. and 12.00 noon up to the date of the Meeting.
14. The Members, desiring any information relating to
the accounts, are requested to write to the Bank at
an early date, so as to enable the management to
keep the information ready.
15. In support of the Green Initiative announced by
the Government of India and as well as Clause
32 of the Listing Agreement executed with Stock
Exchanges, electronic copy of the Annual Report
and this Notice, inter alia indicating the process and
manner of remote e-voting along with attendance
slip and proxy form are being sent by e-mail to those
Members whose e-mail addresses have been made
available to the Bank /Depository Participants unless
the Member has requested for a hard copy of the
same. For Members who have not registered their
e-mail addresses, physical copies of this Notice interalia indicating the process and manner of remote
e-voting along with attendance slip and proxy form,
will be sent to them in the permitted mode.

10
he Bank hereby request Members who have not

T
updated their email IDs to update the same with
their respective Depository Participant(s) or the

Karvy Computershare Private Limited, Registrar and
Transfer Agent (R&T) of the Bank. Further, Members
holding shares in electronic mode also requested
to ensure to keep their email addresses updated
with the Depository Participants / R&T of the Bank.
Members holding shares in physical mode are also
requested to update their email addresses by writing
to the R &T of the Bank quoting their folio number(s).
16.
In terms of Sections 108 of the Companies Act,
2013 read with the Companies (Management and
Administration) Rules, 2014 as amended, the Bank is
providing the e-voting facility to its Members holding
shares in physical or dematerialized form, as on the
cut-off date, being Saturday, May 30, 2015, to exercise
their right to vote by electronic means on any or all
of the businesses specified in the accompanying
Notice (the Remote e-voting). The Remote e-voting
commences on Tuesday, June 2, 2015 (10:00 A.M.)
and ends on Friday, June 5, 2015 (5:00 P.M.). Detail
of the process and manner of Remote e-voting along
with the User ID and Password is being sent to all
the Members along with the Notice.
17. In terms of the recent amendment to the Companies
(Management and Administration) Rules, 2014 with
respect to the Voting through electronic means, the
Bank is also offering the facility for voting by way of
physical ballot at the AGM. The Members attending
the meeting should note that those who are entitled
to vote but have not exercised their right to vote by
Remote e-voting, may vote at the AGM through ballot
for all businesses specified in the accompanying
Notice. The Members who have exercised their right
to vote by Remote e-voting may attend the AGM but
shall not vote at the AGM. The voting rights of the
Members shall be in proportion to their shares of the
paid-up equity share capital of the Bank as on the
cut-off date being Saturday, May 30, 2015, subject to
the provisions of the Banking Regulation Act, 1949,
as amended.
18. T
he Board of Directors has appointed Mr. B.
Narasimhan, Company Secretary of M/s B. N. &
Associates, Company Secretaries, failing him,
Mr. Keyoor Bakshi, Partner, BNP & Associates,
Company Secretaries as a Scrutinizer to scrutinize
the voting and Remote e-voting process in a fair and
transparent manner.
Notice
19. T
he Results on above resolutions shall be declared
not later than 48 hours from the conclusion of the
AGM of the Bank and the resolutions will be deemed
to be passed on the AGM date subject to receipt of the
requisite number of votes in favour of the Resolutions.
20. The Results of voting will be declared and the same

along with Scrutinizers Report(s) will be published
on the website of the Bank (www.yesbank.in) and
on Service Providers website (https://evoting.karvy.
com) and the same shall also be simultaneously
communicated to the BSE Limited and the National
Stock Exchange of India Limited within 48 hours
from the conclusion of the AGM.
Explanatory Statement pursuant to Section 102(1) of

the Companies Act, 2013 setting out all material facts
relating to special business:
In terms of Section 149(10) of the Companies Act, 2013,

an Independent Director shall hold office for a term up
to five consecutive years on the Board of a Company but
shall be eligible for reappointment on passing of a special
resolution by the Company for a further period of upto five
years. Further, in terms of Section 10A(2A) of the Banking
Regulation Act, 1949, no Director of a banking company,
other than its Chairman or Wholetime Director, by whatever
name called, shall hold office continuously for a period
exceeding eight years. In view of the above provisions and
the fact that Mr. Ajay Vohra held office since April 29, 2008,
the Board proposes his appointment as an Independent
Director of the Bank, not liable to retire by rotation, for a
period from April 1, 2015 upto April 28, 2016, as first term,
for the approval of Members.
Item No. 5
Mr. Ajay Vohra (DIN- 00012136) was re-appointed as a
Director liable to retire by rotation under Companies Act,
1956 by the Members of the Bank at the Annual General
Meeting held on June 8, 2013. He has been on the Board of
the Bank since April 29, 2008 as an Independent Director
of the Bank. Further, in terms of Sections 149, 150, 152
read with Schedule IV of the Companies Act, 2013, the
Board of Directors have reviewed the declaration made by
Mr. Ajay Vohra that he meets the criteria of independence
as provided in Section 149(6) of the Companies Act, 2013
and the Equity Listing Agreement, and the Board is of
opinion that he fulfills the conditions specified therein
and is independent of the management. Furthermore,
the Board based on the performance evaluation of
Mr. Ajay Vohra has recommended his appointment as
Independent Director of the Bank, not liable to retire
by rotation, for a period from April 1, 2015 upto April 28,
2016 to the Members for approval.
Further, Ministry of Corporate Affairs (MCA) vide its
General Circular No. 14/2014 dated June 9, 2014 has
clarified that if the Company intends to appoint the
existing Independent Directors under Companies Act,
2013, such appointment shall be made expressly under
the Section 149(10)/(11) read with Schedule IV of the Act
within one year from April 1, 2014, subject to compliance
with eligibility and other prescribed conditions. As the
said Circular was issued few days before the 10th AGM
of the Bank held on June 14, 2014 and the notice for the
same was already dispatched by the Bank by then, the
Bank was unable to seek the approval of Members for
appointment of Mr. Ajay Vohra as an Independent Director
of the Bank in the said AGM. However, the disclosure with
respect to his independence from the management of
the Bank was made in the Notice for the 10th AGM sent
to Members.
Mr. Ajay Vohras appointment is in compliance with the

provisions of Section 10A of the Banking Regulation Act,
1949, in particular, on account of Mr. Ajay Vohra having the
requisite experience / expertise required under Section
10A (2) of the Banking Regulation Act, 1949. (For detailed
experience statement, please refer the enclosed profile of
Mr. Ajay Vohra)
The detailed profile of Mr. Ajay Vohra, Directorship and
Committee position held by him in other Companies is
included separately in this Notice and report on Corporate
Governance forming part of the Annual Report.
Your Directors find that his continued association on the
Board of the Bank would immensely benefit the Bank and
hence recommend the Resolution for the approval of the
Members as an Ordinary resolution set forth in Item No.
5 of this Notice.
Save and except Mr. Ajay Vohra, none of the Directors or
Key Managerial Personnel or their relatives are, in any
way, concerned or interested in the above Resolution.
11

Notice
Item No. 6
Mr. Diwan Arun Nanda (DIN- 00034744) was appointed
as a Director liable to retire by rotation under Companies
Act, 1956 by the Members of the Bank at the Annual
General Meeting held on June 8, 2013. Further, in terms
of Sections 149, 150, 152 read with Schedule IV of the
Companies Act, 2013, the Board of Directors have reviewed
the declaration made by Mr. Diwan Arun Nanda that he
meets the criteria of independence as provided in Section
149(6) of the Companies Act, 2013 and Equity Listing
Agreement, and the Board is of opinion that he fulfills
the conditions specified therein and is independent of
the management. Furthermore, the Board based on the
performance evaluation of Mr. Diwan Arun Nanda has
recommended his appointment as Independent Director
of the Bank, not liable to retire by rotation, for a period
of five years, effective from April 1, 2015 to the Members
for approval.
Further, Ministry of Corporate Affairs (MCA) vide its General
Circular No. 14/2014 dated June 9, 2014 has clarified that if
it is intended to appoint the existing Independent Directors
under Companies Act, 2013, such appointment shall be
made expressly under the Section 149(10)/(11) read with
Schedule IV of the Act within one year from April 1, 2014,
subject to compliance with eligibility and other prescribed
conditions. As the said Circular was issued few days before
the 10th AGM of the Bank held on June 14, 2014 and the
notice for the same was already dispatched by the Bank
by then, the Bank was unable to seek the approval of
Members for appointment of Mr. Diwan Arun Nanda as an
Independent Director of the Bank in the said AGM. However,
the disclosure with respect to his independence from the
management of the Bank was made in the Notice for the
10th AGM sent to Members.
In terms of Section 149(10) of the Companies Act, 2013,
an Independent Director shall hold office for a term up
to five consecutive years on the Board of a Company
but shall be eligible for reappointment on passing of a
special resolution by the Company for a further period of
upto five years. Further, in terms of Section 10A(2A) of the
Banking Regulation Act, 1949, no Director of a banking
company, other than its Chairman or Wholetime Director,
by whatever name called, shall hold office continuously
for a period exceeding eight years. Further, RBI vide
Circular on Fit and Proper norm for Independent /
Non-Executive Directors has advised the private sector
banks that the Independent Director to be nominated
for appointment/reappointment in the Board, should be
12
between 35 to 70 years of age. As Mr. Diwan Arun Nanda has

already crossed the age of 70 years, the Bank had sought a
formal view from the RBI on his continuing on the Board
after completion of 70 years of age. RBI vide letter No.DBR.
Appt. No. 13056/29.47.001/2013-14 dated March 4, 2015
had given their concurrence for his continuation on the
Board as Non-Executive Director of the Bank till October
2016. In view of the above provisions and the fact that
Mr. Diwan Arun Nanda held office for only three years since
his initial appointment, the proposal for his appointment,
as first term, as an Independent Director, not liable to retire
by rotation, for a period of five years, effective from April 1,
2015 has been put up for the approval of Members subject to
approval of RBI for his continuation as Independent Director
on the Board beyond October 22, 2016.
Mr. Diwan Arun Nandas appointment is in compliance
with the provisions of Section 10A of the Banking
Regulation Act, 1949, in particular, on account of
Mr. Diwan Arun Nanda having the requisite experience /
expertise required under Section 10A (2) of the Banking
Regulation Act, 1949. (For detailed experience statement,
please refer the enclosed profile)
The detailed profile of Mr. Diwan Arun Nanda, Directorship
and Committee position held by him in other Companies is
included separately in this Notice and report on Corporate
Governance forming part of the Annual Report.
Accordingly, your Directors find that his continued
association on the Board would be highly beneficial to the
Bank and hence recommend the Resolution for the approval
of the Members as an Ordinary resolution set forth in Item
No. 6 of this Notice.
Save and except Mr. Diwan Arun Nanda, none of the Directors
or Key Managerial Personnel or their relatives are, in any way,
concerned or interested in the above Resolution.
Item Nos. 7 & 8
The Board of Directors at their meeting held on July 23, 2014
based on the recommendation of Board Remuneration &
Human Capital Management Committee (now renamed as
Nomination & Remuneration Committee), had approved
the revision in remuneration of Mr. Rana Kapoor, Managing
Director & CEO with effect from April 1, 2014. The revision in
remuneration was subject to approval of the Reserve Bank of
India and Members of the Bank. Subsequently, the Bank had
made application to RBI seeking approval for the proposed
revision in remuneration of Mr. Rana Kapoor, Managing
Notice
Director & CEO effective from April 1, 2014 which has

been approved by RBI, vide their letter No. DBR.Appt.No.
9603/29.47.001/2014-15 dated December 29, 2014.
The detail of the remuneration of the MD & CEO as
approved by RBI effective from April 1, 2014, along
with the remuneration paid to the MD & CEO during the
FY 2013-14, as approved by RBI, is provided below :-
Particulars
Basic Salary (Annual)
Dearness allowances
Other allowance
TOTAL
Perquisite
Bank furnished and
maintained accommodation
Free use of two Banks car
with driver for official &
private purposes
Provident Fund
Gratuity
Pension
Traveling and Halting
Allowances
Other benefits, if any (i) Gas, Electricity & Water
(ii) Medical
(iii) Residence Telephone
(iv) Medical Insurance
(v) Life Insurance/ Personal
Accident Insurance
(Amount in `) (per annum)

Remuneration to MD & CEO
FY 2013-14
FY 2014-15
13,104,840/15,725,808/6,101,656/7,321,987/2,311,154/2,773,385/21,517,650/25,821,180/Actual
Actual
Actual
Actual
1,572,581/As per Banks

Policy
1,887,097/As per Banks

Policy
1,310,484/-
1,572,581/-
-
Actual
Actual
2 Telephones
As per Banks
Policy
Actual
Actual
2 Telephones
As per Banks
Policy
As per Banks
Policy
As per Banks
Policy
2 clubs
675,000/*8,607,060/-
2 clubs
810,000/As may be
decided by
the Board
of Directors,
subject to
approval of RBI
Mr. Rana Kapoor has been serving as the Managing

Director & CEO of the Bank since September 1, 2004,
with the approval of the Reserve Bank of India (RBI)
and Members, from time to time. His current tenure as
approved by the RBI and Members of the Bank is valid
upto August 31, 2015.
Under Mr. Rana Kapoors leadership, the Bank has been
progressively established as a high quality, state-of-the-art
private Indian Bank catering to the Future Industries of
India. The Bank is steadily evolving with exemplary business
and financial outcomes as evidenced in the financial results
since inception, maintaining satisfactory performance across
all business and financial parameters in the difficult period
of the Indian economy in the last five years. The Bank has
expanded its branch network to 630 branches over 375
locations across India, 1,190 plus ATMs and 2 national
processing centers. The Bank has received significant
national and global recognition and accolades including
being recognized amongst the Top and the Fastest Growing
Bank in various Indian Banking League Tables by prestigious
media houses and global advisory firms.
Considering the highly satisfactory performance achieved
by the Bank till date under Mr. Rana Kapoors leadership,
the Board of Directors at their meeting held on
April 22, 2015 based on the recommendation of
Nomination & Remuneration Committee (N&RC), have
decided to recommend his re-appointment including
terms of appointment as Managing Director & CEO with
effect from September 1, 2015 for a period of 3 years to
the Members of the Bank for approval, subject to approval
of the Reserve Bank of India.
* as approved by the RBI along with the remuneration of MD &

CEO effective from April 1, 2014.
While the current tenure of appointment of Managing

Director & CEO is upto August 31, 2015, the Board
has decided to recommend his re-appointment well
in advance and also extend the term, in order to bring
about certainty to the Members on the leadership of
the Bank, which would in turn promote good corporate
governance. The early initiation of the process of
re-appointment would also enable the Bank to seek
timely approvals from the regulators for completion of
the process of re-appointment and implement its long
term growth plans as well.
The details of remuneration paid to Managing Director & CEO,

as required under Section 92(3) of the Companies Act 2013 and
rule thereunder, during the FY 2014-15 has also been provided
in the Directors Report for the information of the Members.
Further, based on the recommendation of the N&RC and in

line with the Compensation Policy of the Bank, the Board
has recommended the following remuneration to MD &
CEO for the financial year beginning April 1, 2015, with an
(vi) Club Membership

Leave Fare Concession
Bonus
13

Notice
annual increment of up to a maximum of 20% for every year

thereafter during the currency of his proposed term, to the
Members for approval which is subject to approval of RBI:
Particulars
Basic Salary
Dearness allowances
Other allowances
Amount in ` per annum

18,870,970
8,786,384
3,328,062
TOTAL
30,985,416
Mr. Rana Kapoor shall also be entitled to an annual

performance bonus as may be determined by the Board
/ Nomination & Remuneration Committee of the Board
in terms of the Compensation Policy of the Bank and in
terms of the Guidelines of the Reserve Bank of India on
the Compensation of Managing Directors / Whole Time
Directors, etc. and as approved by Reserve Bank of India.
Mr. Rana Kapoor shall continue to be eligible for
perquisites (evaluated as per Income-tax rules wherever
applicable and otherwise at actual cost to the Bank) such
as the benefit of the Banks furnished accommodation, gas,
electricity, water and furnishings, club fees, group insurance,
use of car and telephone at residence or reimbursement
of expenses in lieu thereof; medical reimbursement, leave
and leave travel concession, education benefits, provident
fund, superannuation fund and gratuity, in accordance with
the scheme(s) and rule(s) applicable from time to time and
in accordance with RBI approvals.
Further, Mr. Rana Kapoors appointment is in compliance
with the provisions of Section 10B and other applicable
provisions of the Banking Regulation Act, 1949, in
particular, on account of Mr. Rana Kapoor having the
requisite experience / expertise required under Section
10B and other applicable provisions of the Banking
Regulation Act, 1949. (For detailed experience statement
please refer to the enclosed profile).
Accordingly, your Directors recommend the passing of
Resolution(s), as set forth in Item No. 7 & 8 of this Notice,
for approval by the Members of the Bank.
Save and except Mr. Rana Kapoor, none of the Directors
or Key Managerial Personnel or their relatives, in any way,
are concerned or interested in the above Resolutions.
Item No. 9
The Bank has achieved significant growth in all its
financial parameters during the last several years. In order
14
to achieve this growth, the Bank has periodically raised

capital, the last instance being in June 2014 when the
Bank raised equity capital of ` 2,942.08 Crores by way of
Qualified Institutions Placement (QIP). The Tier I capital
adequacy ratio as on March 31, 2015 is 11.5%. Given
the significant potential of capturing market share, it is
important that the Bank has adequate capital to support
its growth plans. Further, the Banks capital requirements
also take into account the increase in capital under Basel
III in a phased manner over the next few years.
Accordingly, the Bank proposes to raise additional
capital aggregating upto USD 1 billion or its Indian
Rupee equivalent by way of placement of shares
to Qualified Institutional Buyers through Qualified
Institutions Placement (QIP) and/or private placement
in international markets through ADRs/GDRs or foreign
currency convertible bonds or issue of fully convertible
debentures/partly convertible debentures, preference
shares convertible into Equity Shares, and/or any other
financial instruments or securities convertible into
Equity Shares or with or without detachable warrants
with a right exercisable by the warrant holders to
convert or subscribe to the Equity Shares or otherwise,
in registered or bearer form, whether rupee denominated
or denominated in foreign currency or a Public Issue or
any other methods provided however that the aggregate
amount to be raised by issue of Securities as above shall
not result in increase of the issued and subscribed equity
share capital of the Bank by more than 15% of the then
issued and subscribed equity shares of the Bank. The
issue of securities may be consummated in one or more
tranches at such time or times at such price as the Board
may in its absolute discretion decide, subject, however, to
the ICDR Regulations and the Issue of Foreign Currency
Convertible Bonds and Ordinary Shares (Through
Depository Receipt Mechanism) Scheme, 1993, the
Depository Receipts Scheme, 2014, and other applicable
guidelines, notifications, rules and regulations.
The Board may in their discretion adopt any one or more
of the mechanisms prescribed above to meet its objectives
as stated in the aforesaid paragraphs without the need for
fresh approval from the Members of the Bank.
The pricing of the Securities that may be issued to
qualified institutional buyers pursuant to a qualified
institutions placement shall be freely determined subject
to such price not being less than the price calculated in
accordance with Chapter VIII of the ICDR Regulations.
Notice
The Bank may, in accordance with applicable law, offer

a discount of not more than 5% or such percentage as
permitted under applicable law on the price determined
pursuant to the ICDR Regulations. The Relevant Date
for this purpose will be the date when the Board or the
Committee of the Board decides to open the qualified
institutions placement for subscription.
The Special Resolution also seeks to give the Board powers
to issue Securities in one or more tranche or tranches, at
such time or times, at such price or prices and to such
person(s) including institutions, incorporated bodies and/
or individuals or otherwise as the Board in its absolute
discretion deem fit. The detailed terms and conditions for
the issue(s)/offering(s) will be determined by the Board or
its committee in its sole discretion in consultation with
the advisors, lead managers, underwriters and such other
authority or authorities as may be necessary considering
the prevailing market conditions and in accordance with
the applicable provisions of law and other relevant factors.
The Equity Shares allotted would be listed on one or
more stock exchanges in India and in case of ADR/GDR
internationally. The offer/ issue / allotment would be
subject to the availability of the regulatory approvals, if
any. The conversion of Securities held by foreign investors
into Equity Shares would be subject to the applicable
foreign investment cap and relevant foreign exchange
regulations. As and when the Board does take a decision
on matters on which it has the discretion, necessary
disclosures will be made to the stock exchanges as may be
required under the provisions of the Listing Agreements.
Section 62(1)(a) of the Companies Act, 2013 provides,
inter alia, that when it is proposed to increase the issued
capital of a Company by allotment of further Equity Shares,
such further Equity Shares shall be offered to the existing
Members of such Company in the manner laid down
therein unless the Members by way of a special resolution
in a General Meeting decide otherwise. Since, the Special
Resolution proposed in the business of the Notice may
result in the issue of Equity Shares of the Bank to persons
other than existing Members of the Bank, consent of the
Members is being sought pursuant to the provisions of
Section 62(1)(c) and other applicable provisions of the
Companies Act, 2013 as well as applicable rules notified
by the Ministry of Corporate Affairs and in terms of the
provisions of the Listing Agreements executed by the
Bank with the stock exchanges where the Equity Shares
of the Bank are listed.
This Special Resolution, if passed, will have the effect of

allowing the Board to offer, issue and allot Equity Shares
to the investors who may or may not be the existing
Members of the Bank.
Your Directors, therefore, recommend the special
resolution, as set forth in Item No. 9 of this Notice, for
approval by the Members of the Bank.
The Directors and Key Managerial Personnel of the Bank
and relatives thereof may be deemed to be concerned or
interested in the passing of resolution to the extent of
securities issued / allotted to them or to the companies
in which they are director or member. Save as aforesaid,
none of the Directors, Key Managerial Personnel or their
relatives are, in any way, concerned or interested in
this resolution.
Item No. 10
In terms of Section 180(1)(c) of the Companies Act, 2013,
borrowings by the Company (apart from the deposits
accepted in the ordinary course of business by the
Company, temporary loans repayable on demand or within
six months from the date of the loan, and temporary loans,
if any, obtained from the Companys bankers, other than
loans raised for the purpose of financing expenditure of
a capital nature), in excess of the paid-up capital of the
Company and its free reserves, require the approval of the
Members by way of special resolution.
The Members of the Bank by way of Postal Ballot on
November 8, 2013 had approved the borrowing limits
not exceeding ` 30,000 Crores (Rupees Thirty Thousand
Crores) under Section 180(1)(c) of the Companies Act, 2013.
Considering the substantial growth in business and
operations of the Bank, opportunity to raise attractive
borrowings as per the recent guidelines of the Reserve
Bank of India on Issue of Long Term Bonds by Banks
for financing of Infrastructure and Affordable Housing,
relaxation in Basel III guidelines on limit of Tier II capital
to be considered for Capital Fund purpose, your approval
is being sought to increase the borrowing limits from
` 30,000 Crores (Rupees Thirty Thousand Crores) to
` 50,000 Crores (Rupees Fifty Thousand Crores). Further,
since March 31, 2014, the Banks operations have grown
from an asset base of ` 109,016 Crores as at March 31,
2014 to ` 136,170 Crores as at March 31, 2015 and total
shareholders funds have increased from ` 7,121 Crores as
at March 31, 2014 to ` 11,680 Crores as at March 31, 2015.
15

Notice
Further, the approval is being sought for ` 10,000 Crores of

borrowing/raising funds in Indian /foreign currency by issue
of debt securities by the Bank in one or more tranches in
item No. 11 of this Notice which will be within the overall
borrowing limits of the Bank as proposed hereby and as
may be approved by the Members, from time to time.
None of the Directors or Key Managerial Personnel and
their relatives are, in any way, concerned or interested in
this resolution.
Item No. 11
Your Bank has been borrowing funds to meet the
business requirements within the limits approved by
you by way of issuance of various debt securities (bonds/
debentures) as permitted by Reserve Bank of India (RBI)
and in accordance with the provisions of Securities
and Exchange Board of India (Issue and Listing of Debt
Securities) Regulations, 2008, as amended, and other
applicable laws, from time to time.
In terms of Section 42 of the Companies Act, 2013 read
with Companies (Prospectus and Allotment of Securities)
Rules, 2014, a Company can make private placement of
securities subject to the condition that the proposed offer
of securities or invitation to subscribe securities has been
previously approved by the Members of the Company, by
a special resolution, for each of the offers or invitations /
subscriptions. In case of offer or invitation for subscription
of non-convertible debentures, it shall be sufficient if the
Company passes a special resolution only once in a year
for all the offers or invitation for subscription of such
debentures during the year.
The Bank has already obtained the approval of Members
by way of Postal Ballot on January 17, 2015 for borrowing/
raising funds by issue of debt securities including but not
limited to non-convertible debentures, bonds (including
bonds forming part of Tier I/ Tier II Capital in accordance
with and subject to the terms and conditions specified in
the Basel III Capital Regulations prescribed by RBI, longterm infrastructure bonds or such other bonds as may be
permitted by RBI from time to time), pursuant to the relevant
provisions of the applicable circulars or guidelines issued
by RBI, upto ` 8,000 Crores (Rupees Eight Thousand Crores
Only), in one or more tranches and such approval is valid
16
for a period of one year i.e. upto January 16, 2016. Pursuant
to the said approval, the Bank has raised an amount of
` 1,000 Crores (Rupees One Thousand Crores Only) by
way of issue of Senior Unsecured Redeemable Long
Term Bonds in the nature of Debentures. The Bank would
further, at appropriate times, raise the funds by way of
issue of debt securities, under the above approval of
Members over a period of time which may go beyond one
year as approved by the Members.
The current approval of Members is valid upto January
16, 2016. In order to facilitate the raising of funds by way
of issue of debt securities, it would be necessary to have
the approval of Members without interruption. Therefore,
in order to avoid reaching out to the Members by way of
Postal Ballot between the AGMs and the costs relating
thereto, it would be appropriate to have the Members
approval in this AGM.
Further, considering the attractive features of the revised
guidelines issued by RBI on issue of long term bonds
/ Basel III Tier I / Tier II bonds and the fact that these
bonds will also assist the Bank in reducing asset-liability
mismatches, the Board of Directors has proposed to obtain
the consent of the Members of the Bank for borrowing/
raising funds in Indian / foreign currency by issue of
debt securities pursuant to the relevant provisions of
the applicable circulars or guidelines issued by RBI, upto
` 10,000 Crores (Rupees Ten Thousand Crores Only), in one
or more tranches in domestic and /or overseas market, as
per the structure and within the limits permitted by RBI
and other regulatory authorities, to eligible investors on
private placement basis, on such terms and conditions
as the Board of Directors or any Committee(s) thereof or
such other persons as may be authorized by the Board,
from time to time, determine and consider proper and
appropriate for the Bank. This would form part of the
overall borrowing limits under Section 180(1)(c) of the
Companies Act, 2013 as mentioned above which is sought
to be enhanced to ` 50,000 Crores (Rupees Fifty Thousand
Crores). The Resolution under Section 42 of Companies
Act, 2013 shall be valid for a period of one year from the
date of passing of this resolution.
The pricing of the debt securities referred above
depends primarily upon the rates prevailing for risk
free instruments, rates on other competing instruments
of similar rating and tenor in the domestic or overseas
markets, investor appetite for such instruments and
investor regulations which enable investments in such
Notice
instruments. Further, debt securities would be issued for

cash either at par or premium or at discount to the face
value depending upon the prevailing market conditions,
as permitted under the Laws.
Accordingly, the approval of Members is being sought by way
of special resolution as set out at in Item No. 11 of this Notice
for borrowing/raising funds in Indian / foreign currency by
issue of debt securities on private placement basis.
None of the Directors or Key Managerial Personnel and
their relatives are, in any way, concerned or interested in
this resolution.
Item No. 12
Pursuant to the Foreign Exchange Management (Transfer
or Issue of Security by a Person Resident Outside India)
Regulations, 2000 (FEMA 2000) and the Consolidated
FDI Policy (issued by the Department of Industrial Policy
and Promotion, Ministry of Commerce and Industry,
Government of India) (FDI Policy), foreign investment
of upto 74% of the paid-up share capital is permitted
in private sector bank, such that 49% is under the
automatic route and beyond 49% under the approval
route. Further, under FEMA 2000 and FDI Policy, the total
holdings of all Foreign Portfolio Investors (FPIs) and
Foreign Institutional Investors (FIIs) registered with
the Securities and Exchange Board of India (SEBI),
including their sub-accounts is not to exceed 24% of the
paid-up share capital of the Bank. However, this limit can
be increased to 49% of the paid-up share capital of the
Bank (which is the permissible limit) after approval by the
Members of the Bank by way of a special resolution and
intimation to the Reserve Bank of India. In this regard,
the Board of Directors of the Bank, pursuant to their
resolution dated October 10, 2005 and the Members,
pursuant to a special resolution dated July 24, 2006,
have approved the increase in FII holding to 49% of the

paid-up equity share capital of the Bank.
The Union Budget for 20152016 has announced that
distinction between different types of foreign investments,
especially between foreign portfolio investments and
foreign direct investments to be done away with and
replaced with composite cap.
While pursuant to this announcement, the amendments
to applicable laws and the increased applicable cap for
investment by FPIs/FIIs notification is awaited, however
so as to enable the Members of your Bank to avail the
significant benefits of the increased limit at the earliest
as soon as the relevant amendments are notified by the
Government, your Bank has proposed this resolution for
your approval. Upon amendment to the relevant laws
increasing the permissible limit of FPI/FII limits, pursuant
to your approval of this resolution, and subject to applicable
laws and regulations or any conditions specified by the
applicable regulatory authorities, including the Reserve
Bank of India, your Board of Directors would record the
increased limit and carry out related formalities, so as to
enable the Members of your Bank to avail the benefits of
the increased limit in a timely manner.
None of the Directors or Key Managerial Personnel of the
Bank or their relatives is in anyway interested or concerned
in the above resolution, except to the extent of the equity
shares of the Bank held by him/her or their relatives.
Place: Mumbai
Company Secretary
17

Notice
Profile of Directors being appointed/ re-appointed as

required under Clause 49 of the Listing Agreement, in the
order of the items mentioned in the Notice:
Mr. M. R. Srinivasan
Mr. M. R. Srinivasan, aged 71 years, holds B.Com from
Madras University, B.GL from Mumbai University and
CAIIB from Indian Institute of Bankers. He has 35 years
of experience with Reserve Bank of India and served in
various roles. He was the Chief General Manager in- charge
of Department of Banking Operations & Development
(RBI). He has also acted as Executive Director and Banking
Advisor of IDBI and was also acted as IDBI nominee
director in IDBI Bank Limited and SPIC Limited. He has
also associated with multilateral organizations like WTO,
IMF, BIS and World Bank in their various programs. He has
been on the Board of the Bank since October 23, 2012 and
as the Chairman of the Board from June 27, 2013 till June
26, 2014, as approved by the Reserve Bank of India.
As on April 22, 2015, Mr. M. R. Srinivasan is the Chairman of
Risk Monitoring Committee and Board Credit Committee and
member of Audit Committee and Capital Raising Committee.
As on March 31, 2015, Mr. M. R. Srinivasan did not hold any
shares of the Bank. Apart from YES BANK Limited, he does
not hold any other Directorships.
Mr. Ajay Vohra
Mr. Ajay Vohra, aged 54 years, is a designated Senior
Advocate by the Delhi High Court and was Ex-Managing
Partner of Vaish Associates, is a qualified Chartered
Accountant and has been practicing since last 30 years
in the area of domestic and international tax and is a
leading arguing counsel before Tax Tribunals, High Courts
and the Supreme Court.
He had been the past Chairman of International Fiscal
Association India Branch, past Chairman of Direct Taxes
Committee of PHD Chamber of Commerce and Industry,
Vice Chair of the Tax Law Committee of the International
Pacific Bar Association and Member of Board of Directors
/ Regional Coordinator for Asia-Pacific Region, of the
World Law Group.
Mr. Vohra is also actively involved in the advisory practice
relating to M & A, international tax and transfer pricing. In
his spare time, he contributes articles in various journals
and addressing seminars nationally and internationally.
18
Mr. Vohra has been rated as one of the most highlyacclaimed legal experts in the Asia-Pacific region in
the field of Taxation by Asialaw Leading Lawyers Guide
for each of the years 2006 to 2014. The Tax Directors
Handbook (supported by KPMG) highly recommends
Mr. Ajay Vohras tax team for complex direct tax issues.
As on April 22, 2015, he is the Chairman of the Audit
Committee and Member of Risk Monitoring Committee
and Fraud Monitoring Committee.
As on March 31, 2015, Mr. Ajay Vohra did not hold
any shares of the Bank. He was also a Member of
Vaish Associates Public Welfare Trust. Details of other
Directorships are given hereunder:
Sr. No Name of the other Companies in which Directorship
was held
1
2
HCL Infosystems Limited

HCL Holdings Private Limited, Mauritius
Mr. Diwan Arun Nanda

Mr. Diwan Arun Nanda, aged 71 years, is the Founder
Chairman and Managing Director of Rediffusion-Y&R
and an industry veteran with over 40 years experience in
Marketing, Finance, Communication and Advertising.
Mr. Nanda is from the first batch of graduates (1964-1966)
of the Indian Institute of Management, Ahmedabad and
was awarded a Gold Medal along with Dr. C. K. Prahalad.
Soon thereafter, he joined Hindustan Lever Ltd. in 1966
as a Management Trainee in Marketing. Post his training
in Sales, he started the Promotions Department at the
Marketing HQ and then moved into Brand Marketing.
There he worked on helping shape iconic brands like Surf,
Rin, Lux, Rexona, Lifebuoy and Liril. He left Hindustan
Lever Ltd. in June 1972 after a 6 year stint.
In 1973, Mr. Nanda founded Rediffusion, a creative
communication agency that fundamentally re-imagined
the rules of advertising in India. Today, Rediffusion-Y&R is
amongst the top advertising agencies in the country, with a
nationwide presence and also comprising group companies
like Everest Brand Solutions, Rediffusion-Wunderman,
Sudler Hennessey and Rediffusion-Y&R (Sri Lanka).
Mr. Nanda has been felicitated with the Distinguished
Alumni Award by his Alma Mater-Loyola College,
Chennai, and also by IIM-Ahmedabad. He was a recipient
Notice
of the Government of India Merit Scholarship. He has

been a Judge at the Cannes Film Festival, Leader of the
Indian delegation to the Asian Advertising Congress
at Tokyo in 1993, and President of the Advertising
Agencies Association of India during the years 19931995 and 1999-2000. For his outstanding contribution
to Indian advertising, Mr. Nanda was awarded the AAAIPremnarayen Award.
Mr. Nandas achievements are not only limited to
marketing and advertising. Between 1983 and 1991,
Mr. Nanda was advisor to the late Mr. Rajiv Gandhi. He has
also been a Member of the Jawaharlal Nehru Centenary
Committee (a part of the Cabinet Secretariat of the
Government of India).
In addition, Mr. Nanda serves on the Boards of several
national and multinational companies.
As on April 22, 2015, Mr. Diwan Arun Nanda is a Chairman
of Service Excellence, Branding and Marketing Committee
and Stakeholders Relationship Committee and member
of Capital Raising Committee, IT Strategy Committee and
Corporate Social Responsibility Committee.
As on March 31, 2015, Mr. Diwan Arun Nanda did not hold
any shares of the Bank. Details of his other Directorships
are given hereunder:
was held
1
2
3
4
5
6
7
8
9.
Rediffusion Holdings Private Limited

Rediffusion Dentsu Young and Rubicam Private Limited
Rediff. Com India Limited
Arion Horse Company Private Limited
Wunderman India Private Limited
Everest Brand Solutions Private Limited
Showdiff Worldwide Private Limited
Oriental Hotels Limited
Rediffusion DY&R Private Limited, Sri Lanka
Mr. Rana Kapoor

Mr. Rana Kapoor, aged 57 years, is the Managing Director
& CEO of YES BANK. As a professional entrepreneur, since
2003, he is progressively establishing a high quality, stateof-the-art private Indian Bank with a vision of Building the
Best Quality Bank of the World in India by 2020. Under
his leadership, YES BANK has steadily evolved as the
Professionals Bank of India with exemplary business and
financial outcomes as evidenced in the financial results
since inception, with highest RoA/RoE, and the best asset

quality amongst leading Public and Private Banks in India.
Mr. Rana Kapoor received an Honorary Fellowship from
All India Management Association (AIMA), Doctorate
in Science (Honoris Causa) from G.B. Pant University of
Agriculture & Technology, Indias foremost and oldest Agri
University, for his contribution to the Food & Agribusiness
sector in India. He holds an MBA degree from Rutgers
University in New Jersey, U.S.A. (1980), and a Bachelors
degree in Economics (Honours) from the University
of Delhi (1977). He has also received the prestigious
Presidents Medal from Rutgers University.
In a span of 10 years, YES BANK has received significant
national and global recognitions and accolades including
the prestigious IMC RBNQA Business Excellence Award,
2013, Best Midsized Bank for 2013, 2012, 2010, 2009 &
2008 in the Business Today-KPMG Best Banks Annual
Survey. YES BANK was awarded the Best Bank (Mid-Size) by
Businessworld and adjudged Best Managed Bank in India
by the Asian Banker (2011-2013), Jakarta, 2013. YES BANK
received the Rank 1 Sustainable Bank of the Year (Asia/
Pacific) award at the FT/IFC Sustainable Finance Awards
2012 and 2011, London and was included as a Foundation
Member of the World Economic Forum (WEF), Geneva.
Mr. Rana Kapoor recently received the Excellence in
Leadership Award by Mahratta Chamber of Commerce,
Industries & Agriculture and Banker of the Year award
at The SKOCH Financial Inclusion and Deepening Awards,
2014 and had earlier received The Asian Banker CEO
Leadership Achievement Award for India, 2013. He has
also received the 2013 Godfrey Phillips National Special
Social Award for actively driving the vision of Responsible
Banking and the Distinguished Entrepreneurship Award
at the PHD Chamber Awards for Excellence in 2012 and
2007. He was acknowledged as the Best Indian Banker
(Mid Size) at The Sunday Standard Best Bankers Awards
consecutively in 2012 and 2013, Best Banker Award at
the Rajiv Gandhi Excellence Awards in 2013, BS Banker
of the Year 2011 by Business Standard, and received
the Entrepreneur of the Year award at the Asia Pacific
Entrepreneurship Awards 2011. He was conferred The
Bombay Management Association Entrepreneurial
Banker of the Decade award and was ranked the 2nd
Most Valuable Indian CEO of the Year (Large-sized
category) by Businessworld Magazine in November 2011.
Mr. Rana Kapoor received the Indian Business Leader
19

Notice
of the Year award at the FICCI-Horasis Global Indian

Business Meeting 2010 in Spain, and was awarded the
Start-up Entrepreneur of the Year 2005 at the Ernst &
Young Entrepreneur of the Year Awards.
President, FICCI Maharashtra State Council (2010-11)
Prior to establishing YES BANK, Mr. Rana Kapoor was

CEO & Managing Director, and main Managing Partner
of Rabo India Finance (RIF) Pvt. Ltd. (a corporate finance
and investment banking organization). He successfully
spearheaded RIF as a foreign joint venture financial
services organization in partnership with Rabobank (AAA
rated) in India and assiduously built RIF as a Professional
Entrepreneur from 1998-2003. Thereafter he sold his
shareholdings to Rabobank, Netherlands, in early 2003.
M
ember,
World
(WPO/YPO)
Prior to starting Rabo India, he was the General Manager

& Country Head: ANZ Grindlays Investment Bank
(ANZIB, from 1996-98). He spent 15 years at Bank of
America (1980-1995), where he last headed the Banks
Wholesale Banking businesses and held several positions
of increasing responsibility, including assignments in
Asian countries. He was presented the Eagle Pin by
the Chairman of Bank of America in 1990, the highest
professional recognition for consistent performance
excellence at Bank of America, amongst several other
enterprising achievements.
Mr. Rana Kapoor is a member of the following:- President, ASSOCHAM
E
x-deputy Chairman, Indian Banks Association (IBA)
(2011-12)

Honorary Secretary, 2010-11
Member, Managing Committee
P
resident, The Council of EU Chambers of Commerce
in India (2009 10)
Member Founders Circle, Brookings Institution

M
ember, Governing
Council, University of
Pennsylvania Institute for the Advanced Study of
India (UPIASI)
20
Organization
Member, Chief Executives Organization (CEO)

For the reasons stated above, Mr. Rana Kapoor has the
requisite experience from a perspective of Section 10B
and other relevant sections of the Banking Regulation
Act, 1949.
As on April 22, 2015, Mr. Rana Kapoor was the Chairman
of Fraud Monitoring Committee and Capital Raising
Committee and member of Risk Monitoring Committee,
Board Credit Committee, Corporate Social Responsibility
Committee and Service Excellence, Branding and
Marketing Committee.
As on March 31, 2015, Mr. Rana Kapoor was holding
20,000,000 shares of the Bank and has ownership with his
family in Yes Capital (India) Private Limited and Morgan
Credits Private Limited with aggregate shareholding
of 29,175,000 shares in the Bank. Details of his other
Directorships are given hereunder:
was held
1
2
3.
The Associated Chambers of Commerce and Industry

of India (a Section 8 Company)
YES Securities (India) Limited
Climate Change Association India (a Section 8 Company)
Member, Government of Indias Board of Trade

M
ember, Board of Governors, Indian Institute of
Corporate Affairs (IICA), Ministry of Corporate Affairs,
Government of India.
Presidents
Place: Mumbai
Company Secretary
Form No. MGT-11
PROXY FORM
[Pursuant to Section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014]
YES BANK Limited

CIN: L65190MH2003PLC143249
Regd. & Corporate Office: 9th Floor, Nehru Centre, Discovery of India, Dr. A. B. Road, Worli, Mumbai - 400 018, India.
Tel.: +91(22)3366 9000 Fax.: +91(22)2421 4518 Website: www.yesbank.in Email.: [email protected]
Name of the member (s): ...................................................................................................................................................................................................................................................
Registered address:...............................................................................................................................................................................................................................................................
E-mail Id:..................................................................................................................................................................................................................................................................................
Folio No/ Client Id:................................................................................................................................................................................................................................................................
DP ID:.........................................................................................................................................................................................................................................................................................
I/We, being the member (s) of ......................................................................................................... shares of the above named Bank, hereby appoint
1.
Name: .......................................................... Address: ......................................................................................................................................
E-mail Id: ......................................................Signature:.............................................................................................................. or failing him
2.
Name: .......................................................... Address: .............................................
E-mail Id: ......................................................Signature:.............................................................................................................. or failing him
3.
Name: ...........................................................Address: .....................................................................................................................................
E-mail Id: .....................Signature:....................................................................................................................................
as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 11th Annual General Meeting of the Bank, to be held on the
Saturday, June 6, 2015 at 11.00 A.M. at Hall of Culture, Ground Floor, Nehru Centre, Worli, Mumbai 400 018 and at any adjournment thereof in respect
of such resolutions as are indicated below:
Sl. No. Resolution
Ordinary Business:
1.
Adoption of standalone and consolidated financial statement for the year ended March 31, 2015
2.
Approval of dividend on equity shares
3.
Appoint a Director in place of Mr. M. R. Srinivasan (DIN: 00056617), who retires by rotation and being eligible,
offers himself for re-appointment.
4.
Appointment of M/s. S. R. Batliboi & Co. LLP., Chartered Accountants as Auditors and fixation of remuneration thereof
Special Business:
5.
Approval for appointment of Mr. Ajay Vohra (DIN- 00012136) as an Independent Director
6.
Approval for appointment of Mr. Diwan Arun Nanda (DIN- 00034744)) as an Independent Director
7.
Approval for revision in the remuneration of Mr. Rana Kapoor (DIN- 00320702) as a Managing Director & Chief
Executive Officer of the Bank, in terms of the RBI approval, effective from April 1, 2014.
8.
Approval for re-appointment of Mr. Rana Kapoor (DIN- 00320702) as a Managing Director & Chief Executive
Officer of the Bank effective from September 1, 2015 and remuneration effective from April 1, 2015 subject to
approval of Reserve Bank of India.
9.
Approval for raising of capital upto USD 1 Billion by issue of shares or convertible securities in one or more tranches
provided however that the aggregate amount raised shall not result in increase of the issued and subscribed equity
share capital of the Bank by more than 15% of the then issued and subscribed equity shares of the Bank
10.
Approval for increase in the borrowing limits from ` 30,000 Crores to ` 50,000 Crores
11.
Approval for borrowing / raising funds in Indian /foreign currency by issue of debt securities upto ` 10,000 Crores
(the NCDs) to eligible investors on private placement basis
12.
Approval for increasing the FII/FPI holding limit to 74% of the paid-up equity share capital of the Bank or such
other limit as may be permissible under applicable laws.
Optional*
For
Against
Signed this ...................................................... day of ......................................2015.

Signature of Shareholder
Affix
` 1/- Revenue
Stamp Here
Signature of Proxy holder(s)

Note:
1. This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Bank addressed to the
Company Secretary, not later than 48 hours before the commencement of the Meeting.
2. A person can act as proxy on behalf of Members upto and not exceeding fifty and holding in the aggregate not more than ten percent of the
total share capital of the Bank. Further, a Member holding more than ten percent of the total share capital of the Bank carrying voting rights,
may appoint a single person as proxy and such person shall not act as proxy for any other person or Member.
* it is optional to put a () in the appropriate column against the Resolutions indicated in the Box. If you leave the For or Against column blank
against any or all Resolutions, your proxy will be entitled to vote in the manner as he/she thinks appropriate.
YES BANK Limited

CIN: L65190MH2003PLC143249
Regd. & Corporate Office: 9th Floor, Nehru Centre, Discovery of India, Dr. A. B. Road, Worli, Mumbai - 400 018, India.
Tel.: +91(22)3366 9000 Fax.: +91(22)2421 4518 Website: www.yesbank.in Email.: [email protected]
ATTENDANCE SLIP
Folio No. ......................................... DP ID ........................................ Client ID ...........................................................

Name of Member .........................................................................................................................................................
Name of Proxy holder ...................................................................................................................................................
Number of Shares Held ................................................................................................................................................
I hereby record my presence at the ELEVENTH ANNUAL GENERAL MEETING of the YES BANK Limited held on Saturday,
June 6, 2015 at 11.00 A. M., at Hall of Culture, Ground Floor, Nehru Centre, Dr. A. B. Road, Worli, Mumbai - 400 018.
Signature of Member/Proxy
Notes:
(1) Members/Proxyholders are requested to produce the attendance slip duly signed for admission to the Meeting hall.
(2) Members are requested to bring their copy of Annual Report for reference at the Meeting.
Experience
our Expertise
YES BANKs new Corporate Headquarters - Mumbai, India
Awards & Recognitions
Consistent Performer and Best Asset

Quality - Large Sized Banks 2014
Achiever Award for SME Enablement
Best Mid-Sized Bank, 2013, 2012,

2010, 2009 & 2008
Best Private Sector Bank
Fastest Growing & Strongest Large

Bank, 2011
Money Today - FPCIL Awards

2015 & 2012
Business Today - KPMG Best Banks

Annual Survey
SKOCH Development Summit

& Awards
Best Private Sector Bank (Asset

Class) 2014
Order of Merit
Dun & Bradstreet - Polaris

Software Banking Awards
SKOCH Financial Inclusion and

Deepening Awards 2014
Best Trade Finance Bank in India

- 2015
Best Corporate Trade Finance Deal
in India - 2015
Winner - Payments
Transaction Banking Awards,
London, 2014
Winner for Best ATM Network in Mid

Sized Banks category
Best Cash Management Project in

India - 2015
Best Co-Branded Program
The Enterprise Risk Technology

Implementation - 2015
Best Prepaid Card Program
Special Award for Innovation on

Mobile Payments (IMPS)
The MasterCard Innovation

Awards 2014
National Payments Corporation of

India 2014
Winner - Business Excellence

Award - Services Category
Adjudged World Class Organisation

only Indian bank to win this
Prestigious Global Award
Best Multi-channel Capability &

Best Financial Supply Chain - 2011
Best Commercial Card Program
The Asian Banker Achievement

Awards, Hong Kong
Awarded the Best Performer in

Account Growth Rate Rising
Depository Participants
Pioneering innovation-Incentivizing
Customers by Offering Discount
Coupons on ATMs at the
International Banking Expo 2015
NSDL Star Performers Awards 2014
FINNOVITI Awards
Outstanding Sustainable Project

Financing, 2014
Outstanding Business Sustainability
Achievement, 2013
Karlsruhe Sustainable Finance
Awards, Germany
Awarded High Performance Brand

Award
All India Management Association
& R K Swamy BBDO 2015
Environment Management
Award, 2014
IMC RBNQA Awards, 2013
Chicago, Illinois, USA 2014
Corporate Social Responsibility,

Bangalore, 2013
Ranked 3rd in Excellence in People

Engagement and Satisfaction
Practices
Best Initiative in Financial Inclusion
Global Business Excellence Award,

Dubai, 2013
CII National Excellence Practice

Competition 2014
Asia Trailblazer Awards

Singapore, 2015
Excellence in Social Media
Sustainability Award, London, 2012

Golden Peacock Global Convention
Ranked 2nd best Globally for

Innovative Customer engagement
through Social Media.
Recognized as ET Promising Brand
International Best Practice

Competition, Abu Dhabi 2014
The Economic Times
%HVW7RXULVP)ULHQGO\%DQN3DFLF
Area Travel Writers Association
International Awards
Promising Brands Award 2015
ITB Berlin, 2015
Contents
Corporate Overview
Statutory Reports
About Us .....................................................................................2
Management Discussion and Analysis .......................... 78
Excellence through Expertise .............................................3
Directors Report .................................................................104
Financial Highlights ...............................................................4
Report on Corporate Governance ..................................135
Message from the Non-Executive Chairperson ............6

Managing Director & CEOs Communiqu ......................8
Financial Statements
Standalone Financial Statements
Experience our Expertise ................................................... 12
Independent Auditors Report ........................................158
Robust in Risk Management ............................................. 15
Balance Sheet ......................................................................160
Responsible Banking ........................................................... 16
3URWDQG/RVV$FFRXQW ....................................................161
Expertise in Financial Inclusion ...................................... 18
Cash Flow Statement ........................................................162
Brand and Social Media ..................................................... 19
Schedules ..............................................................................164
Non-Executive Chairpersons ............................................ 20
Consolidated Financial Statements
Board of Directors ................................................................ 21
Independent Auditors Report ........................................210
Management Team ............................................................... 22
Balance Sheet ......................................................................212
Sustainability Review
3URWDQG/RVV$FFRXQW ....................................................213
Sustainability Disclosures ................................................. 31

Annual Business Responsibility Report (ABRR) ......... 68
Cash Flow Statement ........................................................214

Schedules ..............................................................................216
Form AOC I ..........................................................................238

Disclosures under Basel III ........................................238
About us
Corporate Overview
About Us
At YES BANK, our differentiation begins

with a simple word:
YES
Experience our Expertise is not simply a catchphrase
at YES BANK. It is our corporate credo, built on a
foundation of trust, reinforced by knowledge, backed
by cutting-edge technology, governed by transparency,
and commitment to Responsible Banking.
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a high quality, customer centric, service driven, private
Indian Bank catering to the future businesses of India.
6LQFHLWVLQFHSWLRQLQ<(6%$1.KDVIUXFWLHG
into a Full Service Commercial Bank that has steadily
built Corporate and Institutional Banking, Financial
Markets, Investment Banking, Corporate Finance,
Branch Banking, Business and Transaction Banking, and
Wealth Management business lines across the country,
and is well-equipped to offer a range of products
and services to corporate and retail customers. For a
nation on the move after years of sluggish growth, the
banking industry has to play a pivotal role to support
and sustain this growth for the long-term. We are
excited at being able to play our part to Indias growth
story by virtue of our expertise.
Our aim is to provide a consistent and superior
banking experience with simplicity, empathy and
totality, and catalyze higher inclusive growth for
the nation.
Vision
YES BANKs vision is to
become the Finest Quality
Bank of the World in India
by 2020 having evolved its
organizational ethos into the
Professionals Bank of India.
Introduction
Excellence through
Expertise
During the year, we focused on delivering
excellence in banking through our expertise.
Key Milestones FY 2014-15
In FY 2014-15, YES BANK Limited achieved
multiple milestones across new relationship
breakthroughs, optimization of business portfolio
and capital raising through a concerted focus on
executing our Vision and Strategy.
February 2015: /DXQFKHG,QGLDVUVW*UHHQ
Infrastructure bond issue of ` 500 Crores plus
Greenshoe, which saw overwhelming demand and
was closed at ` 1,000 Crores. The amount raised will
EHXVHGWRQDQFH*UHHQ,QIUDVWUXFWXUH3URMHFWVLQ
5HQHZDEOH(QHUJ\3URMHFWVLQFOXGLQJ6RODU3RZHU
:LQG3RZHUDQG%LRPDVV3URMHFWV.30*LQ,QGLDZLOO
be providing the Assurance Services annually, on the
use of proceeds in line with the Green Bond principles.
January 2015: Teamed up with the Overseas Private
Investment Corporation (OPIC), the U.S. Governments
Development Finance Institution, by signing a
memorandum of understanding to explore OPIC
QDQFLQJRIXSWR86'0LOOLRQWRLQFUHDVHOHQGLQJ
to micro, small and medium enterprises (MSMEs) in
,QGLD6SHFLFDOO\86'0LOOLRQRIWKHQDQFLQJ
would be used to support either Micro-SMEs or SMEs
in underserved rural and urban markets. U.S based
lender Wells Fargo Bank, N.A., will act as sponsor and
FROHQGHUWRWKHSURMHFW
households and rural women in Self Help Groups

(SHGs). ADB will also provide technical assistance
IRUFDSDFLW\EXLOGLQJLPSURYLQJQDQFLDOOLWHUDF\
RIZRPHQERUURZHUVOHYHUDJLQJ<(6/($3SURJUDP
for regional expansion and agriculture value chain
integration.
October 2014: Successfully raised USD 422 Million
E\ZD\RI'XDO&XUUHQF\0XOWLWHQRU6\QGLFDWHG/RDQ
Facility. The said facility shall be utilized for general
corporate purposes. The facility has a maturity of 1,
2 and 3 years. The loan has been widely distributed,
with commitments being received from 21 banks,
representing 14 countries across the US, Europe,
Africa, the Middle East, Japan, Taiwan and Australia,
with larger commitment coming in the 2 and 3 year
tranches.
May 2014: Completed allotment of USD 500
0LOOLRQIRU*OREDO4XDOLHG,QVWLWXWLRQV3ODFHPHQW
(Global QIP). The allotment of shares was done
across 114 investors at ` 550 per share. The issue
ZDVRYHUVXEVFULEHGRYHUYHWLPHVJHQHUDWLQJDQ
aggregate worldwide demand of USD 2.5 Billion
from marquee institutional investors across USA,
Europe, Asia and India.
December 2014: Raised USD 200 Million unsecured

loan facility from the Asian Development Bank (ADB).
7KHIXQGVDUHEHLQJXVHGWRQDQFHZRUNLQJFDSLWDO
and investment loans targeted towards small farm
Corporate Overview
Financial Highlights
Total Assets
(` in Crores)
Shareholders Funds
(` in Crores)
2014-15
1,36,170
2014-15
11,680
2013-14
1,09,016
2013-14
7,122
2012-13
99,104
2012-13
5,808
2011-12
73,626
2011-12
4,677
2010-11
59,007
2010-11
3,794
Advances
(` in Crores)
Deposits
(` in Crores)
2014-15
75,550
2014-15
91,176
2013-14
55,633
2013-14
74,192
2012-13
47,000
2012-13
66,956
2011-12
37,989
2011-12
49,152
2010-11
34,364
2010-11
45,939
Capital Adequacy Ratio
(%)
CASA Ratio
(%)
2014-15
15.6
2014-15
23.1
2013-14
14.4
2013-14
22.0
2012-13
18.3
2012-13
18.9
2011-12
17.9
2011-12
15.0
2010-11
16.5
2010-11
10.3
Net NPA
(%)
Gross NPA
(%)
2014-15
0.41
2014-15
0.12
2013-14
0.31
2013-14
0.05
2012-13
0.20
2012-13
0.01
2011-12
0.22
2011-12
0.05
2010-11
0.23
2010-11
0.03
Financial Highlights
Net Interest Income
(` in Crores)
Non Interest Income
(` in Crores)
2014-15
3,488
2014-15
2,046
2013-14
2,716
2013-14
1,722
2012-13
2,219
2012-13
1,257
2011-12
1,616
2011-12
857
2010-11
1,247
2010-11
623
Net Interest Margin
(%)
1HW3URW
(` in Crores)
2014-15
2,005
2014-15
3.2
2013-14
1,618
2013-14
2.9
2012-13
1,301
2012-13
2.9
2011-12
977
2011-12
2.8
2010-11
727
2010-11
2.9
Return on Annual Average Assets
(%)
Return on Equity
(%)
2014-15
1.6
2014-15
19.0
2013-14
1.6
2013-14
25.0
2012-13
1.5
2012-13
24.8
2011-12
1.5
2011-12
23.1
2010-11
1.5
2010-11
21.1
Cost to Income Ratio
(%)
Basic Earnings Per Share
(`)
2014-15
41.3
2014-15
49.3
2013-14
39.4
2013-14
44.9
2012-13
38.4
2012-13
36.5
2011-12
37.7
2011-12
27.9
2010-11
36.3
2010-11
21.1
Corporate Overview
Message from the

Non-Executive Chairperson
...
We, at YES BANK, believe
that good and effective
Corporate Governance
is critical to achieve the
corporate vision and mission
of the organization; it is
more of an organizational
FXOWXUHJRLQJEH\RQGMXVW
the adherence to rules
and regulations.
Ms. Radha Singh,

Non Executive Chairperson
In a differentiated global economic backdrop in FY 2014-15, the Indian

HFRQRP\SRVWHGDQLPSURYHPHQWLQLWVJURZWKLQDWLRQG\QDPLFV6SXUUHG
by the positive change in sentiment associated with the political majority
in May 2014, the global commodity price environment turning benign since
July 2014. The government pushing reforms with gradual incrementalism,
HFRQRPLFJURZWKLVSRLVHGWRDFFHOHUDWHE\ESVHYHQDVUHWDLOLQDWLRQ
GHFHOHUDWHGE\ESVGXULQJWKHQDQFLDO\HDU
With improvement in domestic macros, the rupee remained largely stable, while
money market interest rates declined during FY 2014-15.
Message from the Non-Executive Chairperson
The Reserve Bank of India responded to these gradual

structural economic improvements by cutting the
benchmark repo rate by a cumulative of 50 bps
during Q4 FY 2014-15, and also by absorbing surplus
QHWGROODULQRZVWRWKHH[WHQWRI86'%LOOLRQ
between April-January FY 2014-15.
The Indian Banking industry is poised for growth
on the back of improving overall macroeconomic
sentiment. Policy initiatives taken to revive
infrastructure and manufacturing under the ambit of
Make in India will serve to provide a much needed
impetus to the Indian economy.
<(6%$1.KDVFRQWLQXHGRQLWVJURZWKWUDMHFWRU\LQ
FY 2014-15, while ensuring that it remains focussed
on robust risk management, and is constantly
improving on its superior quality and customer
delivery models. This has resulted in a healthy growth
across all parameters including non-interest income,
stable cost-to-income ratios, branch and ATM footprint
and human capital, while maintaining best-in-class
asset quality. YES BANK also received recognition
across multiple national and international platforms,
owing to continued emphasis on the key pillars of
Growth, Technology, Trust, Transparency, Innovation,
Human Capital and Responsible Banking.
We, at YES BANK, believe that good and effective
Corporate Governance is critical to achieve the
corporate vision and mission of the organization; it is
PRUHRIDQRUJDQL]DWLRQDOFXOWXUHJRLQJEH\RQGMXVW
the adherence to rules and regulations. The Board of
Directors of the Bank comprises personalities who are
accomplished, eminent professionals of the highest
VWDQGLQJKDYHSURYHQWUDFNUHFRUGVLQGLYHUVHHOGV
and have been appointed to the Board in line with the
statutory provisions under the Banking Regulations
$FW&RPSDQLHV$FWDQG(TXLW\/LVWLQJ
Agreements. The current Board of Directors of the Bank
comprises ten Directors, including seven Independent
Directors, strengthening the Banks commitment

to governance. The Board of Directors of the Bank
have established and maintained a strong ethical
environment, and established best-in-class practices
within the Indian banking system.
The Board has formulated several policies pursuant
to the provisions of the Banking Regulations Act
&RPSDQLHV$FWDQGUHYLVHG(TXLW\/LVWLQJ
Agreement, and has also re-constituted/reorganized
the Committees of the Board in terms of the
abovementioned laws/regulations.
During the year under review, the Board of Directors
have extensively engaged with the top and senior
management professionals of the Bank during
various committee meetings of the Banks Board.
Such engagements have provided the Board with
an opportunity to guide and mentor the Banks top
management and ensure long-term sustenance of
the Banks business strategy, while keeping in mind
customer and stakeholder interests.
All steps taken during the year under the overall
guidance of the Board of Directors had ensured that
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the Professionals Bank of India.
Ms. Radha Singh,

Non-Executive Chairperson
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Corporate Overview
Managing Director
& CEOs Communiqu
...
YES BANK has also now
achieved critical mass and
momentum in terms of our
state-of-the-art branch
network with 631 Branches
and 1,194 ATMs across
all 29 States and 7 Union
Territories of India.
Rana Kapoor,
Managing Director & CEO
Dear Shareholder,
When I shared my thoughts with you last, steady recovery in the global
economy was taking shape with growth impulses gaining momentum in
select economies. A lot has changed since the summer of 2014.
Commodity prices saw a sharp correction. Divergent economic performance has led
to variance in monetary policy reactions globally. Central banks in many advanced
and emerging economies provided monetary stimulus in a generalized environment
RIJOREDOGHDWLRQ+RZHYHUWKH86SURYHGWREHDQH[FHSWLRQ,PSURYHPHQWLQ
economic growth prompted the Federal Reserve to start preparing the market for an
eventual normalization in policy rates through measured communication.
Managing Director & CEOs Communiqu
Overall, 2014 ended with unchanged rate of world GDP

growth of 3.4%. In 2015, the uneven global recovery
is likely to continue with the International Monetary
Fund (IMF) expecting world GDP growth to improve
marginally to 3.5%.
Building on the macroeconomic mending process
that began in late FY 2013-14, the Indian economy
has made commendable progress. Strong political
mandate coming from the general elections outcome
in May 2014 supported business, investor, and
consumer sentiment. Thereafter, a supportive global
commodity price environment along with gradual
improvement in governance resulted in increase in
HFRQRPLFRXWSXW/HGE\WKHPDQXIDFWXULQJQDQFH
and electricity sectors, the government expects GDP
growth for FY 2014-15 to come at 7.4% from 6.9%
in FY 2013-14.
,Q)<WKH&3,EDVHGDYHUDJHLQDWLRQIHOOWR
6.0% from an average level of 10.0% over a period
of six years between FY 2008-09 till FY 2013-14. On
external metrics, after correcting to 1.7% of GDP in FY
WKHFXUUHQWDFFRXQWGHFLW&$'LVH[SHFWHG
to improve towards 1.3% in FY 2014-15 as per the
Economic Survey presented in February 2015.
,QDGGLWLRQWKHVFDOGHFLWLVDOVREXGJHWHGWR
moderate to 3.9% of GDP in FY 2015-16 from 4.1%
in FY 2014-15.
Monetary policy has responded to the improving
LQDWLRQWUDMHFWRU\ZLWKWKH5HVHUYH%DQNRI,QGLD
cutting repo rate by a cumulative of 50 bps in Q4
FY 2014-15. The guidance provided by the central bank
signals a continuation of the accommodative stance in
the near future.
Indian economys outlook for FY 2015-16 appears
RSWLPLVWLF&RQXHQFHRIWKUHHFULWLFDOIDFWRUV
benign commodity price outlook, domestic monetary
easing and policy support from the government, is
OLNHO\WRKHOSLPSURYHWKHJURZWKLQDWLRQEDODQFH
International rating agency Moodys, upgraded Indias
sovereign outlook to positive from stable in April 2015.
In FY 2015-16, we expect GDP growth to improve by
ESVDYHUDJH&3,LQDWLRQWRPRGHUDWHE\ESV
and CAD to correct by 40 bps. This should open up
space for 100 bps of incremental monetary easing
during the course of the year.
Given the overall optimism and the fact that the
,QGLDQHFRQRP\LVVHWWRUHFHLYHDPDMRULPSHWXV
owing to prudent policy reforms, YES BANK is all
geared up to capitalize on this momentum with a
renewed vigour and enthusiasm, and establish itself
DVWKH)LQHVW/DUJH%DQNLQ,QGLD,Q)<<(6
BANK took multiple initiatives aimed at readying itself
for accelerated growth, with a focus on action and
quality to achieve size and scale as a large bank
in India.
YES BANK has also now achieved critical mass and
momentum in terms of our state-of-the-art branch
network with 631 Branches and 1,194 ATMs across
all 29 States and 7 Union Territories of India. We have
DOVRLQYHVWHGVLJQLFDQWO\LQRIIHULQJ'LJLWDO%DQNLQJ
services via various channels, while continuing to
ramp up our existing branch network. At YES BANK, we
believe that the future of Banking lies in establishing
D',*,&$/'LJLWDO3K\VLFDOLQIUDVWUXFWXUHZKLFK
FRQVLVWVRIDQHEOHQGRIRILQHDQGRQOLQHFKDQQHOV
employing innovation and technology, combined with
the effectiveness of human touch points as a means of
achieving service excellence.
In FY 2014-15, YES BANK raised over USD 1.2 Billion
by partnering with marquee global investors who have
reposed faith in YES BANKs business model and also
in Indias resurgence as a leading global economy. On
May 30, YES BANK successfully closed a global
USD 500 Million 4XDOLHG,QVWLWXWLRQV3ODFHPHQW (QIP),
Corporate Overview
ZKLFKZDVRYHUVXEVFULEHGYHWLPHVZLWKDGHPDQGRI
USD 2.5 Billion from investors across USA, UK, Europe
and Asia including India.
In October 2014, YES BANK raised a USD 422 Million
dual currency loan, which received commitment from
21 Banks across USA, Europe, Africa, Middle East, Far
East and Australia. Recently, in December, YES BANK
received a USD 200 Million unsecured loan from
the Asian Development Bank, which will be used
WRQDQFHZRUNLQJFDSLWDODQGLQYHVWPHQWORDQV
targeted towards small farm households and rural
women in Self Help Groups (SHGs). In January 2015,
YES BANK also signed an MoU of USD 220 Million
with OPIC, Overseas Private Investment Corporation,
the US Governments Development Finance Institution
to increase lending to micro, small and medium
enterprises (MSME) in India.
In addition, YES BANK has maintained a prudent,
robust balance sheet with best-in-class asset quality
throughout the various challenging economic cycles,
and has grown steadily to a considerable size. YES
BANKs industry leading asset quality is owing to our
proactive risk management frameworks and in-depth
knowledge of our clients and the sectors that they
operate in. A strong balance sheet with minimal asset
quality issues will hold us in good stead, as we aim for
WKHQH[WWUDMHFWRU\RIJURZWKLQWKHFRPLQJGHFDGHWR
achieve large scale in India.
Our ethos of Innovation & Technology has also
enabled YES BANK to reinforce our core banking
offerings to Corporates across the value chain, where
we have developed comprehensive, cutting-edge
product solutions tailored to meet the customized
requirements of our corporate banking clients. YES
BANKs approach of Knowledge Banking continues to
QGUHVRQDQFHDPRQJRXUFRUSRUDWHFOLHQWVZKRKDYH
relied on our expertise in various sectors spanning
across Agribusiness, Infrastructure, Information
7HFKQRORJ\(GXFDWLRQ7RXULVP/LIHVFLHQFHV0HGLD
& Entertainment, Healthcare and MSMEs.
In terms of our human capital strength, YES BANK
KDVDFKLHYHGDVLJQLFDQWPLOHVWRQHLQ)<
crossing the 10,000 mark and the number of YES
BANKers as on March 31, 2015 stood at 10,800.
We have now built a strong team of Professional
10
Entrepreneurs backed by robust leadership who are

working towards YES BANKs vision, as we evolve our
organizational ethos as the Professionals Bank of
India.
Responsible Banking
In the digital age, global boundaries are fast
merging, creating a large global village with a glocal
behavior and a need to balance growth with social
and environmental imperativeness. In this highly
glocalizing world, innovation has emerged as a key
metric to drive positive triple bottom line impact.
I am pleased to advise you that, in line with its
Responsible Banking ethos, YES BANK emerged as a
truly Glocal institution and maintained its razor sharp
focus on innovation to deliver on its responsibility
DVDQDQFLDOLQVWLWXWLRQ+HQFHPDNLQJ5HVSRQVLEOH
Banking the core plank that cuts across functions and
delivers sustainable development outcomes at both
local and global levels.
YES BANK has been actively involved with protocols
established by national and international bodies
including UN Global Compact, CDP, India GHG
Program and TERI Business Council for Sustainable
Development and United Nations Environment
Program Finance Initiative (UNEP FI). The Bank has
strengthened its relationship with UNEP FI, the global
SDUWQHUVKLSEHWZHHQ81(3DQGWKHQDQFLDOVHFWRU
with Ms. Namita Vikas, YES BANKs Chief Sustainability
2IFHUKDYLQJEHHQHOHFWHGDVWKH$VLD3DFLF&KDLU
YES BANK continued to be a benchmark institution for
triple bottom line accounting and reporting, becoming
WKHUVW,QGLDQ%DQNWRUHOHDVHD*5,*6XVWDLQDELOLW\
5HSRUWIRU)<%HLQJWKHUVWEDQNLQJVHFWRU
signatory to the UN Global Compact, your Banks
Communication On Progress (COP) continues to be
at GC Advanced level, showcasing the highest level
of disclosures.
YES BANK launched the Natural Capital Initiative
to develop an ecosystem for appropriate regulatory
framework and disclosure methodologies for natural
capital. YES BANK has also introduced the Natural
Capital Olympiad to raise awareness and educate the
student community about the importance of natural
UHVRXUFHV7RSURPRWHVXVWDLQDEOHQDQFHHVSHFLDOO\
Managing Director & CEOs Communiqu
Natural Capital Accounting, your Bank organized the

UVW6\PSRVLXPRQQDWXUDOFDSLWDO
YES BANK continues to play an active role in
promoting sustainability within stakeholders through
LWVDJVKLSVWDNHKROGHUHQJDJHPHQWSURJUDP<(6
COMMUNITY. Your Bank accelerated its unique
engagement programmes under YES COMMUNITY,
to connect with local communities while utilizing its
branches and branch service areas as knowledgesharing centres for pertinent social and environmental
issues. To augment the community impact of ongoing
VRFLDOUHVSRQVLELOLW\SURMHFWV<(6%$1.ODXQFKHG
several positive impact initiatives under its YES
COMMUNITY umbrella focusing on livelihood security
and enhancement, healthcare and social welfare and
environment sustainability. Through YES COMMUNITY
DORQH\RXU%DQNLPSDFWHGRYHU/DNKVOLYHVDFURVV
the diaspora during the year under review.
YES FOUNDATION, YES BANKs social development
arm was launched in 2012 with a vision of building
an Empowered and Equitable India. The Foundations
LQLWLDWLYH<(6LDPWKH&+$1*(VRFLDOOPPDNLQJ
FKDOOHQJHHPHUJHGDVWKHODUJHVWVRFLDOOP
movement in India, and one of the biggest in the
world. In its second edition, over 10,000 teams from
DOORYHU,QGLDVXEPLWWHGVKRUWOPVZKLFK
ZHUHMXGJHGE\DKLJKO\HPLQHQWMXU\$VSDUWRI
WKHFKDOOHQJHRYHUOPPDNLQJZRUNVKRSVDQG
screenings were conducted across India.
The continued focus on Responsible Banking resulted
in multiple national and international accolades for
YES BANKs sustainability performance, including
the Karlsruhe Sustainable Finance Awards, Germany
IRU2XWVWDQGLQJ3URMHFW)LQDQFLQJDQGWKH%RPED\
Chamber Good Corporate Citizen Award, and the
highest score among Indian Banks on the CDPs
&DUERQ'LVFORVXUH/HDGHUVKLS,QGH[IRU,QGLD
Recognition for our Initiatives

,Q)<<(6%$1.UHFHLYHGVLJQLFDQW
institutional recognitions, awards and accolades
from Indian and global media houses, consulting
organizations and thought leadership forums. YES
BANK was awarded Best Private Sector Bank at the
SUHVWLJLRXV)3&,/0RQH\7RGD\%HVW%DQNV$ZDUGV
2015. YES BANK was also recognized at the Business
Today KPMG Indias Best Banks Awards as a Consistent

3HUIRUPHUDQGIRU%HVW$VVHW4XDOLW\DPRQJ/DUJH
Sized Banks. This is the 7th consecutive year that YES
BANK has been recognized in various categories at the
BT KPMG Indias Best Banks Awards.
YES BANK also received multiple brand recognitions
including Most Promising Brand by The Economic
Times and the prestigious AIMA RK Swamy High
Performance Brand Award. On the Social Media
front, YES BANK received Excellence in Social Media
awards at the RBI Asia Trailblazer Awards, while
being recognized as 2nd Best Globally for Customer
Engagement through Social Media at the International
Best Practice Competition in Abu Dhabi.
The Way Forward

India is witnessing an exciting phase of growth and
YES BANK is fully geared to accelerate into the next
WUDMHFWRU\RIJURZWKZLWKFRQGHQFHDQGFRQYLFWLRQ
In our 11th year of operations, as we embark on
RXUFROOHFWLYHREMHFWLYHWRGROW YES BANK into a
meaningful LARGE bank by 2020, we are committed
to executing our strategic plans by achieving scale,
quality driven by relentless action. Its time to think
bigger, act faster and leap higher with greater vigour,
velocity and enthusiasm towards scaling up the Bank
to newer heights.
2XUUREXVWQDQFLDODQGEXVLQHVVPRGHOVXSSRUWHG
by a widening national branch presence, an inspired
culture of professional entrepreneurship and
teamwork, has put us in a strong position to address
the needs of our clients and move towards our vision
of Building the Finest Quality Bank of the World in
India by 2020.
Thank you.
Sincerely,
Rana Kapoor
11
Corporate Overview
Experience our Expertise in

Knowledge Banking
Our expertise powers the diverse aspirations of customers
in the banking landscape. We believe great ideas can
VRPHWLPHVWDNHLJKWRQO\LIVXSSRUWHGE\VLPSOHDQG
sensible banking solutions. Therefore, we follow a unique
knowledge-based approach that provides customers with
well-informed and customized solutions.
:HKDYHLGHQWLHGVSHFLFJURZWKVHFWRUVRIWKH
Indian economy and developed customized solutions
for industry verticals. Our Knowledge Bankers are
industry experts and offer invaluable and in-depth
insights into customers businesses, thus helping them
develop great ideas and nurture them to fruition at
every stage in the lifecycle of the Company.
7HFKQRORJ\/6,7,QIUDVWUXFWXUH7RXULVP0HGLD

Entertainment, Renewable Energy and Education &
Social Infrastructure, among others.
We cherish the trust of our customers and aim to
create the best possible customer experience by
applying our global values, wherever we operate.
YES BANK has institutionalized dedicated knowledge

teams focused on Food & Agri Business Research
0DQDJHPHQW)$50/LIH6FLHQFHVDQG,QIRUPDWLRQ
YES BANKs Knowledge Banking expertise was recognized by the Ministry of

New & Renewable Energy and the Bank was appointed as the sole Knowledge Partner to the
1st Renewable Energy Global Investment Promotion Meet & Expo (RE-INVEST)
12
Experience our Expertise
([SHULHQFHWKH)LQHVW',*,&$/
Experience
The Indian customer is now globally integrated more than
ever before. The customer expects the highest standards of
service quality. The natural consequence of such a scenario
is that we need to constantly be at the vanguard of banking
excellence, so that those we serve get the best solutions,
ZKHUHYHUWKH\DUH:HEHOLHYHWKDWDQHEOHQGRI'LJLWDO
3K\VLFDO',*,&$/FXVWRPHUVHUYLFHLVWKHZD\DKHDG
Our state-of-the-art branches which now cover each
of the 29 States and 7 Union Territories in India, have
adopted international best practices, top-tier standards
of service quality and operational excellence, and offer
FRPSUHKHQVLYHEDQNLQJDQGQDQFLDOVROXWLRQVWRDOO
our valued customers. Today, we have a widespread
branch network of over 630 branches across 375 cities,
ZLWK$70VDQGWZR1DWLRQDO2SHUDWLQJ&HQWUHV
in Mumbai and Gurgaon.
As a new-age private sector bank, we can feel the
pulse of our customers. Therefore, we have embraced
digital banking by offering banking services through
the internet, mobiles and ATMs.
We have leveraged our social media presence to

provide various touch points to our customers to
engage with the brand at their convenience. We
provide our customers with a rich offering of valueadding content, key product information, contests, and
DOVRXWLOL]HWKLVSODWIRUPWRLQFUHDVHQDQFLDOOLWHUDF\
<(6%$1.FXVWRPHUVDUHH[SRVHGWRWKHQHVWEDQNLQJ
experience, through technology tools and excellent
customer services provided by highly professional and
trained YES BANKers.
Our branch network has now reached a critical size and maturity level resulting in CASA
ratio improving by 110 bps in FY 2014-15 to 23.1% on y-o-y basis.
13
Corporate Overview
Experience our Expertise
Enhancing Team
Expertise
At YES BANK, our expertise is only as rich and varied as our
Team. We invest in our people and help them excel. As the
3URIHVVLRQDOV%DQNRI,QGLDRXUREMHFWLYHLVWRHQFRXUDJH
our people to push their boundaries beyond their comfort
zones, embrace challenges and drive their professional and
personal growth. This is aligned to our ethos of professional
HQWUHSUHQHXUVKLSUHHFWHGLQWKH2ZQHU0DQDJHU3DUWQHU
philosophy.
We have evolved a distinctive and consistent YES
BANK culture across our rapidly expanding pan-India
branch footprint. The Indian economy and resultantly
the banking sector has faced multiple economic cycles
over the past decade. However, we have been able to
strengthen our business model across industry cycles
WKURXJKRUJDQL]DWLRQDODJLOLW\WHQDFLW\DQGH[LELOLW\
We have learnt from experience that despite
challenges, we have to continue investing in employee
WUDLQLQJDQGGHYHORSPHQW&RVWHIFLHQFLHVDUHFULWLFDO
but if we look at the organizations long-term growth
and productivity, empowerment of people takes
the centrestage. YES BANK continues to invest in
training and multi-skilling across locations, functions,
businesses and engagement modes. The Bank has also
introduced employee-focused initiatives that revolve
around empathy, engagement and sensitivity, reinforced
by a robust owner-manager-partner approach.
In FY 2014-15, YES BANK continued to remain an
employer of choice at leading Indian business schools
through our YES Professional Entrepreneurship
Program (Y-PEP). We hired close to 100 management
14
graduates. We continued to balance the recruitment

of top and senior management professionals at one
HQGZLWKPLGGOHMXQLRUDQGJHQHUDOPDQDJHPHQW
professionals at the other.
At YES BANK, our mission is to support the growth
of employees and facilitate strategic development.
7KHUHIRUHZHLQWHQVLHGWKHWUDLQLQJSODQIRU
all employees with the focus on managerial
professional and business employees. In particular,
the Bank promoted the key training programs
including managerial staff training and customer
managers training, and increased the pertinence and
effectiveness of training.
Our culture of excellence encourages our people to
explore, innovate and deliver solutions to our clients that
make YES BANK a distinctive organization to work for.
Robust Risk Management
Robust
Risk Management
At YES BANK, we realize that we are in the business
of managing risks for our clients, investors and other
stakeholders. Hence, our expertise lies in our ability to
comprehensively manage diverse risks.
The risk management culture at YES BANK is top-down
and bottom-up. The Board is eventually responsible
for risk management, which comprises risk governance
and oversight structure and for maintaining an
appropriate internal control framework. The Banks
Board reviews and approves the threshold limits
of risk to be taken in line with the Banks strategic
REMHFWLYHV7KHVHOLPLWVDUHFRQWLQXRXVO\PRQLWRUHGE\
an experienced risk management team and overseen
by the Risk Monitoring Committee, a sub-committee of
the Board. Our risk culture also involves proactive risk
LGHQWLFDWLRQDSSUDLVDODQGDSSURSULDWHWLPHERXQG
LQLWLDWLYHVWRPLWLJDWHULVNZLWKWKHREMHFWLYHWREDODQFH
ULVNVZLWKUHWXUQV7KH%DQNKDVVHWUREXVWULVNOWHUV
and systems that enabled it to detect early warning

signals and embrace appropriate proactive actions.
The Bank continued to strengthen strategic
SDUWQHUVKLSVZLWKVRPHRIWKHEHVWJOREDO,7PDMRUV
ZLWKWKHREMHFWLYHWRGHYHORSLQQRYDWLYHIHDWXUHVWKDW
HQKDQFHGSURFHVVHIFLHQFLHVDQGSURYLGHGVHFWRU
VSHFLFEDQNLQJVROXWLRQVThe development of a robust
business continuity plan addressed risks and secured
the overall transaction environment. The effectiveness
RI<(6%$1.VULVNJRYHUQDQFHZDVUHHFWHGLQEHVWLQ
FODVVLQGLFDWRUVWKH%DQNV1HW13$QRQSHUIRUPLQJ
assets) was among the lowest in the industry at 0.05%,
even in an economically challenging FY 2014-15.
YES BANKs GNPA (%) in comparison with other banks

5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2008
YES Bank
Foreign Banks
2009
2010
Public Sector Banks
2011
2012
Old Private Sector Banks
2013
2014
New Private Sector Banks
All Banks
Source: RBI, DBIE
15
Corporate Overview
Responsible Banking
Technology is a great equalizer, transcending
geographic boundaries and bringing economies
and people closer. The result is a single global
village, where every country can conduct voluminous
economic activity with an ease that didnt exist a few
years ago.
This heightened economic growth has also
created glocal behaviour and the need to balance
growth with social and climate imperatives. In
this highly glocalizing world, where economic,
social and environmental integration is gathering
pace, innovation has emerged as a key metric for
organizational success in being able to deliver
world-class sustainable positive impact.
YES BANK, in its quest to achieving its vision of being
The Finest Quality Bank of the World in India by
2020, has been constantly innovating to deliver on its
UHVSRQVLELOLW\DVDQDQFLDOLQVWLWXWLRQ6LQFHLQFHSWLRQ
it has had a laser-sharp focus on being a sustainable
bank. Such a strategy ushered in Responsible Banking
as the core plank that cuts across all functions
and integrates business strategies, approaches
DQGQDQFLDOWDUJHWV<(6%$1.HQJDJHVZLWKWKH
sustainable development ecosystem nationally
and internationally as a part of its stakeholder
commitment.
Being a home-grown bank, YES BANK has played
an extensive role nationally and internationally by
nurturing and fuelling sustainable development
outcomes. Thus creating overall positive impact
and emerging as a truly glocal institution. This is
demonstrated by the various initiatives by the Bank
under its triple bottomline approach.
Localized investments for global outcomes

YES BANK has been a pioneer in renewable energy
QDQFLQJLQ,QGLD,WKDVDOVRVWUHQJWKHQHGLWV
OHDGHUVKLSSRVLWLRQE\EHFRPLQJWKHUVW,QGLDQEDQN
to launch Green Infrastructure Bonds, in addition to
16
committing to funding 5 GW of renewable energy, at

the 1st Renewable Energy Summit organized by the
Union Ministry of New and Renewable Energy.
Linking global mandates to local impact

Through its innovative community impact programs,
such as YES COMMUNITY, the Bank reaches out to
communities around its branches in all states and
XQLRQWHUULWRULHVRI,QGLD7KHREMHFWLYHLVWREULQJ
them together on a common ground to engage on
issues of global importance, such as the Sustainable
Development Goals.
During the year under review, YES COMMUNITY
WRXFKHGRYHU/DNKVOLYHVWKURXJKRYHU<(6
COMMUNITY events conducted at YES BANK branches
across India. Homes, schools, residential societies,
ROGDJHKRPHVKRVSLWDOVFRUSRUDWHRIFHVFROOHJHV
and other such community stakeholders all came
together on the YES COMMUNITY platform to work
towards a cleaner, healthier, safer, happier and a more
sustainable India.
Within the Natural Capital Initiative, YES BANK has
taken a lead in mainstreaming the pertinent topic
in India. It launched the Natural Capital Olympiad,
a pan-India event endorsed by the Central Board
of Secondary Education, under the initiative aimed
at taking the natural capital concept to schools.
Approximately 10,000 students from 250 schools
participated in the inaugural Olympiad.
<(6%$1.ZDV,QGLDVUVWEDQNWRDFKLHYHWKH
,62FHUWLFDWLRQDJOREDOEHQFKPDUNIRU
Environment Management System. After covering
ORFDWLRQVLQFOXGLQJLWVFRUSRUDWHRIFHVLQ0XPEDL
DQG'HOKLLQWKHUVWSKDVHWKH%DQNDFKLHYHGD
VLJQLFDQWPLOHVWRQHE\FRYHULQJDOOFOXVWHUKXEVLQ
WKHVHFRQGSKDVHRIFHUWLFDWLRQWKLV\HDU
Responsible Banking
During the year under

review, YES COMMUNITY
touched over 5 Lakhs
lives through over 5,800
YES COMMUNITY events
conducted at YES BANK
branches across India.
/WR5*XQHHW0RQJD)LOP3URGXFHU1DPLWD9LNDV&KLHI6XVWDLQDELOLW\
2IFHU<(6%$1.6KDEDQD$]PL)LOP$FWUHVVDQG3UHUDQD/DQJD&(2
YES FOUNDATION launch YES! i am the CHANGE 2014
Linking local voices to global platforms

Driven by the Responsible Banking mandate, YES BANK
has emerged as a key Indian voice at global platforms
discussing the critical issues facing our generation.
The Bank was the only Indian bank to be invited to the
UN Climate Summit in September 2014 in New York at
the behest of the UN Secretary General. YES BANK has
highlighted Indias issues and priorities at several key
global platforms.
Global innovation for local solutions

YES BANK has made innovation the foundation for
developing award-winning products and services that
has a positive socio-economic and environmental
impact among Indias under-banked and unbanked
population. Through innovative business solutions like
<(6021(<<(6/($3<(66$+$-DQG<(6.LVDQ'DLU\
Plus, the Bank positively impacts migrant workers, rural
women self-help groups and agriculturists.
<(6,DPWKH&+$1*(DQDWLRQDOVRFLDOOP
movement by YES FOUNDATION, the Banks social
development arm, achieved the rare distinction of
EHFRPLQJ,QGLDVODUJHVWVRFLDOOPPRYHPHQWDQG
one of the worlds largest. It received over 50,000
registrations from all corners of India who submitted
VKRUWOPVRQLVVXHVFORVHWRWKHLUKHDUWV
7KHVKRUWUPVDPSOLHGWKURXJKVFUHHQLQJVDFURVV
hundreds of schools, colleges, Bank branches,

and on social media, have touched many more
lives worldwide.
Establishing a new benchmark for transparency
and triple bottomline accounting and reporting,
ZHEHFDPH,QGLDVUVWEDQNWRUHOHDVHDQH[WHUQDOO\
assured sustainability report adhering to the GRI
G4 reporting framework. We also became the only
,QGLDQQDQFLDOLQVWLWXWLRQWREHLQFOXGHGRQWKH
&DUERQ'LVFORVXUH/HDGHUVKLS,QGH[RIWKH&'3IRU
four consecutive years, scoring highest among all
UHSRUWLQJQDQFLDOLQVWLWXWLRQV<(6%$1.VKDUHVD
VWURQJUHODWLRQVKLSZLWK81(3),DQGLVWKHUVW,QGLDQ
signatory to this global partnership between UNEP
DQGWKHQDQFLDOVHFWRU7KH%DQNLVHOHFWHGWRLWV
Global Steering Committee and sits on the Board of
the Banking Commission. In addition, the Bank is on
the Advisory Board of the Portfolio Carbon Initiative,
which is putting together a global framework to map
QDQFHGHPLVVLRQV
Responsible Banking, thus, has been YES BANKs
unique value proposition to deliver on its key
sustainable development and corporate social
UHVSRQVLELOLW\REMHFWLYHVWKURXJKDQLQQRYDWLYHDQG
integrated approach that bridges the Banks global
ambitions with its local mandate.
17
Corporate Overview
Expertise in Financial Inclusion
Expertise in
Financial Inclusion
At YES BANK, we believe helping build an inclusive India
is our corporate mandate, and we are excited at being a
part of this movement for social change. We are using our
expertise to widen opportunities for disadvantaged sections
of society.
In line with its Responsible Banking vision of
mainstreaming sustainability within its core business
operations and cognizant of the needs of The Next
Billion customers, YES BANK has institutionalized a
special division, Inclusive & Social Banking (ISB). ISBs
mandate is to reach out to unbanked and underbanked population by leveraging our branch network,
technology edge and relationship capital in the public,
private and social sectors. Working with the guiding
principle of Frugal Innovations for Financial Inclusion
(FI4FI), ISB has been developing award-winning
innovative and viable business models, and fostering
relevant partnerships for seamless implementation.
5HPLWWDQFHVHUYLFHDQG<(6/($3
(product suite for self-help groups or SHGs).
As on March 31, 2015:
YES BANK has also been given a USD 220 Million

loan from the Asian Development Bank to further its
LQLWLDWLYHVDQGQDQFHZRUNLQJFDSLWDODQGLQYHVWPHQW
loans targeted towards small farm households
and rural women in SHGs. Some of the Banks key
LQLWLDWLYHVWRSURPRWHQDQFLDOLQFOXVLRQLQFOXGH<(6
SAHAJ (Mobile Transaction Kit); YES MONEY (Domestic
YES LEAP reported more than 90,000 credit

and savings-linked self help groups with a total
outstanding loan of ` 1,248 Crores
18
YES SAHAJ had recorded 8.2 Lakhs transactions

with a corresponding transaction value of
` 878 Crores
YES MONEY had more than 29,000 Business
Correspondent Agents enrolled through 17
Business Correspondents serving over 32 Lakhs
customers. The service reported 199 Lakhs
transactions with a volume of ` 8,148 Crores
Brand and Social Media
Brand and Social Media

Our branding strategy revolves around the positivity
exuded by one single word. YES. It underlines the twin
ethos of service and trust and the promise to deliver
a superlative banking experience. We have always
pursued a differentiated branding approach in line
ZLWKRXUREMHFWLYHRIEHFRPLQJWKH)LQHVW4XDOLW\
Bank of the World in India.
,Q)<<(6%$1.EHFDPH,QGLDVUVWSULYDWH
sector bank to be awarded the prestigious AIMA RK
Swamy High Performance Brand Award by the All
India Management Association. YES BANK was also
recognized by Economic Times at the Most Promising
Brands awards in 2015.
,Q)<<(6%$1.KDGHQWHUHGLQWRDYH\HDU
SDUWQHUVKLSZLWKWKH3HSVL,QGLDQ3UHPLHU/HDJXH
,3/WKHIRUHPRVWFULFNHWLQJHYHQWLQ,QGLDDQGRQH
of the most watched sports events in the world, as the
/HDJXHV2IFLDO&HQWUDO3DUWQHU)LQDQFLDO6HUYLFHV
Category). This landmark sporting event promotes the
Spirit of cricket globally and recognizes talent from

within India and beyond its boundaries.
YES BANK has strengthened its focus and is
LQYHVWLQJVLJQLFDQWO\RQQHZDJHPHGLDDQGGLJLWDO
technologies to achieve a deep customer engagement
experience. The Bank has successfully exploited the
digital space, tapping into its unlimited possibilities.
<(6%$1.LVDPRQJWKHPRVWDFWLYHQDQFLDOEUDQGV
on social media with:
1.8 Million fans on Facebook (Indias fastest

growing bank on Facebook and the worlds second
IDVWHVWJURZLQJQDQFLDOEUDQG
400,000 followers on Twitter (most followed bank
in India); and
29,000 followers on LinkedIn (with industryleading engagement rate).
YES BANK has been noted for having the best resolution time among all brands in the BFSI sector in India, and the
highest share of voice in terms of social media mentions with commendable engagement. YES BANKs leadership
role in digital and social media implementation has been recognized by leading social media websites and also
received accolades from prominent national and global institutions. YES BANK received an award for Excellence
in Social Media from the Retail Banker International Asia Trailblazer Awards 2015 for its use of social media for
customer engagement and service in an innovative manner.
1.8 million +
fans on FB
Fastest Growing Indian BFSI

Brand on Facebook & Twitter
2nd Fastest Growing BFSI Brand
on Facebook in the world
Social Bakers May 2014
INDIAS
MOST
FOLLOWED
BANK ON
TWIT TER
400,000 +
followers on Twitter
First in Share of Voice on

Social Media
Undisputed leader on Twitter
Simplify 360 May 2014
19
Non-Executive Chairpersons
Corporate Overview
Non-Executive Chairpersons
20
Ms. Radha Singh,
Mr. M.R. Srinivasan,
)URP2FWREHUWLOOGDWH
)URP-XQH-XQH
Mr. S.L. Kapur,
Late Mr. Ashok Kapur,
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)URP6HSWHPEHU1RYHPEHU
Board of Directors
Board of Directors
Ms. Radha Singh,
Mr. Ajay Vohra,
Mr. Brahm Dutt,
Mr. Diwan Arun Nanda,
Non-Executive
Part-Time Chairperson
Independent Director
Mr. M. R. Srinivasan,
Lt. General (Retd.)

Mukesh Sabharwal,
Mr. Ravish Chopra,
Mr. Saurabh Srivastava,
Non-Executive
Non-Independent Director
Mr. Vasant V Gujarathi,
Mr. Rana Kapoor,
Managing Director
& CEO
21
Corporate Overview
Management Team
Abhay Sapru,
Aditya Sanghi,
Ajay Desai,
Ajay Mehta,
President
Group President
Senior President
President
Ajit Chandgude,
Akash Prasad,
Akshay Sapru,
Amit Sureka,
President
President
President
Senior President
Amit Dhawan,
Amit Kumar,
Amit Shah,
Anand Ganesan,
Senior President
Group President
President
President
22
Management Team
Anand Bais,
Anand Bajaj,
Anindya Datta,
Anup Purohit,
President
President
Group President
Senior President
Aparajit Bhandarkar,
Arun Agrawal,
Aseem Gandhi,
Ashish Agarwal,
President
Group President
Senior President
Senior Group President
Ashish Chandak,
Asit Oberoi,
Aspy Engineer,
Astitwa Pandey,
President
Group President
Senior President
Senior President
23
Corporate Overview
Management Team Contd.
Chitra Pandeya,
Group President
Deepak Kumar
Mandhwani,
Deodutta Kurane,
Devamalya Dey,
Group President
Group President
Gaurav Goel,
Jaideep Iyer,
President
Dhavan Shah,
Ganesh Narayanan,
President
President
Senior President
Jyoti Gandhi,
Jyoti Prasad Ratho,
K. Somasundaram,
Kanwar Vivek,
President
Senior President
Senior President
Senior President
24
Group President
Management Team
Kapil Juneja,
Karan Ahluwalia,
Kingshuk Chakraborty,
Lata Dave,
Senior President
President
Senior President
Senior President
Malcolm Athaide,
Manish Vora,
Manish Agarwal,
Manoj Phadnis,
Senior President
Senior President
President
President
Manoj Ralhan,
Munindra Verma,
Namita Vikas,
Narendra Dixit,
President
Senior President
Senior President
President
25
Corporate Overview
Neelesh Sarda,
Nikhil Sahni,
Nipun Jain,
Niranjan Banodkar,
Senior President
Senior President
President
President
Nirav Dalal,
Nitin Puri,
Nitin Sane,
P P Doraiswamy,
Group President
President
President
President
P Rakesh,
Parag Gorakshakar,
Pawan Kumar Agrawal,
Peacho Dhaul,
Managing Director
Senior President
President
President
26
Management Team
Pralay Mondal,
Pramesh Khanna,
Pran Jain,
Preeti Sinha,
President
President
Senior President
Punit Malik,
R Ramanujam,
R. Ravichander,
Rajat Monga,
Group President
President
Group President
Rajat Mehta,
Rajeev Mahajan,
Rajesh Jhunjhunwala,
Rajesh Thapar,
President
Senior President
President
President
27
Corporate Overview
Rajiv Anand,
Rajnish Datta,
Rakesh Arya,
Ramanand Pulavarti,
Senior President
Senior President
Senior President
President
Ratan Kesh,
Rinki Dhingra,
Ritesh Pai,
Sandip Kar,
Senior President
Senior President
Senior President
President
Sanjay Palve,
Sanjay Agrawal,
Sanjay Mandavkar,
Sanjay Nambiar,
Senior President
Senior President
Group President
28
Management Team
Sanjeev Pandey,
Sanjiv Misra,
Santosh Mishra,
Satya Mohapatra,
President
Senior President
President
President
Shivanand Shettigar,
Shubhada Rao,
Subramanian Ayyar,
Sumit Gupta,
President
Senior President
President
Group President
Sumit Kakkar,
Surendra Jalan,
Sushil Budhia,
Swati Dakalia,
Senior President
Group President
Managing Director
President
29
Management Team
Corporate Overview
Tushar Pandey,
Umesh Gore,
Vijay Kumar,
Senior President
President
Senior President
Vijaykumar
Ramakrishna,
President
Vikas Dawra,
Vinod Bahety,
Vinod Lund,
Vivek Bansal,
Managing Director
Senior President
President
President
Warren Patrick,
Yogesh Shetye,
Yogesh Budhiraja,
Yogesh Kapoor,
President
President
President
President
30
Sustainability Disclosures
Glocalizing Responsible
Banking in India
Introduction
While developed and developing economies are
striving to balance between growth, ecology and social
parameters, technology is bridging the physical barriers
once faced by countries. Global boundaries are fading
thus creating a glocal effect, wherein challenges, both
global or local are addressed with global or local
solutions with permutation and combinations. The
phenomena of Glocalization, therefore has emerged as
a new world order, which is helping countries operate
within a circular economy.
,Q VXFK D FLUFXODU HFRQRP\ QDQFLDO VRFLDO DQG
environmental integration is gathering momentum, with
innovation emerging as a key metric for organizational
success in being able to deliver world-class sustainable
positive impact. The triple bottom line accounting
assumes importance and an integrated balance sheet
is the way forward.
YES BANK, in its quest to achieving its vision
To be the Finest Quality Bank of the World in India by
2020, has been constantly innovating to deliver on its
UHVSRQVLELOLW\ DV D QDQFLDO LQVWLWXWLRQ DQG UHSRUWLQJ
this publicly since FY 2006-07.
Right since inception, YES BANK has incorporated the
ethos of Responsible Banking, through which it has
been mainstreaming sustainable development and
aligning it with core business strategies of the Bank.
It has evolved with an inclusive approach wherein it
successfully engages with the sustainable development
ecosystem nationally and internationally in order to
maximize stakeholder value.
Given its impressionable footprint, YES BANK is
recognized for being a thought leader, which not only
focuses on sustainable development outcomes at local
but also the global level, thus creating overall positive
impact and emerging as a truly Glocal institution. This
LVGHPRQVWUDWHGE\WKHYDULRXVUVWWRPDQ\LQLWLDWLYHV
by the Bank under its Triple Bottom Line approach, the

starting point of which is the comprehensive mapping
of the Banks wide stakeholder spectrum and identifying
and prioritizing its material issues.
Through an extensive stakeholder exercise, which
LQFOXGHG PDWHULDOLW\ LGHQWLFDWLRQ DQG SULRULWL]DWLRQ
the Bank in the previous reporting cycle, categorized
its stakeholders into three broad groups upstream,
downstream and in-stream based on the level of
LQXHQFHDQGLPSDFWWKDWWKHVWDNHKROGHUJURXSVH[HUW
on the Bank.
YES BANKs Broad Stakeholder Groups
Upstream
In-stream
Downstream
Thus, through its focused approach towards each of

these stakeholder groups, YES BANK is mainstreaming
its sustainable development agenda from the highest
level of decision making to the most disadvantaged at
the Bottom of the Pyramid.
31
1. Upstream
YES BANKs upstream stakeholders include the
regulators, government, investors and media, act as
NH\LQXHQFLQJIRUFHVWKDWLPSDFWWKH%DQNVEXVLQHVV
environment.
Through programs and initiatives that engage directly
with its upstream stakeholders, YES BANK continues
to work towards establishing its case for sustainable
development at the highest level.
1.1 Thought Leadership

YES BANK has forged strong ties with national and
global thought leaders, multi-laterals, and governments
to release knowledge reports that are aimed at
LQXHQFLQJ SROLF\ GHFLVLRQV SRVLWLYHO\ LPSDFWLQJ
society, environment and the industry at large.
At the international level, YES BANK was part of the
International Expert Panel guiding The Climate Groups
study on off-grid energy business models in India.
The Study is part of the report titled The Business
Case For Off-Grid Energy In India funded by Goldman
Sachs. The Bank also contributed to the UNEP Finance
Initiatives report Stability and Sustainability in Banking
Reforms which looks at the relevance of systematic
environmental risks to banking sector stability.
In India, the Bank released key knowledge reports in
partnership with TERI BSCD on E-waste management,
QDQFLQJ HQHUJ\ HIFLHQF\ LQ WKH 060( VHFWRU DQG
proposing a multi-stakeholder approach towards the
rejuvenation of the Ganges river. In its role as the
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to increase renewable energy investment in India, thus
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E-waste management in India The Corporate

Imperative
This study, based on multi-stakeholder responses and
feedback, would help the e-waste value chain players
vis--vis Government, industry, regulatory bodies like
32
the pollution control boards, NGOs, recyclers, consumers

and informal sector to understand the criticality of
the issue and to work together. This report brings out
perspectives on the challenges, gaps and key drivers for
WKHHIFLHQWPDQDJHPHQWRIHOHFWURQLFZDVWHLQ,QGLD
The onus of tackling the e-waste problem is a joint
responsibility of both consumer and producer. While
there is a critical need for consumers to consciously
choose brands which follow take-back policies;
producers have to ensure their producers responsibility
by suitably collaborating with their peer companies
and incentivizing the consumers to return electronic
equipment at end of its life. It is essential that the
government strictly enforces the e-waste rules, which
became mandatory in 2012 and develop a mechanism
to strengthen the process of penalizing those who fail
to comply.
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in MSMEs
This Knowledge Paper puts together the experience
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and by discussing their appropriateness and relevance
through one on one consultations with stakeholders,
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It seeks to highlight the key challenges faced by the
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Paper looks into the current technological ability of the
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critique on the uptake of various government schemes
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to the need for synergy between public and bank
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of the Government alone; but it calls for nationwide

initiatives including individuals, communities, research
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to Clean Ganga has resulted in renewed momentum
that should be utilized to create a framework and instil
processes to align community, business and policy
objectives, across central, state and district levels.
The Paper highlights how such a framework would
bring all stakeholders, right from senior government
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highly effective ecosystem resilience that would
address environmental, ecological and anthropological
aspects. It further addresses how a robust decision
making paradigm and public-private partnership
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the spirit of enterprise at a very local level, boosting
local employment opportunities. The attempt is to
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methods, structured public-private partnerships that
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polluted river in the world.
Ganga: An Inclusive Multi-Stakeholder Approach

The White Paper, released after extensive consultations
across a wide spectrum of stakeholders, recognizes
that rejuvenating the Ganga is not the responsibility
33
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34
Increasing Renewable Energy Investments in India:

Realizing Synergies
The Report highlights that the environment in India is
conducive to bringing the resource pool, talent pool,
and the markets need for access to power, together
to realize the investment potential in the Indian
Renewable Energy sector.
The Report has four critical distinct sections with the
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perspective on renewable energy investments in
India. It also looks at the human, technological and
natural resources present in India, which are important
ingredients to create a synergy for increasing investments
into the sector.
The Report was released at the RE-Invest Summit,
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Energy, Government of India, at New Delhi.
1.2 Global Engagement on Sustainable

Development
YES BANK has taken a leadership position among its
Indian banking peers in mainstreaming the sustainable
development agenda at the global stage. As signatories
to key global coalitions, such as the UNEP Finance
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Capital Declaration and CDP, the Bank has put forth the
Indian viewpoint on key issues such as climate change,
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YES BANK shares a strong relationship with UNEP FI and
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been elected to its Global Steering Committee and sits
on the Board of the Banking Commission. In addition,
the Bank is on the Advisory Board of the Portfolio
Carbon Initiative, which is putting together a global
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for the UN Climate Summit held in New York City in
September 2014, where the Bank committed to a target
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periodic upward revision, based on the clean energy
market expansion in India.
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of Working Group I of the Natural Capital Declaration,
a joint initiative of the UNEP FI and Global Canopy
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Program of the World Resources Institute, and sits on
its Advisory Board.
During the year, YES BANK was a part of several
global platforms on sustainable development and
climate change.
35
FRUSRUDWH VHFWRU 060( VHFWRU 01&V *RYHUQPHQW

departments and multilateral agencies in sectors
such as dairy, agri-inputs, food processing, SEZs,
food parks and terminals, skill development, rural retail
and various aspects of rural infrastructure and supply
chain. In FY 2014-15, FASAR had undertaken 10 new
advisory mandates on Agri-Infrastructure, Public-Private
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1.2 FASAR
In line with YES BANKs approach towards being a
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comprising industry specialists with immense sectoral
knowledge and relevant experience and expertise in
the conceptualization and implementation of food and
agri initiatives.
FASAR works with a broad range of stakeholders,
including local, state and national governments,
FASAR conducts in-depth research on various subsectors of Food and Agriculture domains and has
published insightful knowledge reports on key topics
VXFKDVELRWHFKQRORJ\IRRGSURFHVVLQJDQGRQVSHFLF
sectors of the rural economy such as sugar, dairy and
skill development. The team also anchors knowledge
pool development for thought leadership in the media.
In the reporting period, FASAR partnered with the
0LQLVWU\RI)RRG3URFHVVLQJ,QGXVWULHV*RYHUQPHQWRI
India to organize the National Conference on Spurring
Financing and Investments in the Food Processing Sector,
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in the strategically important food processing sector
in India, also releasing a joint knowledge report at the
Conference.
The teams other key publications during the year
were on Indian seed industry, dairy sector, cold chain,
and partnerships with Australian Trade Commission,
National Seed Association of India, Indian Dairy
Association, and the Netherlands Agro, Food and
Technology Centre, India.
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36
During the year, the Bank, with support from the

Australian Trade Commission, organized a dairy
delegation to Australia to facilitate cooperation between
the two countries in various sub-sectors of the dairy
industry. Led by professionals from the cooperative and
private dairy sector, the delegation was instrumental in
evaluating trade opportunities and exploring tangible
collaborations.
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3ORXPHQ0LQLVWHUIRU)RUHLJQ7UDGHDQG'HYHORSPHQW
Cooperation, The Netherlands, and a trade delegation
including key representatives of the Government, policy
makers and the industry from India as well as The
Netherlands, at the residence of the Ambassador of The
Netherlands to India.
YES BANK Partners Netherlands Agro, Food and

Technology Centre to Boost Indo-Dutch Agri
business Collaboration
7KH 6WUDWHJLF *RYHUQPHQW $GYLVRU\ 6*$ GHOLYHUHG

on key mandates during the year for various state
governments and quasi-government bodies on tourism
and business development.
In a major boost to the development of multi-focal,

multi-sector agri-business in India, YES BANK entered
into a strategic partnership with the Netherlands Agro,
)RRG DQG7HFKQRORJ\ &HQWUH 1$)7& ,QGLD D QRGDO
Dutch agency which facilitates business development
for its members in India, to leverage the value that
globally competitive technologies, systems and
processes can contribute to furthering of development
of Food and agri sector in India.
The partnership shall leverage the complementary
strengths of the two organizations to bring in dynamic
changes in the agri-business association between
the two countries. As part of the agreement, the
two parties will work towards the development of
farming communities, agri-infrastructure, agro-based
industries and skill development initiatives across
sectors including agriculture, dairy, horticulture, animal
husbandry and food processing.
1.3 Strategic Government Advisory
SGA led several mandates on tourism development

for state governments, including preparation of
vision documents, approach notes and road maps. In
addition, SGA was appointed as a consultant by a state
governments Department for Tourism for implementing
an ADB funded project on community based tourism.
Strengthening its advisory portfolio, SGA was
empanelled as advisor to various government bodies
DQG VLJQHG DQ 0R8 ZLWK ,7&27 &RQVXOWDQF\ DQG
Services Limited, Chennai, a public limited company,
to explore joint business development in Government
advisory space.
In addition to its various mandates, the Unit released a
knowledge report, Roadmap: Positioning Bengal as Indias
Leading Investment Destination, released at the Bengal
Global Business Summit 2015 at Kolkata, West Bengal.
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37
2. In-Stream
YES BANKs in-stream stakeholders are the pillars
on which it stands. During the reporting cycle, the
Bank bolstered its existing policies and practices to
strengthen this critical stakeholder group, and launched
several key initiatives in learning and development, and
environmental mitigation.
2.1 Finest Human Capital

YES BANK has steadily evolved as the Professionals
Bank of India, which is the cornerstone of sustained
VXFFHVV RI WKH QHVW +XPDQ &DSLWDO UHVRXUFHV 7KH
sustained growth of YES BANK over the past 11 years
is based on the key pillars of Growth, Trust, Technology,
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7KH+XPDQ&DSLWDO0DQDJHPHQW+&0SUDFWLFHVDW<(6
BANK are targeted at developing the YES BANK brand
as an Employer of Choice. YES BANK aims to build a
culture that supports Professional Entrepreneurship,
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for all its stakeholders by creating a differentiated
Banking Paradigm.
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Finest Quality Bank of the World in India By 2020, the
most gratifying aspect is the development and growth
opportunities available to our Executives, to further
strengthen their Capacity and Capability for tectonic,
orbit changing growth of YES BANK in its NEW, LARGE
SIZE phase commencing from April 1, 2015 up to 31st
0DUFK
Health and wellness

YES STEPATHLON - A race around a virtual world
As part of its YES PERSONALITY initiatives, YES
BANK launched an innovative wellness initiative,
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designed to help employees become more physically
active through a fun, team-oriented and relevant format.
38
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Preventive Healthcare
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DQG UROO RXW 9DFFLQDWLRQ &DPSV LQ FRRUGLQDWLRQ ZLWK
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vaccination at discounted rates. In order to encourage a
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a bulletin that provided health and safety tips.
Group Mediclaim Policy
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its employees and their families to provide enhanced
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with the Group Term Life Insurance Policy.
Employee Performance Management
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manages the performance of executives ensuring
timely, unbiased and transparent appraisal process
for all executives. The Bank follows an annual review
cycle, with every executive undergoing a multi-level
performance valuation. The Bank evaluates performance
purely on merit. The ratio of basic salary for men and
women at the Bank is 1:1.
Employee Satisfaction Barometer
At YES BANK, we strongly believe that an engaged team
of YES BANKers is critical in achieving our business
goals and building a sustainable organization. In an
effort to make YES BANK a Great Place to Work, we had
partnered the Great Place to Work Institute, India for
the 3rd year to undertake an independent Executive
Engagement Survey and assessment of our workplace
cultural practices.
My Voice
In line with the Banks objective to provide a consistent
and superior service experience for its employees, the
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providing executives with a simple, easy-to-use platform
to post inquiries/grievances with in-built tracking and
escalation mechanisms for effective monitoring and
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H[HFXWLYHV DV TXHULHV DOVR UHDFK WKH +HDG RI +&0
business unit.
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queries received to identify the concern areas.
$QDO\VLV 5HSRUWV ZHUH VKDUHG ZLWK +HDG +&0 DQG
corrective actions were undertaken. No cases of
discrimination were reported by employees during
the year.
My Voice Analysis by Category FY 2014-15

8
5
25
11
Compensation
Other
Leave / Attendance
Ideas for improvement/
Cost Saving
YES for YOU
12
18
21
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306
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DJHRIUHVSHFWLYH\HDUVWRWDO
100
80
5
28
60
11
6
14
14
40
20
0
56
66
29
36
26
22
11
34
45
50
35
2010-11 2011-12 2012-13 2013-14 2014-15

Feedback
Grievances
Suggestion
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,QVXUDQFH0HGLFODLP5HLPEXUVHPHQWVDQG6DODU\ 7D[
My Voice Distribution by Management Level

The Trust Index Score for YES BANK increased over the
last 2 years across all dimensions viz. Credibility, Pride,
Respect, Fairness and Camaraderie. Additionally, the
score on the overriding statement Taking everything
into account, I would say this is a great place to work
VLJQLHVWKDWRQWKHZKROH([HFXWLYHVQG<(6%$1.WR
be a Great Place to Work.
My Voice Analysis by Type
80
1
1
20
60
43
100
40
20
0
35
41
36
19
21
34
38
3
26
21
50
5
27
30
38
2010-11 2011-12 2012-13 2013-14 2014-15

7RS0DQDJHPHQW
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team. The charts below depict the extensive use of the tool
across all regions.
My Voice Distribution Branch

Banking Region-wise
Great Place to Work Institute is a global management

UHVHDUFKDQGFRQVXOWLQJUPZKLFKFRQGXFWVUHVHDUFK
and recognizes leading workplaces in more than
45 countries. Great Place to Work Institute, India
conducted this survey across various organizations in
India as a part of the Indias Best Companies to Work
For 2015 Survey.
100
80
60
40
20
0
5
13
14
37
12
19
22
6
11
20
8
33
12
4
20
6
26
9
12
13
15
16
16
24
5
14
18
33
26
35
2010-11 2011-12 2012-13 2013-14 2014-15

East
South
005
North
West
NCR
39
HCM Risk Containment Unit

In line with the highest standards of corporate
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fraud.
their individual action plans to Ram Charan, which was

duly shared with them individually for tracking/closure.
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'DWDp )RUHQVLF 7RRONLWp )7.p GXULQJ )<
to examine mails sent outside Banks domain for data
security and to detect unauthorized usages, becoming
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YES SCHOOL OF BANKING
In todays dynamic knowledge economy, it is imperative
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pool that will provide the organization a sustained
Competitive Advantage.
YES BANK has always emphasized on a Knowledge
driven approach with the objective of focusing on
capability development, and being aspired as an
employer of choice for the brightest and best quality
+XPDQ&DSLWDO7KLVLVWKHFRUQHUVWRQHRI<(6%$1.V
evolution as the Professionals Bank of India.
.H\ +XPDQ &DSLWDO 2UJDQL]DWLRQDO 'HYHORSPHQW
and Learning initiatives at YES BANK are domiciled
under the aegis of YES 6&+22/2)%$1.,1*<6%
institutionalized in 2007 with a vision to create a centre
of excellence for learning solutions in banking and
related areas.
Training Programs fall under the following broad categories:
1. Behavioral and Leadership skills
(PSOR\HH,QGXFWLRQLQFOXGHV.<&$0/
0DQGDWRU\3ROLFLHVDQGFRPSOLDQFH
4. Process training
5. Product training
Executing Strategies for Growth by Ram Charan

With the objective of enhancing SCALABILITY, SKILLS
and SPEED, YSB organized an exclusive workshop on
Executing Strategies for Growth by Ram Charan, noted
business advisor, speaker and author, for the top 110
YES BANK Leaders, so that they embody and align
their behaviors and actions to execute their business
strategies/plans in line with YES BANKs vision for 2020.
The workshop concluded with all Leaders submitting
40
YES BANK Leaders at the exclusive workshop on Executing Strategies

IRU*URZWKE\5DP&KDUDQDW0XPEDL
Where Eagles Dare Workshop

The workshop, conducted for leaders from key business
units, equipped participants with the strategies to
transform their mindset to be able to collaborate and
achieve their aspirational targets.
The workshop was structured to achieve the following Build a shared vision for change
Establishing TRUST between Control Functions
and Business Banking teams
BREAKING SILOS between teams
Effectively DELEGATING responsibilities
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common goal
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which plays a pivotal role in building the YES BANK
brand as a Preferred Employer of Choice among the
best Ivy League Institutions in India and overseas.
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engagement program for global future Young Leaders
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the Transformation Series was conceived in 2010 as a
global case-study challenge with the underlying ethos
of Innovation, Creativity and Transformation.
Through the program, the Bank reaches out to the
brightest young minds in leading universities across
the world and provides them with an experiential
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dimension to learning, thus enabling them to creatively

present their solutions for real business issues.
Captains of the industry, thought leaders, academicians,
entrepreneurs and journalists have been associated
with this program as Jury members or as part of the
Advisory Council.
The third edition of the program was launched in
campuses across India, with 8,080 students competing
for a cash prize of ` /DNKV 7KH UVW WZR HGLWLRQV
had seen a participation of over 5,000 students from
campuses across the world.
The Transformation Series Advisory Council includes:

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Services
3. Dr. Bhaskar Das - Group CEO, Zee News
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Industries Limited
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conceived with the belief that Indias future as a global
socio-economic powerhouse lies in realizing the
untapped potential of its youth.
The Banks driving vision in founding the program is
to provide a grooming platform for outstanding young
leaders, who would lead India into its next wave of
socio-economic growth.
Team OpportuNITIE, from NITIE, Winners of the YES BANK

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The program will offer individual scholarship of ` 2

Lakhs each to 30 YES ASPIRE Scholars chosen from 25
Premier B-Schools across the country. The Scholars will
also have an opportunity to interact with entrepreneurs,
Captains of the Industry and thought leaders.
41
YES Udaan
YES BANK is associated with Project UDAAN, an
ambitious project undertaken in partnership with
WKH 0LQLVWU\ RI +RPH $IIDLUV DQG WKH 1DWLRQDO 6NLOO
'HYHORSPHQW &RUSRUDWLRQ 16'& WR SURYLGH WUDLQLQJ
and employment opportunities to the youth of Jammu
.DVKPLU
In the second Edition of the project, it received 700
applications which were screened through an Online
Aptitude Test followed by the Final selection interview.
40 students have been selected who have gone through
ULJRURXVWKUHHPRQWKFXVWRPL]HG&HUWLFDWLRQSURJUDP
&HUWLFDWLRQLQ%DQNLQJ)XQGDPHQWDOV
YESPROFESSIONAL ENTREPRENEURSHIP PROGRAM
(Y-PEP)
Y-PEP, the Banks innovative and institutionalized
talent acquisition program, continues to strengthen
YES BANKs position as an Employer of Choice across
premium B-School campuses, and create a strong talent
pool to drive the Banks future growth.
MY Learning@YES
7R UHDIUP WKH %DQNV YLVLRQ RI EHFRPLQJ7KH )LQHVW
Quality Bank of the World in India by 2020, enhancing
6NLOOV6SHHG 6FDOHDUHNH\RUJDQL]DWLRQDOIRFXVDUHDV
During the year, YES BANK launched its online Learning
0DQDJHPHQW 6\VWHP0< /HDUQLQJ#<(6 ZLWK DQ DLP
to enhance skills via scalable deployment of training

programs, with speed, to ensure pan-India coverage
thereby enhancing performance, improving compliance,
operational and process controls as per regulatory
requirements.
0< /HDUQLQJ#<(6 VXSSRUWV HOHDUQLQJ DV ZHOO DV
classroom training and would cater to the need for
planning, conducting and recording all key aspects
of instructor led training programs. Additionally, the
System has features such as versatile training calendar,
training schedule management, feedback mechanism
and management information system.
YESsentials Induction Program
YESsentials continues to be YSBs high impact
induction program that trains new employees on
key essential areas that every YES BANKer must be
aware of and imbibe, including the YES Bank story, the
Banks key differentiators, YES Brand and its business
XQLWV ,PSRUWDQWO\ WKH ,QGXFWLRQ 3URJUDP LV WKH UVW
critical training for employees on key regulatory and
compliance issues, including Know Your Customer
.<& DQG $QWL0RQH\ /DXQGHULQJ $0/ JXLGHOLQHV
information security, products and processes, and
+XPDQ &DSLWDO 0DQDJHPHQW 3ROLFLHV DQG 3URFHGXUHV
During the reporting period, 133 induction programs
were conducted for 3,357 executives, and 890 executives
ZHUHLQGXFWHGWKURXJKWKH(/HDUQLQJ0RGXOH
Employee training programs conducted

Total training programs conducted
Total executives trained in programs above
FY 2014-15
1,596
9,275
FY 2013-14
1,198
8,322
FY 2012-13
1,008
5,846
FY 2014-15
7,648
1,627
9,275
FY 2013-14
6,969
1,353
8,322
FY 2013-14
350
1,755
2,302
3,915
8,322
FY 2012-13
87
1,450
1,650
2,659
5,846
Employees trained by gender

0DOH
Female
TOTAL
Employees trained by management category
Senior management
0LGGOHPDQDJHPHQW
Junior management
General management
TOTAL
42
FY 2014-15
483
2,044
2,762
3,986
9,275
Training programs by category

Behavioral and leadership skills
Employee induction
0DQGDWRU\SROLFLHVDQGFRPSOLDQFH
Process training
Product training
TOTAL
FY 2014-15
338
140
158
59
901
1,596
FY 2013-14
77
199
133
53
736
1,198
FY 2012-13
70
124
101
188
525
1,008
Participant man-days
Participant man-days per executive
FY 2014-15
30,946
2.86
FY 2013-14
32,814
3.7
FY 2012-13
25,400
3.8
*Participants Man-days Includes resigned executives
Training targets/plans for next year

)RFXV$UHDVIRU/HDUQLQJ 'HYHORSPHQW
(QKDQFLQJFRPSOLDQFHFXOWXUH6\VWHPV&RQWUROV 3URFHVVHV
Improving productivity
Enhancing quality
Service orientation/attitude
Increased speed and agility for execution
Scaled up value added training based on tenure
Specialized Units formed to enable Learning and Development for different segments
(PSOR\HH3UROHE\JHQGHU
Gender
0DOH
Female
(PSOR\HH3UROHE\0DQDJHPHQW&DWHJRU\
0DQDJHPHQW&DWHJRU\
7RS0DQDJHPHQW
6HQLRU0DQDJHPHQW
0LGGOH0DQDJHPHQW
-XQLRU0DQDJHPHQW
*HQHUDO0DQDJHPHQW
(PSOR\HH3UROHE\DJH
Age
Below 30
30-50
Above 50
FY 2014-15
8,875
1,935
FY 2013-14
7,330
1,468
FY 2012-13
5,569
1,099
FY 2014-15
103
442
2,386
3,248
4,631
FY 2013-14
82
323
2,028
2,674
3,691
FY 2012-13
58
241
1,593
1,946
2,830
FY 2014-15
5,001
5,793
16
FY 2013-14
4,076
4,714
8
FY 2012-13
3,280
3,380
8
+&0GDWDGRHVQRWLQFOXGHHPSOR\HHVRI<(6FOUNDATIONDQG<(66HFXULWLHV,QGLD/LPLWHG
43
2.2 Environmental Mitigation

In line with its commitment to achieve internal natural
UHVRXUFH FRQVXPSWLRQ HIFLHQFLHV DQG PLQLPL]LQJ
LWV FDUERQ IRRWSULQW <(6 %$1. KDG EHFRPH WKH UVW
commercial bank in India to achieve the ISO 14001:2004
FHUWLFDWLRQLQJHWWLQJRILWVORFDWLRQVFHUWLHG
,Q 3KDVH ,, RI FHUWLFDWLRQ RI WKH %DQNV (QYLURQPHQW
0DQDJHPHQW 6\VWHP <(6 %$1. ORFDWLRQV LQFOXGLQJ
FOXVWHU KXEV DQG FRUSRUDWH RIFHV KDYH EHHQ ,62
FHUWLHG
Through a greater owner-manager-partner behavior and
participation among all relevant internal stakeholders, the
Bank has been able to demonstrate its strict compliance
ZLWKWKHUHTXLUHPHQWVRIWKHFHUWLFDWLRQDQGVWUHQJWKHQ
its measurement and management of its carbon footprint.
7KH FHUWLFDWLRQ LV EDVHG RQ WKH %DQNV (QYLURQPHQWDO
0DQDJHPHQW 3ROLF\ WKDW ZDV UHOHDVHG LQ DQG UPO\
RXWOLQHV WKH %DQNV FRPPLWPHQW WR DFKLHYH D UHGXFWLRQ
in its carbon emissions intensity through broad-level actions.
Extensive awareness campaigns and training programs
conducted throughout the year help in involving all the
employees to collaboratively work towards reaching this goal.
7R REWDLQ WKH FHUWLFDWLRQ WKH VHOHFWHG ORFDWLRQV
XQGHUZHQW D ULJRURXV DXGLW E\ %XUHDX 9HULWDV WKH WKLUG
party assessor, which assessed the Bank on conformity
ZLWK WKH FHUWLFDWLRQ VWDQGDUGV LWV DELOLW\ WR LPSOHPHQW
all planned objectives and targets, and the awareness and
training of its employees. Third party surveillance audits
ZHUHDOVRKHOGDWORFDWLRQVRIWKHUVWSKDVHLQRUGHU
WRDVVHVVWKHFRQWLQXLW\RIWKH3'&$3ODQ'R&KHFN$FW
process as per the standards requirement. After a rigorous
month long audit, the assessors, in the audit report, stated
WKDW <(6 %$1. KDV UPO\ HPEHGGHG HQYLURQPHQWDO
FRQVLGHUDWLRQVDFURVVDOOLWVRSHUDWLRQVWRZDUGVHIFLHQWO\
managing its environmental and operational risks.
The Bank aims to achieve the third phase of growth in
achieving ISO 14001:2004 compliance in the coming
QDQFLDO\HDU
Environmental Mitigation Initiatives

Aggressive awareness creation around electricity,
paper, water, diesel conservation in day to day
activities through:
Wide circulation of resource conservation
mailers, signage and posters
44
Periodical
trainings
on
Environmental
0DQDJHPHQW6\VWHPWKURXJKPDQGDWRU\TXL]]HV
workshops, among others
Involvement of employees in ideas generation
and their implementation
A gradual shift towards paperless banking: Being a
QDQFLDOVHUYLFHVLQVWLWXWLRQSDSHULVDPDMRUUHVRXUFH
consumed at the Bank. In an effort to reduce its paper
consumption, the Bank has undertaken following
initiatives though IT solutions and digitization
products
'RFXPHQW'LJLWL]DWLRQ1(:*(1 The initiative
aims to reduce paper used in account opening
DQG YHULFDWLRQ IRUPV WKURXJK GLJLWL]DWLRQ RI
GRFXPHQWDWLRQ DQG YHULFDWLRQ 7KH SURMHFW
done with the Banks partner NEWGEN, has saved
6,056,095 sheets of A4 size paper in the Banks
retail operations, based on the estimated number
of sheets typically required for these forms. The
project begun with Accounts Opening and trade
products but the pace of implementation of
NEWGEN across various products in the Bank has
now increased
YES ACTS: Digitization of Annual Insider Trading
GHFODUDWLRQV OOHG E\ HPSOR\HHV VDYLQJV RI
around 3,900 sheets annually
YES Pay: Digitization of all employee
reimbursement claims such as mobile, local
conveyance, outstation travel, staff welfare and
staff relocation, through the YES Pay System.
The initiative was started in October 2014 and
resulted in total paper saving of 55,298 A4 size
sheets by the end of the reporting period.
/(' 7XEH OLJKWV SURMHFW DW ,)& 0XPEDL The
FRQYHQWLRQDO7WXEHOLJKWVZHUHUHSODFHGZLWK/('
OLJKWV DW WKH %DQNV FRUSRUDWH RIFH DW ,)& 0XPEDL
The installation of 2,714 LED tube lights is expected
to result in a saving of 196,765 KWhr of energy per
year.
E-waste - The Bank has taken a proactive approach
WRZDUGVKDQGOLQJLWVHOHFWURQLFZDVWH(ZDVWH,WKDV
HPSDQHOOHG&HQWUDO3ROOXWLRQ&RQWURO%RDUG&3&%
authorized third party E-waste handlers for disposal of
its E-waste from its locations across India. In FY 201415, the Bank responsibly disposed 1,750 kilograms of
e-waste which included desktops, printers and laptop
hardware, UPS, and server hardware.
Apart from these initiatives, the Bank has several

initiatives underway that target energy conservation
DQG HIFLHQF\ LQFOXGLQJ 6(06 WKH RIIVLWH $70
monitoring system, password based printing, LED
VLJQDJH PRWLRQ VHQVRUV DW FHUWDLQ RIFH ORFDWLRQV
increased usage of video-conferencing to reduce
employee travel, record management at branches,
branch timing rationalization, and campaigns to

increase employee awareness. In addition, the Bank
is also test-running installation of GPS trackers
LQ YHKLFOHV XVHG LQ RIFH RSHUDWLRQV 7KH %DQN
encourages branches to lead their own mitigation
initiatives and shares best practices across branches.
Performance of environmental parameters*

Parameter
Scope 1
Scope 2
Scope 3**
7RWDOVFRSH
Diesel Consumption
Grid Electricity consumed
6FRSH HPLVVLRQLQWHQVLW\SHUHPSOR\HH
Units
tCO2e
tCO2e
tCO2e
tCO2e
Litres
0:K
tCO2e/ FTE
FY 2014-15
1,046
28,960
864
30,006
395,401
35,317
2.78
FY 2013-14
717.6
24,681
986.4
25,399
265,549
33,319
2.88
FY 2012-13
922
24, 527
N.A
25, 459
348, 616
26, 198
3.62
*Data for March 2015 has been extrapolated on the basis of the average of 11 month actual data
** Scope 3 includes Business Air Travel
Leadership in Climate Awareness and Disclosures

<(6%$1.ZDVWKHUVW,QGLDQEDQNLQJVLJQDWRU\WRWKH&'3
and has been reporting on its greenhouse gas emissions
VLQFH,QWKHUHSRUWLQJSHULRGWKH%$1.EHFDPHWKHUVW
,QGLDQ QDQFLDO LQVWLWXWLRQ WR EH RQ WKH &OLPDWH 'LVFORVXUH
Leadership Index for four consecutive years.
:LWKDVFRUHRIWKH%DQNVFRUHGKLJKHVWDPRQJDOOQDQFLDO
institutions on the Index, and improved on its score of 81 in
the previous reporting cycle.
RQWKHODVW6DWXUGD\RI0DUFKEHWZHHQ30DQG30
The Bank continued its partnership with Grow Trees and gifted
745 trees to its external stakeholders including customers
and partners. These trees are planted at ecological hot spots
around the country on their behalf, including Kanha National
3DUN 0DGK\D 3UDGHVK .XPEKDOJDUK 6DQFWXDU\ DQG 6DULVND
Tiger Reserve, Rajasthan and Sundarbans National Park,
West Bengal.
During the reporting period, YES BANK partnered with the

:RUOG :LOGOLIH )XQG ::) DQG DQQRXQFHG LWV VXSSRUW IRU
WKH (DUWK +RXU RQH RI WKH ODUJHVW JOREDO DZDUHQHVV
campaigns on climate change, where millions of people
around the globe switch off non-essential lights for one hour
45
3. Downstream
YES BANKs downstream stakeholder spectrum,
comprising its customers, the industry and economy its
operates in, and the community at large, is the most
important stakeholder group that the Bank exists for.
Through innovative products and services, positive
impact initiatives and far reaching partnerships,
the Bank has been successful in mainstreaming its
sustainability and corporate responsibility mandate
across the continuum.
3.1 Financial Inclusion Inclusive and Social

Banking
Financial Inclusion is an important developmental
goal for India, not only for achieving inclusive growth
but also for greater social justice. It remains a critical
determinant of social inclusion for the poor and
the vulnerable. YES BANK, as it crosses 10 years of
institutional excellence, has focused on inclusive
growth of emerging India through innovative
business models and forging partnerships for seamless
implementation.
Working with the guiding principle of Frugal
,QQRYDWLRQVIRU)LQDQFLDO,QFOXVLRQ),),WKH%DQNKDV
systematically leveraged ICT and frugal business models
to run appropriate products and services catering to the
under-banked and unbanked population in India.
YES BANKs Inclusive and Social Banking unit
,6% RIIHUV SURGXFWV DQG VHUYLFHV LQFOXGLQJ GLUHFW
micro-credit, micro saving and micro insurance and
remittance services across various geographical and
socio-economic contexts. Through YES LEAP, ISBs
DJVKLSSURJUDPLQUXUDO,QGLDWKH%DQNKDVQDQFHG
RYHU6+*VVSUHDGLQGLVWULFWVWKXVGLUHFWO\
UHDFKLQJ RYHU ODNK IDPLOLHV<(6 6$+$- WKH %DQNV
award winning and globally recognized technology
solution platform offers doorstep banking services
XVLQJORZFRVWWHFKQRORJ\,QXUEDQ,QGLD<(6021(<
a multi-channel domestic remittance service, offers low
cost, safe and highly accessible remittance platform to
migrant labourers who wish to transfer funds to their
native villages and towns. ISBs latest success, the YES
46
.LVDQ'DLU\3OXVRIIHUVDERXTXHWRIQDQFLDOVHUYLFHV
to dairy farmers.
Towards creating a multiplier effect through larger
FROODERUDWLRQV<(6%$1.ZDVWKHUVWSULYDWHEDQNWR
take advantage of new RBI norms allowing scheduled
FRPPHUFLDO EDQNV WR DSSRLQW 1%)&V 1RQ%DQNLQJ
)LQDQFH &RPSDQLHV DV WKHLU EXVLQHVV FRUUHVSRQGHQWV
The move will allow YES BANK to offer its products and
VHUYLFHVIRUWKHERWWRPRIWKHS\UDPLGWKURXJK0XWKRRW
Finances over 4,000 branches across India, and further
WKHFDXVHRIGLJLWDOQDQFLDOLQFOXVLRQLQWKHFRXQWU\
The Indian dairy sector is estimated at USD 70 Billion,

ZLWK WKH OLYHVWRFN VHFWRU FRQWULEXWLQJ WR
DJULFXOWXUDO *'3 DQG FRQWULEXWLQJ WR OLYHVWRFN
GDP. Given the dairy sectors importance in the rural
economic landscape, YES BANK had launched the YES
.LVDQ'DLU\3OXVDVDFRPSUHKHQVLYHVXLWHRIQDQFLDO
products for the dairy sector.
,Q WKH UVW SKDVH RI LPSOHPHQWDWLRQ WKH %DQN KDV
collaborated with one of the largest dairies in South
India. An automatic milk testing machine installed at
the partnering dairy can provide immediate inputs on
the quality and quantity of milk supplied by the small
dairy farmer, who can be paid immediately through YES
Kisan Diary Plus, into his saving account. The farmer
UHFHLYHV D FRQUPDWLRQ RI SD\PHQW WKURXJK D PRELOH
text message, and has two options to either leave the
amount in his account or make withdrawals using YES
6$+$-WKH%DQNVPRELOH$70VROXWLRQ
<(6 021(< WKH %DQNV LQQRYDWLYH DZDUG ZLQQLQJ

domestic remittance model, leverages existing cash
remittance technologies in India, vast spread of local
family owned retail stores and its pan-India network of

bank branches, to meet the remittance needs of millions
of migrant, unbanked and under-banked population
in India.
<(6021(<RSHUDWHVRQDFXVWRPEXLOWPXOWLFKDQQHO
platform, the Remittance Knowledge Bridge which
synergizes a local store, a computer and an internet
FRQQHFWLRQLQWRDIXOOHGJHG%XVLQHVV&RUUHVSRQGHQW
Partner of the Bank.
approximately ` 8,148 crore. The service has one of

the lowest charges to enable the maximum number of
customers to afford this service.
Since its launch, the product has seen a steady growth
in the Business Correspondent partners, users and
transactions.
Working within the regulatory guidelines of the Business

Correspondent model of the RBI, the available electronic
fund transfer technology in India, the Bank took advantage
of Indias deep mobile penetration to develop a smooth,
cheap and customer friendly service that is available to
users all across the country at any time of the day.
The product has also contributed to reducing the number

of potential paper that would have been consumed using
traditional banking for remittances. By virtue of executing
DOPRVW0LOOLRQWUDQVDFWLRQVZKLFKZRXOGKDYHW\SLFDOO\
used half a sheet of A4 size paper each, the service has
potentially saved nine and a half million sheets of paper.
Similarly, the product also reduces the footprint generated
when a user has to travel to a bank branch, perhaps
multiple times, to make a transaction.
<(6021(<DFKLHYHGDPDMRUPLOHVWRQHLQWKHUHSRUWLQJ
period by crossing over USD 1.3 Billion in remittances
since its launch, with the total value of remittances at
<(6021(<ZDVSUHVHQWHGDVDEHVWSUDFWLFHDWWKH$IULFDQ
Development Bank Conference on Cross Border Payments,
demonstrating its strong potential for replication.
YES MONEY
Number of Business Correspondents*
1XPEHURIWUDQVDFWLRQVGRQHLQ/DNKV
7RWDOYDOXHRIWUDQVDFWLRQV`LQ&URUHV
1XPEHURI8QLTXHVHQGHUVLQ/DNKV
FY 2014-15
17
95.16
3,882.22
13.89
FY 2013-14
15
77.56
3,186.54
12.81
FY 2012-13
11
21.34
822.54
3.85
* Cumulative as on March 31, 2015

** For 2014-15
Further innovating on the Business Correspondent

PRGHOWKH<(6 /($3 /LYHOLKRRG(QKDQFHPHQW$FWLRQ
3URJUDPLV<(6%$1.VYHUVLRQRIWKH6HOI+HOS*URXS
6+* %DQNLQJ /LQNDJH SURJUDP ZKHUHLQ WKH %DQN
SDUWQHUV ZLWK 6HOI +HOS 3URPRWLQJ ,QVWLWXWLRQV WR
SURYLGHFRPSUHKHQVLYHQDQFLDOVHUYLFHVWR6+*V
Through YES LEAP, the Bank has reached over 12
Lakhs predominantly rural households in 250 districts
WKURXJK LWV %XVLQHVV &RUUHVSRQGHQW 3DUWQHUV %&
7KH%&VRSHUDWHRXWRIORZFRVWRIFHVHPSOR\LQJ
approximately 3,400 feet on street staff for outreach.
The Bank is enhancing the program by introducing

WDEOHWV WKDW WUDFN 6+* SD\PHQWV DQG UHFHLSWV WDNH
SLFWXUHV RI 6+* PHHWLQJV DQG JURXS UHFRUGLQJV SOD\
health and hygiene messages and track the movement
of the agent.
$OO WKH 6+*V OLQNHG WR WKH <(6 /($3 SURJUDP DUH
ZRPHQFHQWULF 6+*V WKXV VWUHQJWKHQLQJ ZRPHQ
HPSRZHUPHQWLQUXUDO,QGLDDQGWKHLUQDQFLDOVHFXULW\
At present, YES LEAP is functioning in 17 states, and the
Bank is looking to enter more states.
47
YES LEAP
Number of Business Correspondents*
1XPEHURIVDYLQJVOLQNHG6+*V
7RWDORXWVWDQGLQJYDOXHLQVDYLQJVOLQNHG6+*V`LQ&URUHV
1XPEHURIFUHGLWOLQNHG6+*V
7RWDOORDQRXWVWDQGLQJLQFUHGLWOLQNHG6+*V`LQ&URUHV
FY 2014-15
46
47,580
47.4
76,854
1,248
FY 2013-14
35
28,677
27.2
39,034
647.2
FY 2012-13
26
4,617
9.79
7,900
155.24

** For FY 2014-15
<(6 -RLQW /LDELOLW\ *URXS -/* LV WKH %DQNV ODWHVW

initiative to provide banking services to the bottom
of the pyramid in rural, semi-urban and urban India.
The initiative is based on the Joint Liability Group
methodology where in the term loans provided to
individual members of a JLG is provided for income
generation and achieving social development. Through
WKH SURGXFW WKH %DQN ZLOO SURYLGH GLUHFW QDQFLQJ
in partnership with other institutions such as NBFC
PLFURQDQFH LQVWLWXWLRQV ZKR KDYH D ZLGH QHWZRUN
LQ ,QGLD WR UHDFK WR WKH PRVW QHHG\ DQG QDQFLDOO\
excluded segments.
To reach the millions at the bottom of the pyramid

in the farthest corners of the country with banking
services, it has become necessary to develop innovative
solutions that can overcome the limitations of
traditional banking. With this aim, YES BANK developed
<(6 6$+$- DV DQ LQQRYDWLYH ORZ FRVW 0LFUR$70 WKDW
marries technological innovation, Indias strong mobile
penetration with existing principles for mobile banking
DQGWKH%&PRGHO<(66$+$-DOVRDFWVDVDNH\SODWIRUP
for the collection and remittance operations of YES
/($3DQG<(6021(<
<(6 6$+$- KDV SURFHVVHG RYHU ODNK WUDQVDFWLRQV
with an aggregate value of over `&URUHVWLOO0DUFK
31, 2015.
YES SAHAJ
7RWDO6HUYLFH2IFHUV&63V
7RWDO9DOXHRI7UDQVDFWLRQV`LQ&URUHV
FY 2014-15
1,835
553.32
FY 2013-14
752
295.57
FY 2012-13
270
21. 24

** For FY 2014-15
3.2 Scaling Up Impact At The Bottom Of

The Pyramid
Scaling up YES BANKs Lending to Rural Women

Self Help Groups
During the reporting period, YES BANK established new

alliances and raised funds from international lenders
WRVFDOHXSLWVEDQNLQJRIIHULQJVLQPLFURQDQFH6+*
OHQGLQJ060(OHQGLQJDQGDJULEXVLQHVVGHYHORSPHQW
In a major boost to YES BANKs lending to the bottom

of the pyramid in rural and urban India, the Bank raised
86' 0LOOLRQ LQ DQ XQVHFXUHG ORDQ IDFLOLW\ IURP
WKHUHJLRQDOGHYHORSPHQWQDQFLDOLQVWLWXWLRQ$VLDQ
'HYHORSPHQW%DQN$'%
In addition, the Bank launched several training and

awareness programs targeted at enhancing livelihood
enhancement and sustainability practices among
060(VDQGDJULFXOWXUHVHFWRUV
48
The Bank shall utilize the funds to lend the Indian

UXSHH HTXLYDOHQW DPRXQW WR QDQFH ZRUNLQJ FDSLWDO
and investment loans targeted towards small farm
KRXVHKROGVDQGUXUDOZRPHQLQ6+*V
ADB will additionally provide a capacity development

WHFKQLFDO DVVLVWDQFH JUDQW RI XS WR 86' 0LOOLRQ
which the Bank would use towards capacity building,
LPSURYLQJ QDQFLDO OLWHUDF\ RI ZRPHQ ERUURZHUV DQG

for leveraging its highly successful YES LEAP program
for agriculture value chain integration.
ADBs capital investment and technical assistance will provide

VXVWDLQDEOH QDQFH WR ORZ LQFRPH ZRPHQ DQG WKHLU IDPLOLHV ,Q
addition to income generation via female self-help groups, the project
WDUJHWV VPDOO IDUPHUV WR DOORZ WKHP WR EHQHW IURP DJULFXOWXUDO
value chains and enhance their productivity through better access to
PDUNHWVDQGLQYHVWPHQWQDQFH
Todd Freeland, Director General, ADB Private Sector Operations
7KLVVLJQLFDQWFRPPLWPHQWIURP$'%UHLWHUDWHVRXUIRFXVWRZDUGV
UHVSRQVLEOHEDQNLQJDQGIXUWKHULQJWKHQDQFLDOLQFOXVLRQDJHQGDLQ
our country. YES BANK has been a pioneer in rural banking through
LWVDZDUGZLQQLQJ<(6/($3DQG<(6021(<SURJUDPVDQGWKLVORDQ
from ADB will provide further acceleration as we aim to achieve our
ORQJWHUPJRDOVRIVFDOLQJRXUDJULEXVLQHVVDQG6+*ORDQJURZWK
Rana Kapoor, MD & CEO, YES BANK
YES BANK boosts its lending to the MSME sector

According to the World Bank, viable and addressable
GHPDQG IRU WKH 060( VHFWRU OHQGLQJ LQ ,QGLD GHEW
surpasses supply by USD 48 Billion, a shortfall that holds
back the transformative effect a thriving entrepreneur
class can have on a developing economy. This gap is
particularly pronounced in Indias low income states,
ZKHUHDSSUR[LPDWHO\WZRWKLUGVRIWKH060(GHEWJDS
resides.
,Q D PRYH WKDW ZLOO VLJQLFDQWO\ VFDOH XS LWV OHQGLQJ
FDSDFLW\ WR WKH YLWDO 060( VHFWRU LQ ,QGLD<(6 %$1.
VLJQHG D VLJQLFDQW 0HPRUDQGXP RI 8QGHUVWDQGLQJ
with the Overseas Private Investment Corporation
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XS WR 86' 0LOOLRQ WR LQFUHDVH OHQGLQJ WR 060(V
LQ,QGLD6SHFLFDOO\86'0LOOLRQRIWKHQDQFLQJ
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in underserved rural and urban markets. US based
Lender Wells Fargo Bank, N.A, would act as sponsor and
co-lender to the project.
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,QGLDQQDQFLDOLQVWLWXWLRQVLQFHWKHIRUPDWLRQRIDQHZ
*RYHUQPHQWDWWKH&HQWUH7KH0R8UHLQIRUFHVWKHIDLWK
UHSRVHGE\JOREDOGHYHORSPHQWQDQFHLQVWLWXWLRQVLQ
YES BANKs inclusive business model, and will further
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a multiplier effect on job creation and consequently on
the Indian economy.
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President and CEO, traveling with the American
President Barack Obama on his historic visit to India for
its Republic Day celebrations in 2015.
49
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0DQDJLQJ'LUHFWRU &(2<(6%$1.DQG+(5LFKDUG5DKXO9HUPD86$PEDVVDGRUWR,QGLDDWWKHVLJQLQJRIWKH0R8LQ1HZ'HOKL
In addition to tying up critical funding sources for

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DJULFXOWXUHDQG6+*VHFWRUV<(6%$1.ODXQFKHGVHYHUDO
NH\LQLWLDWLYHVWKDWDLPHGDWUDLVLQJDZDUHQHVVQDQFLDO
literacy and training entrepreneurs and professionals in
these sectors.
YES BANK partners with KPMG and Global Reporting
Initiative (GRI) to launch the Business Transparency
Program initiative for the MSME Sector
7RHQKDQFHEXVLQHVVWUDQVSDUHQF\DQGQDQFLDOERWWRP
OLQHVLQWKH060(VHFWRULQ,QGLDWKURXJKWULSOHERWWRP
line reporting and accounting, YES BANK partnered
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,QLWLDWLYH%XVLQHVV7UDQVSDUHQF\3URJUDP*5,%73IRU
LWV6PDOODQG0HGLXP(QWHUSULVH60(FOLHQWV
8QGHUWKH3URJUDP.30*ZKLFKLV*5,VFHUWLHGSDUWQHU
WRFRQGXFWWKLVZRUNVKRSLQ,QGLDZRXOGKHOS60(VLQ
saving costs, get global visibility, provide a dashboard
WRPRQLWRUDQGUHYLHZFULWLFDOQRQQDQFLDOSDUDPHWHUV
develop internal capacities for sustainability reporting,
provide a customized tool for identifying critical
sustainability issues and prepare a sustainability report
in line with the latest GRI G4 framework.
Given the Banks conviction towards Sustainable
'HYHORSPHQWWKHHQWLUHQDQFLDOFRPPLWPHQWIRUWKH
program was borne by YES BANK. Depending on the
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expand this project to other clients.
50
3.3 Sustainable Investment Banking

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knowledge-based advisory and investment banking
practice in the clean energy sector scaled up its
existing mandates during the year and partnered with
key national and global stakeholders to enhance YES
BANKs presence in this space.
Commercializing Australian Clean Coal

Technology in India
India has a large demand-supply mismatch in thermal
coal production, and power plants suffer from a general
unavailability of superior quality coal. In this context,
Coldry technology, a clean coal innovation, developed
and patented by the Australian company Environmental
&OHDQ7HFKQRORJLHV (&7 RIIHUV DQ HIFLHQW DQG FRVW
effective solution.
YES BANK had engaged with ECT in the previous
reporting cycle to bring the technology, which can
produce energy-rich thermal coal equivalent fuel that
KDV a OHVV PRLVWXUH FRQWHQW DQG a KLJKHU
FDORULFYDOXHLQWR,QGLD
Working across the stakeholder spectrum, the
SIB team has made considerable progress in the
commercialization of this technology in India.
Roadmap for commercializing Coldry Process
Commercialization, Value
Pilot Plant
Ideation
Identifying
EPC
partners
Commercialization
strategy
Comm. and Tech.

feasibility
Detailed Engg.
and costing
Installing
commercial plant
Partnering with
project developer
In progress
SIBs key actions during the reporting period were:

Partnering with Indian EPC players for delivering
high quality, economically feasible Coldry plants in
India and globally SIB advised ECT in partnering
with Thermax Ltd for indigenous design and
HQJLQHHULQJ RI WKH SODQW UHVXOWLQJ LQ D
reduction in capital expenditure cost and enabling
the technology to become commercially viable
6,% LV DGYLVLQJ (&7 IRU VHWWLQJ XS WKH UVW
commercial demonstration plant in India and
crossed two important milestones:
,GHQWLFDWLRQ RI 3URMHFW 3DUWQHU (&7 LV LQ
advance stages of discussions with Neyveli
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Development Corporation for setting up the
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SIB advised ECT in negotiating the partnership
leading to signing of a tripartite agreement
Working with ECT and Thermax, SIB assisted in
developing detailed engineering and costing,
and developing the projects technical and
commercial feasibility
SIB is now working closely with ECT to execute
GHQLWLYHGRFXPHQWVZLWKYDULRXVSDUWLHVIRULQVWDOOLQJ
WKHUVWFRPPHUFLDOSODQWLQ,QGLD
YES BANK Recognized as Knowledge Partner at

the RE-INVEST 2015
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LVWKHUVWPDMRUSODWIRUPIRULQYHVWPHQWSURPRWLRQLQ
WKH5HQHZDEOH(QHUJ\5(VHFWRUFRQQHFWLQJWKHJOREDO
investor community with RE stakeholders within India.
In a clear demonstration of its commitment to the
Renewable Energy sector, YES BANK was recognized as
the pro-bono Knowledge Partner for this key summit
held in February, 2015 in New Delhi.
,QDXJXUDWHGE\WKH3ULPH0LQLVWHURI,QGLD6KUL1DUHQGUD
0RGLWKH6XPPLWVDZSDUWLFLSDWLRQIURPNH\PLQLVWHUV
of the Union Government, over 200 investors, 350
exhibitors, 2,000 delegates, from across 40 countries,
including representatives from the RE industry,
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private sector enterprises, regulatory authorities, central
and state governments, research institutions and
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and the Indian Renewable Energy Development Agency
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The 3-day Summit received Green Energy Commitments
*(&ZRUWK*:IURPGRPHVWLFDQGLQWHUQDWLRQDO
organizations. At the Summit, the Bank announced
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DQG EHFDPH WKH UVW SULYDWH VHFWRU EDQN WR PDNH D
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7KHLQDXJXUDO5HQHZDEOH(QHUJ\*OREDO,QYHVWRUV0HHW
DQG([SR5(,19(67RUJDQL]HGE\WKH0LQLVWU\RI
51
3L\XVK *R\DO >0LQLVWHU RI 6WDWH ,QGHSHQGHQW &KDUJH 3RZHU &RDO DQG 1HZ 5HQHZDEOH (QHUJ\ *RYHUQPHQW RI ,QGLD@ 0LFKDHO %ORRPEHUJ
)RXQGHU &(2%ORRPEHUJ/37KH%DURQHVV6DQGLS9HUPD3DUOLDPHQWDU\8QGHU6HFUHWDU\'HSDUWPHQWRI(QHUJ\DQG&OLPDWH&KDQJH8.$MD\
6KULUDP&KDLUPDQ 6HQLRU0''&06KULUDP/LPLWHG5DQD.DSRRU0DQDJLQJ'LUHFWRU &(2<(6%$1.DQG9LQHHW0LWWDO&R)RXQGHUDQG
0DQDJLQJ'LUHFWRU:HOVSXQ(QHUJ\DWWKH3OHQDU\6HVVLRQ,QGLD7KH1HZ,QYHVWPHQW'HVWLQDWLRQIRU5HQHZDEOH(QHUJ\
5DQD .DSRRU 0DQDJLQJ 'LUHFWRU &(2 <(6 %$1. ZLWK 3L\XVK *R\DO 0LQLVWHU RI 6WDWH LQGHSHQGHQW &KDUJH 3RZHU &RDO DQG 1HZ
5HQHZDEOH(QHUJ\*RYHUQPHQWRI,QGLD
52
In addition to the commitments, YES BANKs key

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&(2 SDUWLFLSDWHG DQG PRGHUDWHG KLJK OHYHO SDQHO
discussions and released a knowledge report on RE
investments in India.
YES BANKs Renewable Energy

lending Portfolio
1,200
1,000
Biomass / Waste
to Energy
800
YES BANKs role at this crucial Summit centred on:

1. Thought Leadership: Detailing out the agenda,
themes of discussion and participants, and detailed
inputs for the theme paper, investor guide and
other knowledge materials
2. RE Investors: Garnering investors across
segments like global RE, bilateral and multilateral
organizations, foreign banks in India and industry
leaders
3. RE Investor Facilitation Cell: Working in close
coordination with IREDA and DIPP-Invest-India
team for activating and streamlining the REInvestor Facilitation Cell
*UHHQ (QHUJ\ &RPPLWPHQWV *(&V &DWDO\]HG
GECs from YES BANKs clients amounting to more
than 15 GW of Solar Energy commitment and 20
0:RI+\GUR3RZHU
5. Shared a comprehensive list of suggestions to
015(IRUPRELOL]LQJLQYHVWPHQWVLQWKH5(6HFWRU
especially in solar power
6. Streamlining the marketing plan: Advising and
compiling a comprehensive marketing plan to
maximize media outcome and impact
3.4 Financing for a Positive Climate Action

In line with YES BANKs belief that climate change is
an opportunity to spur the development and adoption
of clean and renewable sources of energy, the Bank
has worked towards integrating positive climate action
into its business strategy, operations, reporting and
disclosures, risk frameworks, and business portfolio.
YES BANK has one of the largest portfolios in renewable
energy in the private banking space, and scaled up its
lending to key renewable energy projects in wind, solar
and biomass, executing some of the largest deals in this
sector. During the year, the Bank made commitments to
further enhance its lending in this space at key global
platforms, such as the UN Climate Summit in New York
&LW\DQG5(,19(676XPPLWRUJDQL]HGE\WKH0LQLVWU\
of New and Renewable Energy, Government of India.
LQ0:
600
Solar
400
Wind
200
0
2012-13 2013-14 2014-15
Key Transactions of the Bank during the reporting

period include:
Underwriting a term debt of ` 240 Crores for a 82.4
0:ZLQGSRZHUSURMHFW
Underwriter of Term Debt of ` 271 Crores for
VHWWLQJ XS 0: ZLQG SRZHU SURMHFW LQ 0DGK\D
Pradesh
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Part Underwriter of Term Debt of ` 600 Crores for
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Pradesh
Part Underwriter of Term Debt for setting up a 100
0:VRODUSRZHUSURMHFWLQ5DMDVWKDQ
Underwriter of Term Debt of ` 157.5 Crores towards
WKHSURMHFWGHEWIRU0:ZLQGSRZHUSURMHFWLQ
0DKDUDVKWUD
Underwritten rupee term debt facility of ` 684
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VHWWLQJXS0:ZLQGDQG0:VRODUFDSDFLW\
VHWWLQJXS0:VRODUFDSDFLW\
Underwritten rupee term debt facility of ` 58.4
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Underwritten term debt of `&URUHVIRU0:
Wind Power Project
YES BANK commits a target of funding 500 MW of

clean energy every year at the UN Climate Summit
In a major boost towards its commitment to RE sector
in India, YES BANK made a major announcement for
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occasion of The United Nations Climate Summit 2014
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New York City in September 2014.
53
With an upward trend in clean energy market in India and

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Bank holds a leadership position in this space, funding
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0:SHUDQQXP
QDQFLQJ PHFKDQLVPV IDFH D QXPEHU RI FKDOOHQJHV

including sector limits, high interest rates and AssetLiability mismatch, necessitating a need to evolve
LQQRYDWLYH QDQFLQJ PHFKDQLVPV *UHHQ ,QIUDVWUXFWXUH
%RQGVDUHRQHVXFKDYHQXHWRDOORZIRUQDQFLQJWRRZ
to vital green energy projects.
7KH81&OLPDWH6XPPLWDWWHQGHGE\RYHU+HDGVRI
6WDWHV UHSUHVHQWDWLYHV IURP DOO 81 0HPEHU 6WDWHV DQG
local and national leaders from the public and private
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political will for a global statement by 2015 that
limits the rise in global temperatures to less than two
degree Celsius.
YES BANK took a leadership position in the banking sector

LQUHQHZDEOHHQHUJ\QDQFLQJE\DQQRXQFLQJWKHODXQFK
RI,QGLDVUVW*UHHQ,QIUDVWUXFWXUH%RQGIRU` 500 Crores
with greenshoe. The Bank made the announcement at the
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,19(67ZKHUHWKH%DQNZDVD.QRZOHGJH3DUWQHU
YES BANK was one of the few Indian corporates and

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the worldwide BFSI sector to be invited to speak at the
Summit. The IFC Climate Finance Report released at the
Summit, features the details of this commitment.
The Bonds were launched in the backdrop of YES BANKs

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Summit. The funds from the Bonds subscription would be
utilized towards meeting this commitment.
YES BANK and IFC Provide Thrust to Wind Energy
The bonds, for a tenor of 10 years, will be used by the

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HQHUJ\ DQG HQHUJ\ HIFLHQF\ SURMHFWV LQFOXGLQJ VRODU
power, wind power, biomass, and small hydel projects.
.30* LQ ,QGLD ZLOO EH SURYLGLQJ WKH $VVXUDQFH 6HUYLFHV
annually, on the use of proceeds in line with the Green
Bond principles.
In a noteworthy example of YES BANK leveraging its

global partnerships to expand its impact in the Renewable
Energy space, YES BANK joined with the International
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ORDQ WR &RQWLQXXP :LQG (QHUJ\ IRU 0: SURMHFW LQ
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The project would generate 330 GW of power annually to
reach 300,000 people and also help avoid nearly 270,000
tonne of carbon dioxide emissions per year.
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stake in Continuum Wind Energy, which started operations
in 2009 and has achieved an aggregate operating capacity
RIDOPRVW0:ZLWK0:XQGHUFRQVWUXFWLRQDQG
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Peak hour shortages of electricity in India vary between 9
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contribute to improving Indias power generating capacity
and help meet the Government of Indias target of meeting
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Globally, Green Bonds issues amounted to almost

USD 35 Billion worldwide in 2014 while the market in
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will catalyse the market for Green Infrastructure Bonds
in India and allow responsible investors to facilitate
funding towards Renewable and Clean Energy projects.
Clearly demonstrating a latent demand for this mode of
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option as the Bonds were oversubscribed and closed at
` 1,000 Crores.
3.5 Strengthening Sustainable Lending

Practices
YES BANK launches Indias FIRST Green

Infrastructure Bond issue
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in India to voluntarily adopt a Policy to integrate
environmental and social risks into its overall credit risk
assessment framework.
Given the Governments focus on Indias Renewable Energy

potential and its target of 175 GW of additional capacity
installation by 2022, it is estimated that the Renewable
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7KH (QYLURQPHQW DQG 6RFLDO 3ROLF\ (63 LV EDVHG RQ

international frameworks, such as the Equator Principles
and IFC guidelines and is integrated with the overall credit
54
risk analysis framework at the Bank, ensuring the Bank

lends responsibly.
In the reporting period, the Banks key focus was on
enhancing its internal systems and capacities for
strengthening the Policys implementation through high
impact and focused training and awareness workshops for
key personnel.
During the year, the Bank conducted training on
(QYLURQPHQWDODQG6RFLDO5LVN$VVHVVPHQW(65$IRURYHU
60 top management personnel and a core team of over
30 bankers from senior/mid management levels across
business and risk units.
The Bank is also working towards developing an e-module
to enable maximum coverage with a sectoral focus:
Basic module focusing on wholesale banking
Advanced module for Corporate Finance and Risk
Comprehensive module with industry focused case
VWXGLHVDQGVFHQDULRVIRU5HODWLRQVKLS0DQDJHUVDQG
5LVN0DQDJHUV
In addition, the Bank is planning to engage with its investor
base on the business case for ESRA, and participating
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of BANKING, areas of capacity building for internal
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implementation of the ESP across the Bank.
Apart from focused workshops for key implementers of

ESP at the Bank, Responsible banking, along with the YES
6&+22/RI%$1.,1*RUJDQL]HDVHULHVRIFRPSUHKHQVLYH
quarterly training programs for relevant business teams.
During the reporting period, the workshop, led by a team of
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from product and relationship teams in Corporate Finance
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diligence tools necessary for on-ground implementation of
the ESP. The Bank plans to continue conducting workshops
as part of this series in the next reporting cycle.
3.6 Natural Capital Initiative

YES BANK, taking a proactive approach in the natural
capital space, had launched the Natural Capital Initiative in
2013 with an objective to bring together an ecosystem that
would help develop an appropriate regulatory framework,
disclosure mechanisms and reporting measures to
integrate, value, and account for natural capital. The Bank
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,QGLDQVLJQDWRU\WRWKH1DWXUDO&DSLWDO'HFODUDWLRQ1&'
The Bank implements the Initiative through three key
projects that are aligned with different stakeholders, and
has taken a holistic approach in identifying and engaging
with them on pertinent topics.
Natural Capital Initiative @ YES BANK

Initiative
Natural Capital Declaration
- Working Groups
YES BANK Saevus Natural

Capital Awards
Natural Capital Olympiad
International Community,
Knowledge Centers
Corporate, Individuals,
Civil Society
Students, Parents,
Education Institutions
Stakeholders
55
Natural Capital Declaration Working Groups

Under the aegis of the NCD, YES BANK sits on two
key Working Groups convened by the UNEP Finance
Initiative and the Global Canopy Program, thus
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world at the global thought platform on natural capital.
The second edition of the Awards has been conducted

and winners shortlisted with the Awards ceremony
slated to be held in the next reporting cycle.
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Accounting for Natural Capital, which seeks to develop
a methodological system for accounting for the impacts,
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Company and portfolio level.
The Bank is also a part of the Working Group I
Understanding impacts and dependencies on natural
capital, wherein the Bank has committed to collaborate
on building an understanding of the impacts and
dependencies of natural capital relevant to operations,
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business opportunities.
The Natural Capital Awards 2014

,Q <(6 %$1. KRVWHG WKH UVW KLJKO\ VXFFHVVIXO
edition of the YES BANK Saevus Natural Capital Awards,
a ground-breaking platform that mainstreamed the
natural capital dialogue in India that showcases
practices in natural capital consumption, accounting
mechanisms and conservation within the industry
and civil society. The aim of the awards platform is to
trigger and lead debates on natural capital in India and
LQXHQFHWKHJRYHUQPHQWWRZDUGVXVKHULQJLQSRVLWLYH
policy-related changes.
In the second edition of the Awards, large corporate
houses, 72 teams, and 732 photographers registered in
the three categories of the Award
Eco Corporate Award honoring organizations
working for the environment, ecosystems and
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0DQXIDFWXULQJ DQG 6HUYLFHV WR UHHFW RQ WKH
GLIIHUHQFHLQDSSURDFK
Nature Trailblazers Award - honoring original
research content in areas of natural history and
wildlife photography
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wildlife and awe-inspiring natural phenomena
56
The Natural Capital Olympiad

The concept of natural capital involves recognizing
and ascertaining the economic value of natures limited
resources such as fresh air, clean water and unpolluted
soil. Putting a value to natural capital is essential
in quantifying the critical role they play in global
economic activity. Thus, inculcating natural capital in
popular thought is essential in instilling a sense of
responsibility towards preserving it.
Children are the leaders and decision makers of
tomorrow and there is a need to educate them on being
more responsible towards the planet. Todays educational
curriculum barely touches the concept of natural capital,
DQGLQWHUYHQWLRQVDUHFULWLFDOWROOWKLVJDS
With this aim,YES BANK and its partner, Saevus magazine,
launched the Natural Capital Olympiad on the World
Environment Day in June, 2014, to mainstream natural
capital concepts in an interactive and entertaining, yet
competitive manner.
The Olympiad, extending from standards III to X, is

endorsed by national educational boards and features
questions on various topics, such as global warming,
bio-diversity, conservation and climate change. The
format has been designed in a manner that will
encourage children to think, assimilate and logically
reason as they attempt the questions.
Olympiad also partnered with the Bharti Foundation

and Swades Foundation to open the competition,
and share all the associated study material, to
underprivileged children without any cost to them.
The Olympiad is carried out in two stages:
YES BANK launches the Natural Capital

Symposium to promote Sustainable Finance
School Round: +HOGDWUHVSHFWLYHVFKRROVZLWK

responses that are evaluated centrally. The
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the top scorers of the school round
Regional Round: an interactive session with
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The national winners of the Olympiad are offered
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the platform will also recognize educators who have
created a learning environment for natural capital in
their schools.
,Q WKH UVW \HDU RI WKH 2O\PSLDG RYHU VWXGHQWV
from 109 schools participated. The Olympiad has
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Education, and schools such as the Army Public School,
Air Force Public School and EuroSchool India. The
The Natural Capital Olympiad can be accessed at www.

natureolympiad.com.
In addition to its Natural Capital Initiative, YES BANK

RUJDQL]HGWKHUVW6\PSRVLXPRQ1DWXUDO&DSLWDOZLWK
DQDLPWRSURPRWHVXVWDLQDEOHQDQFHLQ,QGLDZLWKLQWKH
QDQFLDO VHFWRU HVSHFLDOO\ 1DWXUDO &DSLWDO $FFRXQWLQJ
LQ1RYHPEHULQ0XPEDL7KH6\PSRVLXPZDVDQ
extension of the Sustainability Series, established by
YES BANK, GIZ and UNEP FI in 2013.
Key speakers at the Symposium included Lauren Smart,
Executive Director at TruCost Plc, UK, Prof Jeremy
:LOOLDPV 'LUHFWRU $VLD 3DFLF &HQWUH IRU 6XVWDLQDEOH
(QWHUSULVH *ULIWK 8QLYHUVLW\ $XVWUDOLD DQG 0LFKDHO
Siebert, Consul General of the Federal Republic of
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0LFKDHO6LHEHUW&RQVXO*HQHUDOLQ0XPEDL*HUPDQ\DGGUHVVLQJWKHSDUWLFLSDQWVRIWKH1DWXUDO&DSLWDO6\PSRVLXPDW0XPEDL
57
7KHVSHDNHUVKLJKOLJKWHGWKHQHHGIRU,QGLDQQDQFLDO
institutions to begin recognizing natural capital risk,
and to adopt natural capital accounting which gives a
WUXHUUHHFWLRQRIHFRQRPLFDFWLYLW\
/HDGLQJ SXEOLF DQG SULYDWH QDQFLDO LQVWLWXWLRQV
including SBI, ICICI Bank, IDBI, SIDBI, Axis Bank, IndusInd
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+DQGHOVEDQNHQ DQG WKH ,QGLDQ %DQNV $VVRFLDWLRQ
participated in the symposium.
3.7 YES COMMUNITY Together for a Better

Tomorrow
<(6 &20081,7< <(6 %$1.V XQLTXH FRPPXQLW\
engagement program, serves as a knowledge exchange
and awareness platform for communities around its
branches on the socially and environmentally pertinent
issues of the day.
Acting as a community transformation center, each
Bank branch works towards building strong relations
with communities, thus taking the Banks relationship
EH\RQG WUDQVDFWLRQDO 7KURXJK WKH <(6 &20081,7<
program, the Bank forges meaningful partnerships
ZLWK FRPPXQLW\ JURXSV QRQSURW RUJDQL]DWLRQV
governments and civil society.
Using an inbound and outbound model, the annual
<(6 &20081,7< FDOHQGDU DOLJQV UHJLRQDO LQWHUQDO
and external stakeholders for a centrally driven, robust
execution at the national level.
The Program has witnessed phenomenal growth in
the last three years, and touched 506,475 lives in
this reporting cycle through 5,827 events held in and
around the Banks branches in all the states and union
territories of India.
1RV
500
600,000
400
500,000
400,000
300
300,000
200
200,000
100
100,000
0
2012-13
Branches
58
2013-14
2014-15
Outreach
Outreach
Branches
YES Community Growth
Key YES COMMUNITY programs conducted

,Q WKH UHSRUWLQJ F\FOH<(6 &20081,7< FRQWLQXHG LWV
focus on pertinent social and environmental issues of
ORFDODQGJOREDOVLJQLFDQFH7KH%DQNSDUWQHUHGZLWK
QRQSURWV ORFDO DQG VWDWH JRYHUQPHQWV RU VSHFLF
departments in the Government, to scale up the impact
of its programs and deliver on ground.
7KH <(6 &20081,7< SURJUDPV IRU WKH \HDU FDQ EH
broadly categorized as primarily having a social or an
environmental focus.
Social Focus of YES COMMUNITY

For the International Day of Family, the Bank continued
LWV VXFFHVVIXO SDUWQHUVKLS ZLWK +HOS$JH ,QGLD WR
conduct pan-India events for senior citizens with the
theme Bridging the Generations, aimed at increasing
awareness among youth and children towards issues
faced by senior citizens, and enhancing the personal
interactions between them.
A poster for the message writing competition YES Dil Se to celebrate

,QWHUQDWLRQDO'D\RI)DPLOLHVXQGHU<(6&20081,7<
Financial literacy remains one of the key focus areas

IRU <(6 %$1. LQ LWV UROH DV D UHVSRQVLEOH QDQFLDO
institution. Through the impactful platform provided
E\ <(6 &20081,7< WKH %DQN PDUNHG ,QWHUQDWLRQDO
/LWHUDF\ 'D\ E\ IRFXVLQJ RQ UDLVLQJ QDQFLDO OLWHUDF\
and awareness among children and youth. The Bank
partnered with local schools and colleges and invited
students, parents and teachers to bank branches, where
they were taught various aspects of banking and
SHUVRQDO QDQFH 7KH EUDQFK WRXUV KHOSHG WKHP JDLQ
insights into bank operations and how they can manage
WKHLUSHUVRQDOQDQFHVEHWWHU
with local municipal authorities, resident associations,

educational institutions, business associations and
NGOs to conduct cleanliness drives and awareness
sessions on personal hygiene, waste reduction and
recycling, and their role in making the national mission
a success.
6FKRROFKLOGUHQSDUWLFLSDWLQJLQD<(6&20081,7<HYHQWRQ
QDQFLDOOLWHUDF\DWWKH'HUD%DVVLEUDQFK3XQMDE
India is the largest democracy in the world, and giving

an inviolable right to its citizens to exercise their vote
is one of its greatest responsibilities. Since 2011, India
celebrates January 25th every year as the National
9RWHUV'D\WRHQFRXUDJHWKH\RXWKWRSDUWLFLSDWHLQWKH
democratic process.
YES BANK celebrates this occasion every year by
interacting with communities around its branches
across India, sharing with them nuances of Indias
governance processes and systems and answering their
queries on voting for elections.
YES BANK employees from the Dimapur branch, Nagaland,

organizing the Saaf Suthra Bharat campaign with community
members at the Dimapur Railway Station
3DUWQHULQJZLWK<(6)281'$7,21WKH<(6&20081,7<
SODWIRUPFRQGXFWHG<(6LDPWKH&+$1*(ZRUNVKRSV
across schools and colleges with the aim to ignite young
minds to be responsible future leaders, by screening
VSHFLDOO\VHOHFWHGOPVIURPWKHVHFRQGHGLWLRQRIWKH
<(6LDPWKH&+$1*(VRFLDOOPPRYHPHQW
The initiative touched 58,900 students through 508
workshops. Every workshop ended with a Picture
Pledge Drive with students making personal pledges to
contribute towards Indias development.
7KH6DOW/DNH.RONDWDEUDQFKFRQGXFWLQJD<(6&20081,7<HYHQW
RQ1DWLRQDO9RWHUV'D\
YES BANK is on-board the Clean India Campaign

ODXQFKHG E\ WKH 3ULPH 0LQLVWHU RI ,QGLD LQ DQG
has integrated this national mission into the YES
&20081,7<SODWIRUP
In alignment with the Governments Clean India
Campaign, the Bank launched the Saaf Suthra Bharat
campaign across its branches in India on October 2,
0DKDWPD*DQGKLVELUWKDQQLYHUVDU\%UDQFKHVSDUWQHUHG
6WXGHQWVSDUWLFLSDWLQJLQWKH<(6LDPWKH&+$1*(#6FKRROV
LQLWLDWLYHDWWKH'KXULEUDQFK3XQMDEXQGHU<(6&20081,7<
59
,Q WKH 1&5 UHJLRQ <(6 &20081,7< ODXQFKHG WKH ,

am the Ambassador of Change Celebrating Young
India initiative in partnership with the NGO Enactus
SRCC. The initiative, aimed at building self-belief and
conviction among children to become ambassadors of
positive change, conducted events in schools, juvenile
homes, and other public and private institutions
working with underprivileged children.
CASE STUDY
YES BANK partnered with the Institute of Liver and

Biliary Sciences, New Delhi on the occasion of its 17th
$QQXDO +HSDWLWLV 'D\ DQG RUJDQL]HG PDVV VFUHHQLQJV
DQGWHVWLQJFDPSVIRU+HSDWLWLV
Given this background, YES BANK has partnered with

the Government of Goa to launch the Say YES to
Road Safety Campaign, a state-wide campaign aimed
at sensitizing Goans and visitors to Goa on safety
consciousness and safe driving. As part of this bigger
FDPSDLJQ DQ LQLWLDWLYH +HOPHW :HDU LI \RX FDUH
aimed at two wheeler riders was also launched.
7KHHYHQWZDVLQDXJXUDWHGE\6KUL1DMHHE-XQJ+RQEOH
/LHXWHQDQW *RYHUQRU 'HOKL DFFRPSDQLHG E\ 'U 0
& 0LVUD 'LUHFWRU $,,06 1HZ 'HOKL DQG 6KUL 6 & /
'DV 6HFUHWDU\ +HDOWK )DPLO\ :HOIDUH *RYHUQPHQW
of Delhi.
Say YES to Road Safety Campaign, Goa

As one of Indias most popular tourist destinations, the
state of Goa has millions of tourists arriving from India
and abroad each year. Given the tourism driven economy,
WKH VWDWH KDV D KLJK LQFLGHQFH RI YHKLFXODU WUDIF DW
DOO WLPHV$ KLJKHU WUDIF KDV DOVR UHVXOWHG LQ D KLJKHU
incidence of road accidents and deaths in the state.
National Road Safety Week

India has the unpleasant distinction of having the
highest number of road deaths in the world, losing over
1 lakh lives every year. In this context, the National Road
Safety Week, organized every year by the Government of
India in the month of January becomes a critical event
for raising awareness on safe driving practices.
7KURXJK<(6&20081,7<WKH%DQNSDUWLFLSDWHGLQWKH
national campaign and mobilized its branches to take
this message into the community, under the campaign,
6DIHW\LVQRWMXVWDVORJDQLWVDZD\RIOLIH
6KUL$UXQ'HVDL'LUHFWRURI7UDQVSRUW*RYWRI*RDUGIURP

/HIW6KUL5DPNULVKQD'KDYDOLNDU7UDQVSRUWDQG3XEOLF:RUNV
'HSDUWPHQW0LQLVWHU*RYHUQPHQWRI*RDWKIURP/HIW1DPLWD
9LNDV6HQLRU3UHVLGHQWDQG&RXQWU\+HDG5HVSRQVLEOH%DQNLQJ
<(6%$1.WKIURP/HIWODXQFKLQJWKH&DPSDLJQLQ3DQDML*RDLQ
September 2014
Through a pan-Goa awareness campaign, the initiative

sensitized Goans on responsible and safe driving
behaviour through workshops, signature and awareness
drives, and interactions with Resident Welfare
$VVRFLDWLRQV /RFDO 0DUNHW $VVRFLDWLRQV 6FKRROV
Colleges, NGOs and other such relevant stakeholders.
Environmental Focus of YES COMMUNITY
YES BANKs Agartala branch leading a road safety awareness march

XQGHU<(6&20081,7<GXULQJWKH1DWLRQDO5RDG6DIHW\:HHN
60
7KURXJK <(6 &20081,7< WKH %DQN KDV IRFXVHG RQ

mainstreaming Glocal environmental issues within
the community, such as climate change awareness,
living environmentally responsible lifestyles and the
importance of cleanliness.
Through partnerships with NGOs active in the

environmental space, the Bank marked days of national
DQGJOREDOVLJQLFDQFHVXFKDVWKH:RUOG(QYLURQPHQW
Day, International Earth Day and International Day of
Biodiversity.
2Q :RUOG 3KRWRJUDSK\ 'D\<(6 &20081,7< EHFDPH

a platform for community members to connect with
the Banks Natural Capital Initiative. At its branches,
the Bank conducted wildlife photography workshops
for nature enthusiasts, and invited them to participate
in the Pixel Perfect category of the Natural Capital
Awards under the theme Wildlife conservation through
Photography.
YES BANK partnered with the Stepathlon and The
Foundation to organize a Walk for Children, kicked
off on Childrens Day by social activist and actor Rahul
%RVHLQ0XPEDL
Students from St. Peters College, Agra, participating in an art

FRPSHWLWLRQWRPDUN(DUWK'D\DVSDUWRI<(6&20081,7<
YES BANK volunteers participating in the Walk for Children, organized by YES BANK in partnership with Stepathlon
DQG7KH)RXQGDWLRQDW0XPEDL
The Walk, part of the Banks Childrens Day celebrations

witnessed an estimated 200 employees and students
FRPHWRJHWKHUDWWKH:RUOL6HD)DFHLQ0XPEDLWRUDLVH
funds for The Foundations initiative, Restoring Equality
WKURXJK(GXFDWLRQ $GYDQFHPHQWRI&KLOGUHQ5($&+
YES BANK contributed ` 100 for every kilometre walked
by each individual to the initiative.
'HRGXWWD .XUDQH *URXS 3UHVLGHQW +XPDQ &DSLWDO

0DQDJHPHQW <(6 %$1. VDLG 3ULPDU\ HGXFDWLRQ LV
D VLJQLFDQW SLOODU WR HPSRZHU DQG HQDEOH XQGHU
privileged children to achieve equality in our society.
<(6%$1.LVSURXGWRSDUWQHUWKH5($&+LQLWLDWLYHDQG
contribute towards this important cause of ensuring
that students from economically weaker sections of
the society are enrolled in appropriate educational
LQVWLWXWLRQV
61
3.8 Employee Payroll Giving

YES BANK continued its employee payroll program
with Give India, an NGO aggregator bringing together
NGOs across sectors and across India, and providing
corporates a platform to donate part of their salary to a
social or environmental cause of their choice.
Employee Contribution
` LQ/DNKV
14.0
13.5
YES COMMUNITY Rural Impact and Sustainable

Enterprises
With an aim to bring positive socio-economic impact
in Indias rural hinterland, YES BANK, under its YES
&20081,7< XPEUHOOD ODXQFKHG WKH 5,6( 5XUDO
,PSDFWDQG6XVWDLQDEOH(QWHUSULVHVSURJUDPZKHUHLQ
the Bank has committed to adopt villages in the states
RI 0DKDUDVKWUD 0DGK\D 3UDGHVK .HUDOD 7DPLO 1DGX
and Rajasthan and provide focused interventions in
womens health, education, access to safe drinking
water, sanitation and overall social welfare.
13.0
/DXQFKHG LQ SDUWQHUVKLS ZLWK VWDWH OHYHO QRQSURW

and community based organizations, the program
aims to create a holistic social impact through positive
impact interventions. In the reporting period, the
initiative impacted 1,47,226 lives, through the following
interventions:
12.5
12.0
11.5
11.0
10.5
2014-15
2013-14
2012-13
Employee contribution by cause

8
27
Children
Education
+HDOWK
Employment
Disable
Elderly
Women
19
34
3.9 Scaling up Positive Impact

To augment the community impact of ongoing social
responsibility projects, YES BANK launched several positive
LPSDFWLQLWLDWLYHVXQGHULWV<(6&20081,7<XPEUHOOD
Activity
%HQHFLDULHV
+HDOWKFDUH
39,397 received assistance

through 196 health camps
Access to safe and

clean drinking water
Provided access to safe and

clean drinking water to 45,000
people through household
OWHUVDQGSHRSOH
through community water
systems
Supplementary
education
4,085 students enrolled

through 116 Community
Knowledge Centres
+RXVHKROGDQG
community toilets
724 toilets commissioned to

provide access to 41,000 people
7KHLQLWLDWLYHVIRFXVRQWKHIRXUEURDGDUHDVGHQHGLQLWV
CSR Policy.
Livelihood security and enhancement
+HDOWKFDUHDQGVRFLDOZHOIDUH
Environment sustainability
Arts, sports and culture
To ensure credibility and transparency of the reported
LPSDFW JXUHV WKLV\HDU WKH EDQN KDV HQJDJHG .30* WR
monitoring its CSR framework and reporting mechanisms
including due-diligence of implementing agencies on a
need basis.
62
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WKHZDWHUSXULFDWLRQV\VWHPGLVWULEXWLRQXQGHU<(6&20081,7<
RISE, in February 2015
Say YES to Sustainable MSMEs in India

,QGLDQ 060( VHFWRU KDV SOD\HG D NH\ UROH LQ ,QGLDV
HFRQRP\FRQWULEXWLQJWRRILQGXVWULDORXWSXWDQG
RILWVWRWDOH[SRUWV
To promote environmental sustainability and
2FFXSDWLRQDO +HDOWK DQG 6DIHW\ 2+6 ZLWKLQ WKH
,QGLDQ 060( VHFWRU WKH %DQN KDV ODXQFKHG WKH 6D\
<(6 WR 6XVWDLQDEOH 060(V LQ ,QGLD XQGHU WKH <(6
&20081,7< XPEUHOOD DV D PXOWLIDFHWHG LQWHUYHQWLRQ
to help them become globally competitive.
6WXGHQWVIURP6K\DPSXUYLOODJH6HKRUH'LVWULFW0DGK\D3UDGHVK
attending a free health camp organized by YES BANK under the YES
&20081,7<5,6(SURJUDP
YES STEADY
8QGHU WKH <(6 &20081,7< XPEUHOOD <(6 %$1.
ODXQFKHG LWV VNLOOLQJ LQLWLDWLYH <(6 67($'< 6NLOOV
7UDLQLQJDQG(QKDQFHPHQWIRU'HYHORSPHQWRI<RXWK
in partnership with Deshpande Foundation to provide
employability training to youth through targeted skill
building initiatives. Karnataka and Telangana will be
WKHIRFXVVWDWHVLQWKHUVWSKDVHRIWKHLQLWLDWLYH
The initiative was launched during Development
Dialogue,
the
annual
International
Social
Entrepreneurship Conference of Deshpande Foundation,
DW +XEOL .DUQDWDND KHOG LQ )HEUXDU\ 7KH %DQN
aims to scale these initiatives to reach other parts of
the country in the next phases. Since the launch of the
initiative, 431 students have been inducted and are
undergoing skill training under various focus sectors
such as agriculture, accountancy, electrical works, BPO
VRIWVNLOOVDQGSULPDU\WHDFKHUVWUDLQLQJ7KHVWXGHQWV
are provided with employment linkages through a
formal placement cell and are connected with an
alumni network of the Foundations existing program.
The initiative, launched in partnership with the

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ongoing project funded by the European Union named
6FDOLQJ8S6XVWDLQDEOH'HYHORSPHQWRI060(&OXVWHUV
in India, with UNIDO, GRI, SIDBI, IICA and GIZ as partners.
,Q WKH UVW SKDVH WKH SURJUDP VXSSRUWHG 060(
clusters in Punjab and Uttar Pradesh by enhancing
WKHLUHQHUJ\HIFLHQF\DQGLPSURYLQJWKHLUKHDOWKDQG
safety systems through sensitization workshops, health
FDPSVSURYLGLQJGULQNLQJZDWHUIDFLOLWLHVUVWDLGNLWV
and distributing personal protective equipments. Under
WKH LQLWLDWLYH 2+6 V\VWHPV ZHUH VWUHQJWKHQHG LQ
IRXQGU\ 060(V EHQHWLQJ ZRUNHUV DQG HQHUJ\
HIFLHQF\ SURMHFWV ZHUH LPSOHPHQWHG LQ 060(V
LPSURYLQJ WKHLU HQHUJ\ HIFLHQF\ LQ WKH UDQJH RI
DQG UHGXFLQJ FRNH FRQVXPSWLRQ E\ 0HWULF
7RQVSHUDQQXPUHVXOWLQJLQUHGXFWLRQRI0HWULF
Tons of CO2 HPLVVLRQ SHU DQQXP 07 RI FRNH HPLWV
07RI&22WKXVVDYLQJDSSUR[LPDWHO\` 97.50 lakh
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A health camp underway at a Kanpur foundry cluster as part of the

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A skill development workshop in progress under the YES

&20081,7<67($'<SURJUDP
63
3.10 YES CULTURE: Commitment to Promote

Indias Cultural Heritage
$V<(6 %$1. FRPSOHWHV D VLJQLFDQW WKUHVKROG RI

years of institutional excellence, it has developed into a
knowledge-focused, technology driven, high quality and
customer centric private Indian Bank.
In line with an unstinted commitment to nurturing
and promoting Indias cultural heritage, YES BANK
launched YES CULTURE with a single minded resolve
of being a promoter of Indian culture at a domestic
and international level, and generating strong support
for Indian people and institutions, by propagating
awareness and ensuring visible results for cultural
development and growth.
India has marvelled historians and the world alike,
over centuries, with its rich cultural heritage and now
JOREDOO\ UHFRJQL]HG WDOHQW LQ DUWV FXOWXUH OP DQG
corporate world, which are a testimony of the respect
India commands as a culturally evolved society.
YES CULTURE will engage and collaborate with
governments, industry and academia, including key
ministries of the Government of India, in line with
its initiatives towards revising and sustaining Indias
cultural diversity.
YES CULTURE Organizes Heritage Walk in Mumbai

Under the aegis of YES CULTURE, YES BANK launched
WKH<(6 &8/785( +(5,7$*(:$/. LQ 0XPEDL IRU LWV
employees, including top, senior and junior management,
with an aim to create the much needed awareness
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of India. YES BANK has also recently constituted the
YES BANK YES CULTURE Award, and Javed Akhtar
was the maiden recipient for 2014, for his contribution
WROLWHUDWXUHRYHUWKHSDVWYHGHFDGHV
The YES CULTURE heritage trail traversed the various
FXOWXUDOODQGPDUNVRI0XPEDLDQGKLJKOLJKWHGWKHULFK
artistry and grandeur of these architectural marvels.
64
7KH <(6 &8/785( +HULWDJH :DON KHOG LQ 0XPEDL LV

WKHUVWLQDVHULHVRI:DONVWREHKHOGDFURVVYDULRXV
cities of India to make citizens of India re-acquaint with
WKHLU +LVWRU\ DQG HPEUDFH WKH DUFKDHRORJLFDO PDUYHOV
in their immediate environment.
$ORQJVLGH WKH <(6 &8/785( +HULWDJH :DON <(6
BANK also launched The Forgotten Unforgettable
Photography Challenge, focused at reviving the lesser
known heritage sites and historical facts across India
on social media.
3.11 YES FOUNDATION Building an

empowered and equitable India
About YES FOUNDATION
YES BANK, as a major donor, contributes grants to

YES FOUNDATION, which is a public charitable trust,
governed by an independent Governing Council, with
an objective towards creating social transformation.
YES FOUNDATION continues to work towards its vision
of an empowered and equitable India, focusing on
stimulating entrepreneurship and innovative use of
media initiatives for social transformation, to enable
Indias inclusive growth and development.
YES! i am the CHANGE Social Film Movement

<(6 L DP WKH &+$1*( WKH )RXQGDWLRQV UVW DQG
largest program, is a nationwide movement to inspire,
engage and empower youth to participate in Indias
social transformation through the impactful medium
RIOPV
In 2014, the programs second edition, YES! i am the
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in India and one of the biggest in the world, with
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DFURVVDOO,QGLDQVWDWHV7KHVKRUWOPVIRFXVHGRQWKH
0LOOHQQLXP 'HYHORSPHQW *RDOV HYHU\GD\ FRPPXQLW\
KHURHV DQG UDQGRP DFWV RI NLQGQHVV 7KH 0RYHPHQW
DLPVWREHDQRSHQUHSRVLWRU\RIVRFLDOOPVIRUXVHE\
the development sector.
7KH WRS OPPDNLQJ WHDPV VKRUWOLVWHG E\ WKH -XU\
received a total grant of ` 25 Lakhs to make a onePLQXWH36$3XEOLF6HUYLFH$QQRXQFHPHQWOPRQNH\
VRFLDOFDXVHVZLWKJXLGDQFHIURPHPLQHQWOPPDNHUV
IRU XVH E\ JRYHUQPHQWV DQG QRWIRUSURWV IRU
awareness generation.
>)URP/HIW@.DLODVK6XUHQGUDQDWKYHWHUDQDGPDNHU1DPLWD9LNDV*RYHUQLQJ&RXQFLO0HPEHU<(6)281'$7,21:RXWHU.ROII*RYHUQLQJ

&RXQFLO0HPEHU<(6)281'$7,21$PULWD3DWHO*RYHUQLQJ&RXQFLO0HPEHU<(6)281'$7,215DGKD6LQJK&KDLUSHUVRQRIWKH%RDUG<(6
%$1.5DNH\VK2PSUDNDVK0HKUDHPLQHQWOPGLUHFWRU6/.DSXU&KDLUSHUVRQ*RYHUQLQJ&RXQFLO<(6)281'$7,21DQG3UHUDQD/DQJD
&(2<(6)281'$7,21ODXQFKLQJWKHVHFRQGHGLWLRQRIWKH<(6LDPWKH&+$1*()LOP$ZDUGVLQ0XPEDL
8QGHUWKHPRYHPHQWWKH)RXQGDWLRQODXQFKHGWKH<(6LDPWKH&+$1*(3DQHO'LVFXVVLRQ6HULHVZLWKHYHQWVKHOG
LQ0XPEDLDQG'HOKLWRKLJKOLJKWWKHUROHRIPHGLDLQDFFHOHUDWLQJVRFLDOFKDQJH
)URPWKLUGOHIW1LQD/DWK0DQDJLQJ'LUHFWRU1DWLRQDO)LOP'HYHORSPHQW&RUSRUDWLRQ%KDUDW3DWHO*RYHUQLQJ&RXQFLO0HPEHU<(6

)281'$7,21*XQHHW0RQJDDFFODLPHGSURGXFHU1DPLWD9LNDV*RYHUQLQJ&RXQFLO0HPEHU<(6)281'$7,216KDEDQD$]PLDFFODLPHG
DFWRUDQGVRFLDODFWLYLVW3UHUDQD/DQJD&(2<(6)281'$7,21DQG9LNUDPDGLW\D0RWZDQHDFFODLPHGGLUHFWRUODXQFKLQJWKH<(6LDPWKH
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65
Highlights from the 2014 Program:

Total outreach to over 2,500 colleges pan-India
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across the country
Participation of 10,252 teams from 1,000 cities and
WRZQV DFURVV DOO ,QGLDQ VWDWHV LQ WKH OPPDNLQJ
challenge
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3DUWQHUVKLSVZLWKQRWIRUSURWVPHGLDVFKRROVDQG
DVVRFLDWLRQV LQFOXGLQJ 0HGLD 7UXVW 8.V OHDGLQJ
FRPPXQLFDWLRQV FKDULW\ +HOS$JH ,QGLD *LYH,QGLD
&$5( ,QGLD 0,&$ )LOP 7HOHYLVLRQ 3URGXFHUV
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&KDSWHU&11,%1&LWL]HQ-RXUQDOLVWDQG3UHVV&OXE
0XPEDLDPRQJRWKHUV
$QHPLQHQW-XU\WKDWLQFOXGHG1LQD/DWK0DQDJLQJ
'LUHFWRU 1DWLRQDO )LOP 'HYHORSPHQW &RUSRUDWLRQ
*XQHHW0RQJD3URGXFHU*DQJVRI:DVVH\SXUDQG
WKH /XQFKER[ 9LNUDPDGLW\D 0RWZDQH 'LUHFWRU

8GDDQ DQG /RRWHUD 3ULWLVK 1DQG\ YHWHUDQ
MRXUQDOLVW DQG OP SURGXFHU 'U 1DJHVK 5DR
3UHVLGHQW 0,&$ 'U ,QGX 6KDKDQL H[6KHULII RI
0XPEDLDQGHGXFDWLRQLVW6KRRMLW6LUFDU'LUHFWRU
9LFN\ 'RQRU DQG .DLODVK 6XUHQGUDQDWK YHWHUDQ
DGOPPDNHU
5DNH\VK 2PSUDNDVK 0HKUD HPLQHQW GLUHFWRU
RI DFFODLPHG OPV VXFK DV 5DQJ 'H %DVDQWL DQG
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7KH OPV ZHUH ZLGHO\ VKRZFDVHG WKURXJK &11
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across the country
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schools across India on Childrens Day, as part of
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66
YES! i am the CHANGE Responsible Youth

Citizen movement
YES FOUNDATION, in partnership with YES BANK and
Rotary International District 3140, launched YES! i
DPWKH&+$1*(5HVSRQVLEOH<RXWK&LWL]HQPRYHPHQW
in February 2015 as a national movement to engage
youth in Indias social transformation.
As part of the movement, campaigns on womens safety,

6ZDFKK%KDUDWDQG<(6LDPWKH&+$1*(ZRXOG
be undertaken in a phased manner through a pan-India,
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ORFDO3ROLFH1*2V5HVLGHQW:HOIDUH$VVRFLDWLRQV5:$V
and educational institutions.
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Responsible Youth Citizen movement on February 2015 at New Delhi
7KH0RYHPHQWDLPVWRPRELOL]HRYHURQHFURUH\RXWK
across the country to work towards womens safety,
clean India and harness media to accelerate inclusive
development. A force of two lakh youth ambassadors
will be developed to actively promote the movement
pan-India.
YES SCALE UP
YES SCALE UP is a capacity-building program designed
to address the gap in business design and management
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scale and impact. The Foundation acknowledges the
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the development of any nation and maximum value
generation is possible by building capacity in such
organizations.
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key differentiator of this program is the mentoring
and hand-holding support extended to the not-forSURW RUJDQL]DWLRQV IRU IRVWHULQJ HIIHFWLYH LQWHUQDO
management systems.
67
Annual Business
Responsibility Report (ABRR)
Section A: General Information about the Company
1.
2.
3.
Corporate Identity Number (CIN) of the Company

Name of the Company
Registered address
4.
5.
6.
7.
Website
E-mail id
Financial Year reported
Sector(s) that the Company is engaged in
(industrial activity code-wise)
8.
List three key products/services that the Company

manufactures/provides (as in balance sheet)
9.
Total number of locations where business activity

is undertaken by the Company
i. Number of International Locations (Provide
details of major 5)
ii. Number of National Locations
10.
Markets served by the Company Local/State/

National/International/
L65190 MH 2003 PLC 143249

YES BANK Limited
Nehru Centre, 9th Floor, Discovery of India, Dr. A. B. Road, Worli,
Mumbai 400018
www.yesbank.in
[email protected]
FY 2014-15
$VSHU1DWLRQDO,QGXVWULDO&ODVVLFDWLRQ
Section K Financial and Insurance Activities
Division 64 - Financial service activities, except insurance and
pension funding
a) Retail Banking
b) Corporate Banking
c) Treasury
2QH7KH%DQNKDVDUHSUHVHQWDWLYHRIFHLQ$EX'KDEL8$(
The bank has 630 Branches, two National Operating Centers in
Mumbai and New Delhi and 1,190 ATMs, as on March 31, 2015.
<(6%$1.LVDSDQ,QGLD%DQNZLWKEUDQFKHVLQDOOVWDWHVDQG8QLRQ
territories in India. YES BANK has expanded its operations to Middle
(DVWLQ$EX'KDELZLWKDQLQWHUQDWLRQDOUHSUHVHQWDWLYHRIFHWR
enhance engagement with leading businesses and Global Indians in
this region.
Section B: Financial Details of the Company

1.
2.
3.
4.
5.
68
Paid up Capital (`)

Total Turnover (`)
7RWDOSURWDIWHUWD[HV`)
Total Spending on Corporate Social Responsibility
&65DVSHUFHQWDJHRISURWDIWHUWD[
List of activities in which expenditure in 4 above
has been incurred
` 417.74 Crores
` 13,618.46 Crores
` 2,005.4 Crores

L
ii.
iii.
iv.
v.
YL
<(6&20081,7<
YES RISE
Say YES to Sustainable MSMEs in India
YES STEADY
Natural Capital Initiative
<(6LDPWKH&+$1*(VRFLDOOPPRYHPHQW
Annual Business Responsibility Report
Section C: Other Details

1.
2.
.
Does the Company have any Subsidiary Company/

Companies?
Do the Subsidiary Company/Companies participate
in the BR Initiatives of the parent company? If
yes, then indicate the number of such subsidiary
company(s)
Do any other entity/entities (e.g. suppliers,
distributors etc.) that the Company does business
with, participate in the BR initiatives of the
Company? If yes, then indicate the percentage of
VXFKHQWLW\HQWLWLHV">/HVVWKDQ0RUH
WKDQ@
YES (one subsidiary)

All BR activities of the subsidiary company are conducted as part of
the parent company.
No
Section D: BR Information
1. Details of Director/Directors responsible for BR

a)
Details of the Director/Director responsible for implementation of the BR policy/policies

',11XPEHU
1DPH5DQD.DSRRU
'HVLJQDWLRQ0DQDJLQJ'LUHFWRU &(2
b)
Details of the BR head
S.No.
1.
2
3.
4.
5.
Particulars
DIN Number (if applicable)
Name
Designation
Telephone number
e-mail id
Details
N/A
Namita Vikas
6HQLRU3UHVLGHQW &RXQWU\+HDG5HVSRQVLEOH%DQNLQJ
+91 22 3347 9852
[email protected]
2. Principle-wise (as per NVGs) BR Policy/policies (Reply in Y/N)

S.No. Questions
1.
Do you have a policy/policies for....
2.
Has the policy being formulated in consultation with
the relevant stakeholders?
3.
Does the policy conform to any national /international
standards? If yes, specify? (50 words)
4.
Has the policy being approved by the Board?
If yes, has it been signed by MD/owner/CEO/appropriate
Board Director?
5.
'RHVWKHFRPSDQ\KDYHDVSHFLHGFRPPLWWHHRIWKH
%RDUG'LUHFWRU2IFLDOWRRYHUVHHWKHLPSOHPHQWDWLRQ
of the policy?
6.
Indicate the link for the policy to be viewed online?
7.
Has the policy been formally communicated to all
relevant internal and external stakeholders?
P1
Y
Y
P2
Y
Y
P3
Y
Y
P4
Y
Y2
P5
Y
Y
P6
Y
Y
P76
Y
Y
P8
Y
Y2
P9
Y
Y
Y2
N1
Y
N1
Y
N8
Y
N4
Y
N4
Y
N9
Y
N6
Y
N4
Y
N7
Y
69
S.No. Questions
8.
Does the company have in-house structure to
implement the policy/policies.
9.
Does the Company have a grievance redressal
mechanism related to the policy/policies to address
stakeholders grievances related to the policy/policies?
10.
Has the company carried out independent audit/
evaluation of the working of this policy by an internal
or external agency?
1.
70
P5
Y
P6
Y
P76
Y
P8
Y
P9
Y
N3
N5
N3
N3
7.
The Bank has an internal audit unit that carries out

the checks and balances on the Banks adherence
to its policies.
The Bank also adheres to the guidelines laid down

by the Banking Codes and Standards Board of India,
and all regulations framed by the RBI. The Code
of Banks Commitment to Customers is available
at www.yesbank.in. In addition, The Bank has an
internal policy for product appropriateness which is
available internally.
8.
In addition, as the Bank is under the purview

of the Reserve Bank of India, its operations
and activities are subject to review by the
central bank.
The policy is an internal policy of the Bank and

available to employees of the Bank. However, the
Banks key employee practices are available online
at www.yesbank.in/human-capital.html
9.
The Banks Environmental Management Policy is

available on the Banks website at www.yesbank.
in/images/all_pdf/EMSPolicyLatest.pdf, in the
home page.
The ESP is an internal policy of the Bank which is

aligned with its risk assessment systems.
The Bank also has a CSR Policy guiding its CSR
implementation.
5.
P4
Y
The Bank aims to take a leadership position in

LQXHQFLQJSXEOLFSROLF\DQGGLVFRXUVHE\KRVWLQJ
and participating in thought platforms and through
knowledge research. The Mission and Vision
statements of the Responsible Banking practice
underscore this priority and are available in the
Banks Sustainability Report for FY 2014-15, at
www.yesbank.in/investor-relations/sustainabilityreport.html
The Bank has a separate Code of Commitment to

Micro and Small Enterprises, which is available at
www.yesbank.in.
4.
P3
Y
6.
The Bank also adheres to the guidelines laid down

by the Banking Codes and Standards Board of India
towards Financial inclusion.
3.
P2
Y
Some of the Banks practices are audited by internal

and external auditors, while some are audited
internally only.
This is an internal policy of the Bank and available

to employees of the Bank.
<(6%$1.KDVLGHQWLHGWKHXQEDQNHGDQGXQGHU
banked population at the base of the pyramid as
a key marginalized and disadvantaged stakeholder
group and considers Financial Inclusion to be a key
business strategy. The Bank has based its policies
on guidelines and aims of the Reserve Bank of
,QGLD *RYHUQPHQW RI ,QGLD LQWHUQDWLRQDO QDQFH
organizations and peers.
P1
Y
The Bank has several policies that focus on the

rights of employees and external stakeholders.
The Banks complete response to its environmental

priorities and commitments is available in its
Sustainability Report, which is available on
www.yesbank.in/investor-relations/sustainabilityreport.html under Investor Relations.
2a. If answer to S.No. 1 against any principle, is No, please explain why: (Tick up to 2 options) Not applicable
S.No. Questions
1.
The company has not understood the Principles
2.
7KHFRPSDQ\LVQRWDWDVWDJHZKHUHLWQGVLWVHOILQ
a position to formulate and implement the policies on
VSHFLHGSULQFLSOHV
3.
7KHFRPSDQ\GRHVQRWKDYHQDQFLDORUPDQSRZHU
resources available for the task
4.
It is planned to be done within next 6 months
5.
It is planned to be done within the next 1 year
6.
Any other reason (please specify)
3. Governance related to BR
Indicate the frequency with which the Board
of Directors, Committee of the Board or CEO
to assess the BR performance of the Company.
Within 3 months, 3-6 months, Annually, More
than 1 year
The Bank has a CSR Committee of the Board,
which meets quarterly with the Managing
'LUHFWRU &(2 DQG 6HQLRU 3UHVLGHQW
Country Head Responsible Banking
P1
The Bank publishes its Sustainability Disclosures

as part of its Annual Report which is based on
the GRI framework. The Disclosures for FY 201314 are included in this Annual Report and can be
accessed at www.yesbank.in/investor-relations/
annual-reports.html
P3
P4
P5
P6
P7
P8
P9
Section E: Principle-wise performance

Principle 1
1.
Does the policy relating to ethics, bribery and

corruption cover only the company? Yes/ No. Does
it extend to the Group/Joint Ventures/ Suppliers/
Contractors/NGOs /Others?
The Bank has a separate Vendor Management
Policy that covers the pertinent issues related to
ethics, bribery and corruption.
2.
How many stakeholder complaints have been

UHFHLYHG LQ WKH SDVW QDQFLDO \HDU DQG ZKDW
percentage was satisfactorily resolved by the
management? If so, provide details thereof, in
about 50 words or so.
Please refer to page numbers 207 for Customer
Complaints, page numbers 145 for Shareholder
Complaints in this Annual Report.
,Q DGGLWLRQ 7KH 0DQDJLQJ 'LUHFWRU &(2

reviews the Banks BR performance with the
6HQLRU3UHVLGHQW &RXQWU\+HDG5HVSRQVLEOH
Banking periodically. The Senior President
&RXQWU\ +HDG 5HVSRQVLEOH %DQNLQJ LV
DOVR D SDUW RI WKH YH PHPEHU 0DQDJHPHQW
Committee which represents at meetings of
the Board of Directors.
Does the Company publish a BR or a
Sustainability Report? What is the hyperlink
for viewing this report? How frequently it is
published?
Yes. YES BANK reports on its sustainability
performance in its annual Sustainability
Report. The report is available online at www.
yesbank.in/investor-relations/sustainabilityreport.html
P2
For Employee complaints, please refer to page 39 of

the Sustainability Disclosures in this Annual Report.
Principle 2
1.
List up to three of your products or services whose

design has incorporated social or environmental
concerns, risks and/or opportunities.
i. Inclusive and Social Banking YES MONEY/
YES SAHAJ/YES LEAP/YES Kisan Dairy Plus/
0LFURQDQFHDQG$IIRUGDEOH+RXVLQJ
ii.
Sustainable Investment Banking and Corporate

Finance Lending and advisory in RE/water etc.
iii. Agri-business and Rural Banking
71
2.
For each such product, provide the following

details in respect of resource use (energy, water,
raw material etc.) per unit of product (optional):
i. Reduction during sourcing/production/
distribution achieved since the previous year
throughout the value chain?
On account of the nature of our services,
the major resource consumed at the Bank is
paper. During the year, the Bank has focused
on reducing its consumption of paper through
printing and managing its paper procurement
practices.
3.
The Banks Strategic Sourcing Department

communicated its practices and standards with
suppliers and vendors, including pertinent
clauses in procurement contracts on labor
practices and human rights.
Through its focus on paperless banking, the

Bank has witnessed a steady increase in mobile
and internet banking, and more customers are
moving towards electronic statements.
The Banks paper waste is disposed responsibly
through third party vendors and recyclers.
With regard to water consumption, the Banks
primary usage is for domestic purposes.
4.
The Bank consumes diesel to run diesel

generators in branches in locations with
electricity shortages. The Bank, as a rule, only
SURFXUHV HQHUJ\ HIFLHQW JHQHUDWRU VHWV WKDW
consume less power, with reduced emissions
and low noise.
For more details on the Banks initiatives to
reduce its resource consumption, please refer
to the Sustainability Disclosures FY 2014-15
within this Annual Report.
ii.
5.
72
Has the company taken any steps to procure

goods and services from local & small producers,
including communities surrounding their place
of work? If yes, what steps have been taken to
improve their capacity and capability of local and
small vendors?
Yes. The Bank achieved success in using the Business
&RUUHVSRQGHQW PRGHO IRU QDQFLDO LQFOXVLRQ RI
the unbanked and under-banked population in
rural and urban India. For YES MONEY, the Bank
enrolled local retail and grocery stores as business
correspondents providing remittance services to
local communities.
The Business Correspondents were hired from
the local regions where they operated, and were
trained in banking operations.
The Bank is present in all states of India, and branches
procure locally for stationary, food and beverages and
other items required for normal operations. The Bank
has worked with most vendors to bring them up to
procurement standards and requirements.
Reduction during usage by consumers (energy,

water) has been achieved since the previous
year?
$V WKH %DQNV SURGXFWV DUH QDQFLDO VHUYLFHV
resource consumption during usage by
consumers is minimal.
The Bank has focused on increasing paperless
banking and has achieved strong growth
in mobile banking, internet banking and
e-statements, thus reducing paper usage
among customers.
Does the company have procedures in place for

sustainable sourcing (including transportation)?
i. If yes, what percentage of your inputs was
sourced sustainably? Also, provide details
thereof, in about 50 words or so.
The primary resource consumption of the
Bank includes printing paper, municipal water
and diesel. The Bank entered into vendor
agreements for responsible procurement of
paper, and tracks consumption of resources to
reduce wastage.
Does the company have a mechanism to recycle

products and waste? If yes what is the percentage
of recycling of products and waste (separately as
<5%, 5-10%, >10%). Also, provide details thereof,
in about 50 words or so.
Yes. The Banks primary waste products comprised
paper waste, municipal waste and electronic
waste. The Bank put in place mechanisms for the

responsible disposal of waste through authorized
third party vendors. The Bank has a national vendor
for the disposal of e-waste and local vendors for
disposal of paper.
3.
Please indicate the Number of permanent women

employees.
The Bank had 1,935 permanent women employees
on March 31, 2015
4.
Please indicate the Number of permanent

employees with disabilities
The Bank, being an Equal Opportunity Employer,
made no distinction between employees on the
basis of disabilities.
The Banks waste management practices have

been documented in the Sustainability Disclosures
FY 2014-15, which are a part of this Report.
Principle 3
1.
Please indicate the Total number of employees.

As on March 31, 2015, YES BANK has 10,810
employees.
5.
Do you have an employee association that is

recognized by management?
The Bank does not have an employee association.
2.
Please indicate the Total number of employees

hired on temporary/contractual/casual basis.
All employees at the Bank are hired on a permanent
basis.
6.
What percentage of your permanent employees is

members of this recognized employee association?
The Bank has no permanent employee as members
of any recognized employee association.
7.
Please indicate the Number of complaints relating to child labour, forced labour, involuntary labour, sexual
KDUDVVPHQWLQWKHODVWQDQFLDO\HDUDQGSHQGLQJDVRQWKHHQGRIWKHQDQFLDO\HDU
S.No. Category
1.
2.
3.
8.
Child labour/forced labour/involuntary labour

Sexual harassment
Discriminatory employment
What percentage of your under mentioned

employees were given safety & skill up- gradation
training in the last year?
i. Permanent Employees
During the reporting period, 9,275 employees
were covered in 1,596 training programs which
ZHUH GLYLGHG LQWR WKH EURDG FDWHJRULHV RI
Behavioral and Leadership Skills, Employee
Induction, Mandatory Policies and Compliance,
Process Training and Product Training.
ii.
1RRIFRPSODLQWVOHG
GXULQJWKHQDQFLDO\HDU
0
7
0
Permanent Women Employees

1,627 women employees were imparted
WUDLQLQJGXULQJWKH\HDUZKLFKLVRYHURI
the Banks total women employees.
No of complaints pending as
RQHQGRIWKHQDQFLDO\HDU
0
0
0
iv. Employees with Disabilities

The Bank does not measure this metric.
Principle 4
1.
Has the company mapped its internal and external

stakeholders? Yes/No
2XW RI WKH DERYH KDV WKH FRPSDQ\ LGHQWLHG

the disadvantaged, vulnerable & marginalized
stakeholders?
The Bank views the under-banked and
unbanked population in rural and urban India
as disadvantaged in terms of integration into
Indias mainstream economy, which leaves them
vulnerable to economic and social exploitation.
iii. Casual/Temporary/Contractual Employees

Not applicable as the Bank only hires
employees on a permanent basis.
73
3.
Bank also engages with external stakeholders to

DGRSWHQYLURQPHQWDOEHVWSUDFWLFHVDQGLQXHQFHV
Are there any special initiatives taken by the

company to engage with the disadvantaged,
vulnerable and marginalized stakeholders? If so,
provide details thereof, in about 50 words or so.
Yes. The Banks unique CSR initiative called YES
&20081,7< UHDFKHG FRPPXQLWLHV DURXQG LWV
branches across India on pertinent social and
environmental issues. In alignment with the CSR
Rules 2014, the Bank has launched several positive
impact initiatives.
The Banks Environmental Management Policy

guided the Bank towards achieving internal
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Through these overarching policies, the Company
LQXHQFHG HPSOR\HHV FXVWRPHUV DQG YHQGRUV RQ
pertinent environmental issues.
2.
Does the company have strategies/ initiatives

to address global environmental issues such as
climate change, global warming, etc.? Y/N. If yes,
please give hyperlink for webpage etc.
Yes. The Bank was a signatory to international
SURWRFROVDQGLQLWLDWLYHVVXFKDVWKH81(3)LQDQFH
Initiative, CDP (formerly Carbon Disclosure Project),
WKH 1DWXUDO &DSLWDO 'HFODUDWLRQ DQG 81 *OREDO
Compact, where the Bank has made commitments
on global issues of environmental and social
VLJQLFDQFHDQGUHSRUWVLWVSHUIRUPDQFHDQQXDOO\
7KH %DQNV (QYLURQPHQW 6RFLDO 3ROLF\

LQFRUSRUDWHV ( 6 ULVNV LQWR LWV OHQGLQJ SUDFWLFHV
thus making its lending more sustainable.
The Bank, through its Inclusive and Social Banking

unit, has successful products and services that cater
to the under-banked and unbanked populations
in rural and urban India, such as YES MONEY, YES
LEAP, YES Kisan Dairy Plus and YES SAHAJ.
)RU LQIRUPDWLRQ SOHDVH UHIHU WR SDJH QXPEHUV

46 to 48 in our Annual Report 2014-15
Principle 5
1.
2.
Does the policy of the company on human rights

cover only the company or extend to the Group/Joint
Ventures/Suppliers/Contractors/NGOs/Others?
The Bank implemented policies that covered
YDULRXV DVSHFWV RI KXPDQ ULJKWV VSHFLF WR LWV
employees as well as redressal mechanisms. The
Bank included pertinent clauses related to human
rights in its agreements with vendors, including
their adherence to labor laws and employee rights.
How many stakeholder complaints have been
UHFHLYHGLQWKHSDVWQDQFLDO\HDUDQGZKDWSHUFHQW
was satisfactorily resolved by the management?
The Bank did not receive any complaint in the
area of human rights violations from internal or
external stakeholders.
Principle 6
1.
74
Does the policy related to Principle 6 cover only the

company or extends to the Group/Joint Ventures/
Suppliers/Contractors/NGOs/others.
<HV 7KH %DQNV (QYLURQPHQWDO 6RFLDO 3ROLF\
incorporates environmental and social risks and
imperatives into its lending decisions. The Policy
is based on guidelines from Equator Principles and
IFC, and ensures that the Bank abstains from lending
to socially and/or environmentally irresponsible
businesses or ventures. Guided by the policy, the
Guided by its Environmental Management Policy,

WKH%DQNLVWKHUVW,QGLDQEDQNWREH,62
FHUWLHG IRU (QYLURQPHQW 0DQDJHPHQW 6\VWHP
demonstrating its commitment to mitigating its
own environmental impact.
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provide a Green Energy Commitment (GEC) of
QDQFLQJ *: 0: RI UHQHZDEOH HQHUJ\
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to bolster proactive involvement of industry into
clean energy portfolios and enable the Government
to achieve its target of generating 100 GW of Solar,
60 GW of Wind, 10 GW of Bio-Energy and 5 GW of
Small Hydro power by 2022.
The Bank also had issued Indias FIRST ever Green
Infrastructure Bonds, raising an amount of ` 1000
Crores. The amount raised will be used by the
%DQN WR QDQFH *UHHQ ,QIUDVWUXFWXUH 3URMHFWV LQ
Renewable Energy including Solar Power, Wind
Power, Biomass and Small Hydel Projects. KPMG,
India will be providing the Assurance Services
sector, in renewable energy, waste management

DQG RWKHU VHFWRUV ZLWK VLJQLFDQW HQYLURQPHQWDO
impact.
annually, on the use of proceeds in accordance with

the Green Bond principles.
The Banks Sustainability Report is available online
DW
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sustainability-report.html
The Banks latest CDP response can be accessed at
www.cdp.net.
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Bank has several initiatives to rationalize resource
consumption and reduce its ecological footprint.
<(6 %$1. LV DOVR WKH UVW SULYDWH VHFWRU EDQN WR
provide a Green Energy Commitment (GEC) of
QDQFLQJ *: 0: RI UHQHZDEOH HQHUJ\
SURMHFWVRYHUWKHQH[WYH\HDUV7KLVLQLWLDWLYHLVWR
bolster proactive involvement of industry into clean
energy portfolios and to enable the Government to
achieve its target of generating 100 GW of Solar,
60 GW of Wind, 10 GW of Bio-Energy and 5 GW of
Small Hydro power by 2022.
The Banks Communication on Progress 2014 to

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org/COPs/advanced/127871
3.
Does the company identify and assess potential

environmental risks? Y/N
Yes. The Bank assesses its environmental risk in
multiple ways. The Banks Environment and Social
Policy sets the guidelines through which the
Bank assesses the social and environmental risks
associated with its lending.
The Bank also had issued Indias FIRST ever Green

Infrastructure Bonds raising an amount of ` 1000
Crores. The amount raised will be used by the
%DQN WR QDQFH *UHHQ ,QIUDVWUXFWXUH 3URMHFWV LQ
Renewable Energy including Solar Power, Wind
Power, Biomass and Small Hydel Projects.
79 of the Banks locations, including 76 major branches

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SDUW RI WKH FHUWLFDWLRQ WKH %DQNV (QYLURQPHQWDO
Management Policy administers the assessments and
mitigation of its environmental risks.
KPMG will be providing the Assurance Services

annually, on the use of proceeds in accordance with
the Green Bond principles.
The Bank has a Reputational Risk Management

Committee overseeing its preparedness for
PDQDJLQJWKH( 6ULVNVRILWVRSHUDWLRQV
4.
5.
Does the company have any project related to

Clean Development Mechanism? If so, provide
details thereof, in about 50 words or so. Also, if
Yes, whether any environmental compliance report
LVOHG"
The Bank has a large portfolio in clean energy, water
and waste that is highlighted in the Sustainability
Disclosures, which are a part of this Annual Report.
Several of the projects that the Bank has funded
may be related to CDM.
Has the company undertaken any other initiatives
RQFOHDQWHFKQRORJ\HQHUJ\HIFLHQF\UHQHZDEOH
energy, etc. Y/N. If yes, please give hyperlink for
web page etc.
Yes. The Bank has one of the largest active debt
and advisory portfolios in the Indian banking
The Banks initiatives and actions are included

in the Sustainability Disclosures included in this
Annual Report.
6.
Are the Emissions/Waste generated by the company

within the permissible limits given by CPCB/SPCB
IRUWKHQDQFLDO\HDUEHLQJUHSRUWHG"
Yes. The Banks primary wastes paper and
electronic waste, are recycled to the maximum
extent possible through third party vendors. The
Banks emissions and waste are within permissible
limits of the laws applicable. The Bank uses low
noise and low emission diesel generator sets at its
branches to lower its emissions.
7.
Number of show cause/ legal notices received from

CPCB/SPCB which are pending (i.e. not resolved to
satisfaction) as on end of Financial Year.
The Bank has not received any notice during the
reporting year.
75
Principle 7
1.
Is your company a member of any trade and

chamber or association? If Yes, Name only those
major ones that your business deals with:
a. ASSOCHAM
b. CII
F 86,%&86,QGLD%XVLQHVV&RXQFLO
d. Indian Banks Association
The details of the Banks programs and initiatives

are included in the Sustainability Disclosures
FY 2013-14 that are part of this Annual Report.
2.
For a complete list of the Banks associations,

please refer to the Banks Sustainability Report that
can be accessed at www.yesbank.in
2.
Have you advocated/lobbied through above

associations for the advancement or improvement
of public good? Yes/No; if yes specify the broad
areas (drop box: Governance and Administration,
Economic Reforms, Inclusive Development Policies,
Energy security, Water, Food Security, Sustainable
Business Principles, Others)
Through broad level actions, the Bank actively
ZRUNV WRZDUGV LQXHQFLQJ SXEOLF SROLF\ DQG
thought leadership in India and internationally.
The Bank has a member of several international
protocols and initiatives that bring stakeholders
together on pertinent causes.
The Banks initiatives on CSR and sustainable

development are driven by Responsible Banking in
alignment with pertinent business units.
3.
4.
76
Have you done any impact assessment of your

initiative?
Yes. The socio-economic impact of the performance
of the Banks key products and services catering to
the Base of the Pyramid is part of the Sustainability
Disclosures within this Annual Report.
The impact of the Banks programs and initiatives
driven by Responsible Banking and YES
)281'$7,21 DUH LQFOXGHG LQ WKH 6XVWDLQDELOLW\
Disclosures, as part of this Annual Report.
More details of the Banks policy advocacy actions

are available in its Sustainability Report that can
be accessed at www.yesbank.in.
'RHV WKH FRPSDQ\ KDYH VSHFLHG SURJUDPPHV

initiatives/projects in pursuit of the policy related
to Principle 8? If yes details thereof.
Yes. The Banks Inclusive and Social Banking unit
has several products and services that cater to the
Base of the Pyramid, and are aimed at providing
banking services to the unbanked and underbanked population of India.
<(6 )281'$7,21 WKH %DQNV VRFLDO GHYHORSPHQW

arm, drives several key initiatives with a vision to
build an Empowered and Equitable India.
These organizations work closely with their
partners, which include business service providers,
NGOs and others to deliver on the ground.
7KH EDQN LV D VLJQDWRU\ WR WKH &'3 WKH 81(3

)LQDQFH ,QLWLDWLYH 81 *OREDO &RPSDFW DQG WKH
Natural Capital Declaration and participates in
national and international forums and discussions
on issues relating to climate change, natural capital,
VXVWDLQDEOHQDQFHDQGLQFOXVLYHGHYHORSPHQW
Principle 8
Are the programmes/projects undertaken through

in-house team/own foundation/external NGO/
government structures/any other organization?
The Banks Food and Agribusiness Research
0DQDJHPHQW )$50 LV D %XVLQHVV 8QLW WKDW KDV
several projects, products and services that cater to
the Base of the Pyramid and provide banking to the
under-banked and unbanked population.
What is your companys direct contribution to

community development projects- Amount in INR
and the details of the projects undertaken.
The Banks unique community engagement
LQLWLDWLYH FDOOHG <(6 &20081,7< FRQQHFWHG WKH
Bank with local communities around its branches
across India. The Bank has also launched several
positive impact initiatives in alignment with the
CSR Rules 2014. Details of the Banks CSR spend
is included in the Directors Report as a part of this
Annual Report.
complied fully with the regulations of the RBI

IRU QDQFLDO SURGXFWV DQG LV D PHPEHU RI WKH
Banking Codes and Standards Board of India, an
independent watch dog for service quality.
The Bank partners with community organizations,

NGOs and Government bodies, on many of its
programs to deliver on-ground impact.
The performance and impact of the Banks programs
and initiatives is included in the Sustainability
Disclosures that are part of this Annual Report.
5.
Have you taken steps to ensure that this community

development initiative is successfully adopted by
the community? Please explain in 50 words, or so.
Through effective stakeholder engagement, the
Bank ensures its community engagement initiatives
are relevant, effective and replicable.
The Bank has in place the systems and reporting
practices which ensures that the socio-economic
and environmental impact of its programs is
measured periodically. The CSR Committee of
the Board meets in every quarter to review the
successful implementation of its programs.
Principle 9
1.
2.
All notices are displayed at branches as per the

requirements of the RBI. The Bank trained its staff
in client-facing roles as a part of its Suitability and
Appropriateness Policy.
What percentage of customer complaints/consumer

FDVHVDUHSHQGLQJDVRQWKHHQGRIQDQFLDO\HDU
Please refer to page numbers 207 in this
Annual Report.
Does the company display product information on
the product label, over and above what is mandated
as per local laws? Yes/No/N.A. /Remarks(additional
information)
The Bank has followed the highest standards
of product and service responsibility. The Bank
A comprehensive list of customer policies that

the Bank adheres to, are available on the Banks
website at www.yesbank.in.
,VWKHUHDQ\FDVHOHGE\DQ\VWDNHKROGHUDJDLQVW
the company regarding unfair trade practices,
irresponsible advertising and/or anti-competitive
EHKDYLRXU GXULQJ WKH ODVW YH \HDUV DQG SHQGLQJ
DV RQ HQG RI QDQFLDO \HDU ,I VR SURYLGH GHWDLOV
thereof, in about 50 words or so.
There are no such cases against the Bank.
4.
Did your company carry out any consumer survey/

consumer satisfaction trends?
7KH %DQNV &KLHI ([SHULHQFH 2IFHU GULYHV WKH
Banks customer satisfaction initiatives and
measurement and regularly conducts customer
satisfaction surveys. Survey insights and the Banks
customer satisfaction performance are reported in
the Banks Sustainability Report, available on its
website at www.yesbank.in.
77
Statutory Reports
Management Discussion
and Analysis
Executive Overview
Macro-Economic and Industry Overview

As per IMF estimates (World Economic Outlook, January
2015), World GDP growth remained unchanged at 3.3%
in 2014. Global economic growth continued to remain
uneven while advanced economies like the US,
Eurozone, and UK are expected to have gained traction
in 2014, emerging economies like China, Russia, Brazil,
etc. are expected to see a slowdown in their respective
economies. Overall, it appears that the pace of economic
UHFRYHU\LVJHWWLQJPDUNHGE\VSHFLFLW\
7ZR LPSRUWDQW QDQFLDO PDUNHW GHYHORSPHQWV WKDW
stood out during 2014 was the appreciation of the US
dollar and the sharp fall in global commodity prices.
On a real trade weighted basis, the US dollar gained
by 7.1% in 2014 as stronger than expected economic
growth and expectations regarding the normalization
of monetary policy by the US Federal Reserve supported
the currency vis-a-vis its major trading partners.
Global commodity prices saw a sharp correction with
the benchmark CRB Commodity Index falling by 17.9%
in 2014. The decline in commodity prices was led by
FUXGHRLOZKLFKIHOOE\DVLJQLFDQW%UHQWGXULQJ
2014. Decline in oil price is partly due to unexpected
demand weakness in some major economies, especially
China and the appreciation of the US dollar. A larger
role was however played by oil supply factors, including
the decision of the Organization of the Petroleum
Exporting Countries to maintain status quo in its
production levels despite the steady rise in production
from non-OPEC producers, especially the US.
'LIIHULQJHFRQRPLFRXWORRNVZHUHUHHFWHGLQGLYHUJLQJ
monetary policies, which fed through into foreign
H[FKDQJH PDUNHWV $PLG D RRG RI PRQHWDU\ HDVLQJ
by advanced economy central banks in recent months,
the US Federal Reserve was the main exception. Market
participants continue to expect that the Fed would start
hiking its federal funds rate target in late 2015.
78
In contrast, the European Central Bank provided

additional monetary stimulus through an expanded asset
purchase program of EUR 1.1 trillion, which encompasses
existing programs for asset-backed securities and
covered bonds, and also includes additional purchases
of bonds issued by euro area central governments,
agencies and European institutions. Against the global
EDFNGURS RI WKH GLVLQDWLRQDU\ LPSDFW RI SOXQJLQJ RLO
prices, weak demand and increasing foreign exchange
market tensions, a wave of monetary policy easing was
seen towards the last few months of FY 2014-15. The
policy rates of four central banks - the ECB and the
central banks of Denmark, Sweden and Switzerland are
currently in negative territory.
The Indian economy started FY 2014-15 on a positive
QRWH ZLWK VLJQLFDQW LPSURYHPHQW LQ PDUNHW DQG
business sentiment, following the General Elections in
May 2014. Thereafter, a supportive global commodity
price environment along with gradual improvement in
governance resulted in moderate increase in economic
output. As per the new revamped series (with FY 201112 as the base year), GDP growth for FY 2014-15 is
expected to come at 7.4% from 6.9% in FY 2013-14.
Barring agriculture, mining, and trade, transport and
communication services, all other sectors are expected
to show improvement in their sectoral performance as
per CSOs (Central Statistical Organization) advance
estimate. Overall the improvement in headline GDP
growth in FY 2014-15 is projected to be led by sectors
OLNHHOHFWULFLW\QDQFHDQGPDQXIDFWXULQJ
,QDWLRQ DV PHDVXUHG E\ WKH &3, &RQVXPHU 3ULFH
Index) showed a substantial decline during FY 201415. After averaging close to 10.0% over a period of six
years between FY 2008-09 till FY 2013-14, average
&3,LQDWLRQIHOOWRLQ)<)RRGLQDWLRQ
moderated considerably, aided by a limited increase
in minimum support prices for food grains, muted
UXUDO ZDJH JURZWK DQG WKH JRYHUQPHQWV RIRDGLQJ
of foodstocks. Sharp drop in crude oil prices helped
PRGHUDWH IXHO LQDWLRQ WKRXJK KLNHV LQ H[FLVH GXW\
Management Discussion and Analysis
limited the pass-through of global oil prices to domestic

UHWDLOSULFHV7KHFHQWUDOEDQNVVWURQJDQWLLQDWLRQDU\
VWDQFHDQGWKHGHFOLQLQJWUHQGLQWKHVFDOGHFLWERGH
ZHOO IRU FRUH LQDWLRQ ZKLFK KDV UHPDLQHG EHORZ
since November 2014.
7KH GLVLQDWLRQDU\ PRPHQWXP ZDV DOVR PDQLIHVWHG
by WPI (Wholesale Price Index), which has remained
in the negative territory since November 2014 and has
averaged at 2.1% during FY 2014-15 vis--vis 6.0% in
FY 2013-14.
Indias external sector vulnerability, which came to the
IRUHIURQW LQ WKH UVW KDOI RI )< VDZ IXUWKHU
LPSURYHPHQW DIWHU WKH VLJQLFDQW FRPSUHVVLRQ LQ WKH
second half of FY 2013-14. After correcting to 1.7% of
*'3LQ)<WKHFXUUHQWDFFRXQWGHFLW&$'LV
expected to improve towards 1.3% in FY 2014-15 as per
the Economic Survey presented by the Finance Minister
in February 2015. The expected improvement in CAD is
largely on the back of slide in global commodity prices
since June 2014.
Even as the government is expected to meet the
KHDGOLQHVFDOGHFLWWDUJHWRIRI*'3LQ)<
WKHTXDOLW\RIVFDODGMXVWPHQWUHPDLQHGDFRQFHUQ
With shortfall in gross tax revenue and disinvestment
receipts, the government is expected to compensate by
pruning its productive capital expenditure.
During FY 2014-15, the Indian rupee traded in a band
of 58.46-63.68. The currency remained below the 60
level to a dollar after the announcement of the general
election results in May 2014, as the underlying portfolio
LQRZVLQERWKHTXLW\DQGGHEWLQVWUXPHQWVZHUHVHHQ
to be supportive. Thereafter, rupee started to depreciate
LQ D YHU\ JUDGXDO IDVKLRQ FORVLQJ WKH QDQFLDO \HDU
at 62.50. The mild depreciation in rupee occurred
despite a benign global commodity price environment
UHVXOWLQJLQFRPSUHVVLRQRIWKHWUDGHGHFLWDQGUREXVW
surplus on the balance of payments account. As per
the Economic Survey tabled in February 2015, the
government expects a BoP surplus of USD 26 Billion
in FY 2014-15. The moderate depreciation in rupee
can be attributed to RBIs continued dollar purchases
IURP WKH PDUNHW DQG DOVR WKH VLJQLFDQW DSSUHFLDWLRQ
in the US dollar the DXY Index, which tracks nominal
movement in the US dollar against a basket of six major
currencies, gained by 22.8% during FY 2013-14.
As per the new revamped series (with FY 201112 as the base year), GDP growth for FY 201415 is expected to come at 7.4% from 6.9% in
FY 2013-14. Barring agriculture, mining, and
trade, transport and communication services, all
other sectors are expected to show improvement
in their sectoral performance as per CSOs (Central
Statistical Organization) advance estimate.
On the monetary policy front, after increasing repo rate
by 25 basis points to 8.00% in January 2014, the RBI
maintained status quo till December 2014. With CPI
LQDWLRQ WUDMHFWRU\ WXUQLQJ RXW WR EH ORZHU WKDQ 5%,V
estimates, repo rate was lowered by 25 basis points to
7.75% in January 2015. This was followed by another
25 basis points cut to 7.50% in March 2015 on the back
RIIXUWKHULPSURYHPHQWLQLQDWLRQWUDMHFWRU\DIWHUWKH
revamping of the CPI series by the CSO (with 2012 as
EDVH\HDUDQGTXDOLW\VFDODGMXVWPHQWLQWKH)<
16 Union Budget presented in February 2015.
/LTXLGLW\ FRQGLWLRQV UHPDLQHG LQ WKH GHFLW GXULQJ
)< /LTXLGLW\ GHFLW DIWHU DGMXVWLQJ IRU GDLO\
CRR maintenance) deteriorated from ` 114,095 Crores
in end-April 2014 to ` 126,075 Crores in end-July 2014
on account of seasonal factors like increase in currency
in circulation. Thereafter, liquidity remained broadly
FRPIRUWDEOHZLWKWKHGHFLWHDVLQJWR` 43,545 Crores in
end-February 2015 with pickup in government spending
and dollar purchases done by the RBI. Between April
2014 and January 2015, the RBI had infused ` 245,527
Crores through its various foreign exchange operations.
This more than compensated for the ` 144,160 Crores
drain on liquidity coming from increase in currency in
circulation in FY 2014-15. However, liquidity tightened
during the month of March 2015 as the government
curbed expenditure to meet its FY 2014-15 target
IRU VFDO GHFLW DQG DOVR RQ DFFRXQW RI WKH VHDVRQDO
WLJKWQHVV FRPLQJ IURP 4 DGYDQFH WD[ RXWRZ IURP
WKHEDQNLQJV\VWHP7KH\HDUHQGOLTXLGLW\GHFLWZDV
` 111,869 Crores as of March 31, 2015.
Business Segment Overview

Corporate Banking
Your Banks Corporate Banking (CB) division provided

FRPSUHKHQVLYHQDQFLDODQGULVNPDQDJHPHQWVROXWLRQV
79
Statutory Reports
Commercial Banking
In line with the global aspirations of clients,

your Bank created a widespread partner network
RI RYHU LQWHUQDWLRQDO EDQNV QDQFLDO
LQVWLWXWLRQV DQG RIFLDO ERGLHV <RXU %DQN
executed marquee transactions across products
and geographies through its global banking
partner network
to large corporate clients with a turnover greater than
` 500 Crores. Your Banks professional relationship
experts based across all major metros and Tier-I cities.
Forged value-based long-term relationships with the
top management and promoters of almost all large
corporate houses in India.
Your Bank strengthened its customer relationships
through a core relationship management approach,
which helped create multiple touch-points with clients
through specialized product managers.
<RXU%DQNRIIHUHGFOLHQWDQGLQGXVWU\VSHFLFSURGXFWVLQ
a timely manner by understanding customer businesses,
market conditions and industry developments. This
GLVWLQFWLYHDSSURDFKWUDQVODWHGLQWRPXWXDOO\EHQHFLDO
relationships with clients in knowledge-driven sectors
like life sciences and healthcare, information technology,
food and agribusiness, manufacturing, infrastructure,
media and entertainment, hospitality and education,
among others.
Your Banks CB division offered comprehensive client
focused Corporate Banking Services comprising
Working Capital Finance, Term Loans, Specialized
Corporate Finance Products, Trade & Transaction
Banking Products, Cash Management Services, Debt
Capital Markets, Treasury Services, Investment Banking
Solutions and Liquidity Management Solutions, among
others. Your Bank prioritized credit quality and all
offerings were made following a rigorous analysis of
WKHFOLHQWVULVNSUROHDVZHOODVSURDFWLYHPRQLWRULQJ
of credit, market and operational risks.
Your Bank remained committed to continuous
improvement in terms of service, risk management
and product portfolio through in-house research,
benchmarking and client orientation.
80
Indias emergence as a global manufacturing hub and

service provider has translated into a steady growth
in your Banks commercial banking segment. Catering
to high-growth clients with a turnover of ` 100 500
Crores. Your Bank adopted a differentiated go-tomarket and segmented client relationship management
strategies to address the needs of this growing segment.
Given the high-growth nature of your Banks clients,
the Commercial Banking group adopted a Lifecycle
Banking philosophy and through a Money Doctor
approach, balanced client requirements and the Banks
risk strategies, offering a customized product suite,
comprising Capital Market services, M&A Advisory,
Corporate Finance and Project Advisory in addition to
general banking products like Working Capital, Term
Funding, Liabilities, Investments, Insurance, Trade
Finance, Cash Management and Treasury, among others.
Your Bank helped forge a number of success stories
across industries, such as media and entertainment,
consumer goods, gem and jewellery, life sciences and
healthcare, food, agribusiness and auto ancillaries.
Besides, the Commercial Banking group addressed the
linked and ancillary businesses of Corporate Banking
clients, ensuring relationships deepening, retention,
cross sell, referral-led business origination and capital
HIFLHQF\
This differentiated positioning made it possible for
your Banks Commercial Banker to evolve into a trusted
advisor.
Government Relationship Management

At YES BANK Limited, the Government Relationship
0DQDJHPHQW *50 WHDP FRPSUHKHQGV WKH QDQFLDO
needs of Central and State Government undertakings
DQG DIOLDWHV 7KH GLYLVLRQ OHYHUDJHG LWV .QRZOHGJH
Banking approach and technology leadership to deliver
secure and user-friendly solutions.
2YHU WKH \HDUV \RXU %DQN KDV SURYLGHG QDQFLDO
and advisory services to Ministries under the Union
Government, State Governments, Central and State
Public Sector Undertakings (PSUs), Boards and other
DIOLDWHV<RXU%DQNUHPDLQHGFRPPLWWHGWRGHOLYHULQJ
innovative, structured and comprehensive solutions,
accomplishing several landmark transactions with
Maharatnas, Navratnas, Mini-Ratnas and other apex

institutions and developed meaningful relationships
with over 600 entities across India. The GRM Group
remained committed to the core values of client
origination, innovation and superior service.
Your Bank made concerted efforts to support
educational, religious and sporting institutions across
India through unique transaction banking offerings
aimed at streamlining the working capital management
of these apex and nationally important institutions.
Your Bank made inroads into the welfare trusts
management of leading Central and State Public
Sector Undertakings through its differentiated SA
offering, complementing your Banks efforts to build a
sustainable CASA book.
Indian Financial Institutions Relationship

Management
Your Banks Indian Financial Institutions (IFI) group
LQWHUIDFHV ZLWK NH\ GRPHVWLF QDQFLDO LQVWLWXWLRQV
The team primarily engages in offering banking
VROXWLRQV WR GRPHVWLF EDQNV QRQEDQNLQJ QDQFH
FRPSDQLHV KRXVLQJ QDQFH FRPSDQLHV PLFUR QDQFH
institutions, insurance companies, insurance brokers,
PXWXDOIXQGVQDQFLDOLQVWLWXWLRQVFRRSHUDWLYHEDQNV
regional rural banks and capital market participants
(stock exchanges, stock brokers, commodity exchanges,
FRPPRGLW\EURNHUVTXDOLHGIRUHLJQLQYHVWRUVIRUHLJQ
institutional investors, private equity funds, provident
funds, pension funds, primary dealers, depositories,
AD II licence holders and payment aggregators).
<RXU %DQN FXVWRPL]HV VSHFLF VROXWLRQV IRU GRPHVWLF
QDQFLDO LQVWLWXWLRQV WKDW HQKDQFHV WUDQVDFWLRQDO
HIFLHQFLHVOHDGLQJWRHQGXULQJUHODWLRQVKLSV
During FY 2014-15, your Bank successfully raised Indias
maiden Green Infrastructure Bonds aggregating ` 10
Billion. As a strategy to reduce cost of funds, your Bank
actively engages with institutions like SIDBI, NABARD,
(;,0 %DQN DQG 1+% WR DYDLO UHQDQFH DQG ZLWK
overseas branches of domestic banks to avail foreign
currency long-term borrowings.
In line with the vision to build the Finest Quality Bank
of the World in India your Bank grew the number of
domestic relationships exponentially, enhancing
granular liability through a pioneering technological

platform and following breakthroughs:
Nodal Bank offering for payment aggregators,
Escrow arrangement for e-wallet players, and ADII related transactions for money changers and
foreign-exchange related players, among other
such customized services
Online RTGS/NEFT collections (e-collections)
and National Automated Clearing House (NACH)
offering which found favor among NBFCs, mutual
funds, brokers and insurance companies
Correspondent Banking with cooperative banks
by offering sub-membership of RTGS and NEFT
services, improved and automated solutions
for cheque clearing under CTS, integrated ATM
transaction solutions, collection of subsidy and
grants under DBTL scheme, and integrated
investment solutions viz. CSGL account services to
EHQHWWKHPDQGWKHLUFXVWRPHUV
International Banking
In line with the global aspirations of clients, your
Banks International Banking Group has created a
widespread partner network of over 950 international
EDQNV QDQFLDO LQVWLWXWLRQV DQG RIFLDO ERGLHV <RXU
Bank executed marquee transactions across products
and geographies through its global banking partner
network.
YES-International Banking business group provides a
complete suite of products (Debt, Trade Finance, Treasury
Services, Investment Banking Solutions, Remittance
Solutions, Financial Advisory and Global Indian
Banking) to international customers. These products
were offered through alliances with international banks
and institutions in targeted geographies. Your Bank
was rated among preferred partners by international
institutions to meet their clients banking requirements
in India. The International Banking Division, in
coordination with MNC Relationship, helped position
your Bank as the preferred Host Country Bank by
leveraging its rich relationship capital.
In addition to active tie-ups with exchange houses in
GCC and the ASEAN, the International Banking team
81
Statutory Reports
made inroads into key Western economies like the US

DQGWKH8.7KHVHDOOLDQFHVLQFUHDVHGUHPLWWDQFHRZ
through your Bank. YES-International Banking raised
large-ticket offshore borrowings for your Bank and
negotiated overseas trade transactions for your Banks
clientele. The Dual Currency, Multi-Tenor Syndicated
Foreign Currency loan availed by your Bank during the
year under review was widely subscribed to by global
QDQFLDOLQVWLWXWLRQVDQGVWDQGVDVDWHVWLPRQ\WR\RXU
Banks ability to execute marquee deals. The loan was
widely distributed, with investments received from 21
banks representing 14 countries across US, Europe,
Africa, Middle East, Japan, Taiwan and Australia, with
larger commitment coming in the two and three year
buckets. Your Bank raised USD 200 Million during the
year through Asian Development Bank, Manila towards
augmenting its lending to small farmers and rural
women in Self Help Groups. Your Bank also teamed up
with Overseas Private Investment Corporation (OPIC),
the U.S. Governments Development Finance Institution,
by signing a memorandum of understanding to explore
23,& QDQFLQJ RI XS WR 86' 0LOOLRQ WR LQFUHDVH
lending to micro, small and medium enterprises
(MSMEs) in India.
During the year, your Bank entered into an agreement
with Asian Development Bank (ADB) to become a
&RQUPLQJ %DQN XQGHU$'%V7UDGH )LQDQFH 3URJUDP
enabling Banks customers to foray into Asian economies
with a cover from ADB.
YES-International Banking focused on emerging as
a preferred host country banker and payments bank
to global counterparts. As a result, more institutions
utilized your Banks network for their India-linked
businesses.
Branch Banking
Your Bank provided a seamless banking experience with
the objective to emerge as the Finest Quality Bank of
the World in India. Your Bank leveraged quality, state-ofthe-art branch infrastructure, cutting-edge technology
and a customer-centric approach. Your Banks branches
were strategically located in premium high-street
locations, benchmarked with world-class design
and accessibility to facilitate a consistent customer
experience. The focus was not merely on facilitating
transactions, but also in engaging, informing and
involving customers in a personalized manner. Your Bank
82
successfully graduated its branches to the next servicelevel as community centres facilitating community
engagement, rather than merely serving as touch points.
Your Banks customers were served through more than
630 branches across 375 locations and 1,194 ATMs at
the close of FY 2014-15 across all 29 States and 7 Union
Territories of India.
Your Bank continued to expand its footprint to
IDFLOLWDWH QDQFLDOO\HIFLHQW LQFOXVLYH EDQNLQJ :KLOH
your Banks branches were designed to cater to all
customer segments under the One-Bank Model, Branch
Banking customers Liabilities & Wealth Management,
Business Banking and Retail Banking remained the
most frequent users. Your Bank reinforced Branch
Banking through a relationship driven approach that
translated into a differentiated customer experience.
Your Bank undertook numerous initiatives in FY 201415 to reinforce its commitment on Branch Banking.
Internet Payment Gateway (IPG)
Your Bank has completed its product offering in the
merchant acquiring space by offering IPG services.
IPG services will enable your Bank to acquire card
transaction from the rapidly expanding e-commerce
market and strengthen its foray into the digital banking
space. Your Bank already offers POS solutions, Mobile
POS and PC POS solutions to its merchants. This will
help your Bank become the merchants primary/
transacting account and assist in acquiring current
accounts especially in the growing e-commerce market.
Rupay Cards
Your Bank launched RuPay Debit Cards in association
ZLWK13&,7KHUVWFDUGODXQFKHGXQGHUWKLVSURJUDPLV
the PMJDY Debit Card, which will assist in contributing
to the Nations vision of Financial Inclusion and allows
the account to be used for receiving various subsidies.
Your Bank will also seek mandates in the Government
Schemes/Programs launched from time to time by the
*RYHUQPHQWWRHQDEOHWKHPLQWKHLUQDQFLDOYLVLRQIRU
the country.
YES INVEST
YES INVEST, your Banks broking subsidiary started its
operation for clients in FY 2014-15. The 3in1 product
offering to the customers strengthens your Banks CASA
product suite. The introductory year saw a positive
response from your Banks customers with a number
availing the 3in 1 product. The overall average balances

in the SA accounts linked with the 3in1 trading accounts
LVVLJQLFDQWO\PRUHWKDQWKHDYHUDJH6$EDODQFH
ATMs
Your Bank has 1,194 ATMs and 35 Bunch Note Acceptors
%1$DVRI0DUFK,QGXVWU\UVWLQLWLDWLYHVOLNH
Discount Coupons, Card to Card transfer along with
other functionalities like Stop/View Cheque status
through ATMs and Talking ATMs were launched. Your
Bank won two prestigious awards i.e. the Best ATM
network in the mid-sized category banks by NPCI and
FINNOVITI 2014 for innovation on ATMs.
Contact Centre
Your Bank has started an Outbound Contact Centre as
an extension of branches to serve customers. The focus
of the team in Outbound Contact Centre is to engage
and involve customers by delivering banking services
on phone. Currently it has extended this facility for its
customers in top 10 locations.
Global Indian Banking
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5HSUHVHQWDWLYH2IFHLQ$EX'KDELRQ0DUFK
Direct Banking
Your Bank focused on Direct Banking Channels
including YES Mobile, the Mobile Banking platform
which facilitates customers to make fund transfers
and other payments like utility bills, DTH and mobile
recharges, Real Time - Inter Bank funds transfer using
,036<RXU%DQNDOVRDFWLYDWHG1DWLRQDO8QLHG866'
Platform (NUUP) based services i.e. basic banking
services like account balance and mini statement by
just dialing *99# from the mobile phone. Your Bank also
revamped the Retail NetBanking platform by offering
new services, such as multiple Account Summaries,
Quick links, Bank induced offers, Bills due, revamped
Personal Finance Manager (Money Monitor), Standing
Instructions service, Integration with IRCTC, OLTAS
service and Coupon on eCom payments.
Retail Banking
In line with the objectives of quality, granularity and
SURWDELOLW\LQWKHORDQVSRUWIROLR\RXU%DQNODXQFKHGD
number of retail banking asset products in FY 2014-15.
Its customers could select from a wide array of retail
loans products like: Secured Business Loans (erstwhile
Your Bank has 1,194 ATMs and 35 Bunch Note

Acceptors (BNA) as of March 31, 2015. Industry
UVW LQLWLDWLYHV OLNH 'LVFRXQW &RXSRQV &DUG WR
Card transfer along with other functionalities
like Stop/View Cheque status through ATMs and
Talking ATMs were launched
LAP), Car Loans, Two Wheeler Loans, Commercial Vehicle
Loans, Construction Equipment Loans, Loans Against
Securities, Tractor Loans, Gold Loans, Personal Loan
Products and Home Loans. Your Bank continues to
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Home Loan Portfolio indigenously while continuing to
distribute partner institutions home loans as one of the
channels.
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key locations and envisages penetrating deeply with
superior product features. Your Banks objective in
FY 2015-16 would be to harness good quality granular
retail asset portfolio and build long term relationship
with these clients.
Business Banking
Your Bank supported small and emerging businesses,
growth engines of the Indian economy, through a
dedicated Business Banking unit.
The Business Banking unit catered to the entire
banking requirements of small and medium businesses
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entities with a turnover of up to ` 100 Crores. Business
Banking operates through highly dedicated and
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pan-India.
Your Bank has institutionalized different Business Units
to provide highly specialized, segment wise and need
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After viz. the content needs to be made into bullets as
shown below:
Commercial Business Banking (CBB) which provides
comprehensive banking solutions to the Medium
Enterprises with customized solutions
83
Statutory Reports
Your Bank was ranked No. 4 by Prime Database

in the Private Issuers Category of the Arrangers
tables and was ranked No. 6 in the All issuers
category League table by Prime Database for
FY 2014-15. Further, your Bank was ranked No. 5
by Thomson Reuters in the India Domestic Bonds
league tables for CY 2014.
*URXSVSHFLDOL]HGLQFRUHQDQFHDUHDVOLNH&RUSRUDWH
Current Accounts, Cash Management Services, Capital
Markets & Escrow Services and Trade Finance &
Services, and Bullion (Gold & Silver) Trading provided
under the aegis of the YES Transact brand. The TBG team
comprised competent domain specialists from diverse
backgrounds, personally interacting with customers to
XQGHUVWDQGDGGUHVVDQGVHUYLFHWKHLUVWUDWHJLFQDQFLDO
and operating needs in the following areas:
Working capital and liquidity management
Emerging Business Banking (EBB) which continues

its thrust on the small entities through program
based approach by leveraging Branch channel
Treasury integration
Exposure and risk management
Agri Business Banking (ABB) with highly specialized

team to focus on loans to direct and indirect agri
enterprises.
Your Bank supported MSME customers dealing with
large corporate (dealer or vendor) by meeting their
funding needs through a focused Channel Finance team.
This initiative helped MSMEs strengthen relationships
with large corporate and sustain growth.
Your Bank has been consistently following the knowledge
banking approach, which clearly distinguishes it from
its peers in the MSME space. A dedicated team of
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industry segment named as Strategic Business Unit
6%8IRUEHWWHUXQGHUVWDQGLQJRIWKHLGHQWLHG,QGXVWU\
Segments and offering products and services as per the
industry requirement.
Inbound and outbound remittances

State of the art Integrations with client end ERPs
to provide seamless Receivables and Payables
Solutions
Innovative technological solutions for process
automation and for integration of customers and
inter-bank systems
Regulatory and International Trade Advisory
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working capital requirement in form of Gold on
Loan
Your Bank also partnered with the NSIC, SIDBI, CRISIL,

FIEO, Brickwork and other key institutions in the MSME
VSDFH WR HQVXUH WKDW WKH EHVW VFKHPHV DQG EHQHWV
were passed on to customers.
The core group developed and implemented unique

and customized product propositions across industry
verticals. Your Bank exceeded customer expectations
E\ RIIHULQJ DQ HIFLHQW WUDQVDFWLRQ EDQNLQJ GHVN
continuously expanding its product suite through its
Knowledge Banking-led strategy and strengthening its
delivery channels to ensure superior services. The Unit
has embarked on a focussed Digital strategy to build
synergy among different verticals and enabling unique
opportunities for clients, thus differentiating YES BANK
Limiteds product and service propositions.
Product Capital
Financial Markets
Your Banks Transaction Banking Group (TBG) was

the driving force behind the conceptualization and
seamless delivery of quality products and services. The
Backed by experienced professionals, the Financial

Markets Group at your Bank offers a competitive and
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services to its clients. Your Banks Financial Markets (FM)
Your Bank fostered growth, competitiveness and

employment creation. A greater focus in lending to
MSMEs and agri-linked businesses helped your Bank
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Transaction Banking
84
business model provides effective risk management

solutions relating to foreign currency and interest
rate exposures faced by its corporate clients. The FM
group proactively assists clients by making them aware
about the risks they face with respect to capital raising,
investments, exports, imports and other market risks.
Your Bank has created a buoyant Debt Capital Markets
(DCM) franchise with a deep-rooted knowledge of
the underlying market dynamics, coupled with strong
distribution and structuring capabilities. Since its
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executed numerous transactions, across the product
suite, for clients including corporates, PSUs, Central and
State Government entities and many NBFCs.
Your Bank was ranked No. 4 by Prime Database in the
Private Issuers Category of the Arrangers tables and
was ranked No. 6 in the All issuers category League
table by Prime Database for FY 2014-15. Further, your
Bank was ranked No. 5 by Thomson Reuters in the India
Domestic Bonds league tables for CY 2014.
Financial Markets also conducts proprietary trading to
maximize earnings by optimal risk taking across key
[HG LQFRPH HTXLWLHV DQG JOREDO IRUHLJQ H[FKDQJH
markets. Additionally, it is responsible for Balance
Sheet Management, Liquidity Monitoring, Maintenance
of Cash and Statutory Reserve requirements and dayto-day Fund Management of the Bank. Subordinated
and hybrid debt capital for your Bank is also raised by
the FM Group. Your Bank continues to excel as ICRA
0RRG\V DIOLDWH LQ ,QGLD KDV UHDIUPHG \RXU %DQNV
$ UDWLQJ IRU LWV &URUHV &HUWLFDWH RI 'HSRVLW
program. A1+ rating indicates the highest level of safety
in the short-term.
The LS team has successfully placed approximately

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QDQFLDO \HDU WR LWV SDUWQHU EDQNV 1%)&V DQG
QDQFLDO LQVWLWXWLRQV ZLWKLQ ,QGLD DV ZHOO DV
internationally. The clientele involved pedigreed
players across the renewable energy, manufacturing
and real estate spaces.
The teams consistent performance has placed
your Bank in the top 10 among the India Loans
Mandated Arranger (`) by Bloomberg for CY 2014.
Structured Credits Group

An ongoing challenge faced by the Indian banking
industry is a decline in asset quality. Your Banks
Structured Credits Group (SCG) was created for
the effective management of distressed and
QRQSHUIRUPLQJ DVVHWV FRPSULVLQJ TXDOLHG DQG
experienced professionals specializing in distressed
asset management. The Group provided effective
solutions for resolving stressed assets by leveraging its
regulatory and legal understanding.
SCG employed multi-pronged resolution strategies,
ZKLFKLQFOXGHGRSHUDWLRQDODQGQDQFLDOUHVWUXFWXULQJ
identifying strategic investors for the takeover of
stressed assets, negotiating with borrowers for onetime
settlement, recovering through the enforcement of
security interest under the Securitisation Act 2002 and
selling non-performing assets to asset reconstruction
companies.
SCGs focus resulted in your Bank emerging with one
of the lowest non-performing asset ratios in the Indian
banking industry.
Investment Banking
Loan Syndications
The Loan Syndications (LS) team provides
comprehensive loan syndication to the valuable clients
of your Bank. Leveraging its strong sectoral expertise
and market relationships, the LS team has successfully
PHW FOLHQWV REMHFWLYHV LQ DFKLHYLQJ WKH PRVW HIFLHQW
debt structures, both domestic and foreign. They have
contributed to the non-interest income of your Bank as
well as helped in effective Balance Sheet Management
through a regular churning of the asset portfolio.
Your Banks Investment Banking team provides M&A

and capital raising advisory services to large and
PLGPDUNHWFRUSRUDWHDQGQDQFLDOVSRQVRUFOLHQWV7KH
Investment Banking team comprises high-powered
dedicated professionals seamlessly integrated with the
Banks relationship groups.
During the year, the Investment Banking team
consummated transactions across three key products
Mergers & Acquisition Advisory, Private Equity fundraising and Equity Capital Markets across emerging
85
Statutory Reports
sectors including new age media, education and

specialty retail. Your Bank was rated by a leading
international publication as Bank of the Year in India in
the M&A Awards category. Some of the representative
transactions consummated by your Banks Investment
Banking team during the year under review are as
follows:
([FOXVLYH VWUDWHJLF DQG QDQFLDO DGYLVRU WR
INOX Leisure Ltd for sale of their treasury shares
amounting to ` 2,125 Million
Book Running Lead Manager to the ` 1,200 Million
IPO of Shemaroo Entertainment Ltd
Book Running Lead Manager to the ` 10.2
Billion INOX Wind IPO which got oversubscribed
18.6 times
([FOXVLYH VWUDWHJLF DQG QDQFLDO DGYLVRU WR 6.6
Trust Advisors Private Ltd for sale of their stake in
6.60LFURQDQFH/WGDPRXQWLQJWR` 1,750 Million
shareholders of Press2 Dry Cleaning & Laundry
Private Ltd for raising private equity capital from
ASK Pravi Private Equity Opportunities Fund
shareholders of Resinova Chemie Ltd for sale of
majority stake to Astral Poly Technik Ltd
Exclusive Advisor to Jagran Prakashan Ltd for
acquisition of Music Broadcast Private Ltd (Radio
City), SPA signed (pending closing)
Educomp Solutions Ltd for sale of majority stake in
Gateforum Educational Services Private Ltd to ASK
Pravi PE fund
Responsible Banking
In the digital age, global boundaries are fast merging,
creating a large global village with a glocal behavior
and a need to balance growth with social and
environmental imperativeness. In this highly glocalizing
world, innovation has emerged as a key metric to drive
positive triple bottom line impact.
86
In its quest to achieving its vision To be the Finest

Quality Bank of the World in India by 2020, your Bank
emerged as a truly Glocal institution and maintained
its razor sharp focus on innovation to deliver on
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Responsible Banking the core plank that cuts across
functions and delivers sustainable development
outcomes at both local and global levels.
Over the last one year, your Bank, under Responsible
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that have delivered demonstrable results for its
stakeholder spectrum. Strengthening its ties with
global and national thought leaders, Responsible
%DQNLQJSURGXFHGNH\NQRZOHGJHUHSRUWVDWVLJQLFDQW
platforms to drive policy advocacy on pertinent issues
of the day, including:
E-waste management in India The Corporate
Imperative
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in MSMEs
Ganga: An inclusive multi-stakeholder approach
Increasing Renewable Energy Investments in India:
Realizing Synergies
At the international level, your Bank was part of the
International Expert Panel guiding The Climate Groups
study on off-grid energy business models in India.
During the year, your Bank strengthened its relationship
with the UNEP Finance Initiative, the global partnership
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&KLHI 6XVWDLQDELOLW\ 2IFHU HOHFWHG DV LWV $VLD 3DFLF
Chair. Your Bank is also elected to its Global Steering
Committee and sits on the Board of its Banking
Commission. Besides its extensive contribution on
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systematic environmental risks.
Your Bank had launched the Natural Capital Initiative
to develop an ecosystem for appropriate regulatory and
business environment for natural capital, and was the
UVW,QGLDQVLJQDWRU\WRWKH1DWXUDO&DSLWDO'HFODUDWLRQ
and sits on its two Working Groups. Augmenting its
Natural Capital Awards platform, your Bank launched
a nation-wide Natural Capital Olympiad to raise

awareness among Indias children and youth towards
natural capital and biodiversity conservation. Towards
building an environment for natural capital accounting
in India, your Bank organized the Natural Capital
Symposium under its Sustainability Series program.
Your Bank continued to be a benchmark institution for
triple bottom line accounting and reporting, becoming
WKHUVW,QGLDQ%DQNWRUHOHDVHD*5,*6XVWDLQDELOLW\
5HSRUW IRU )< $V WKH UVW EDQNLQJ VHFWRU
signatory to the UN Global Compact, your Banks
Communication On Progress (COP) continues to be at
GC Advanced level, the highest level of disclosures.
$V WKH UVW ,QGLDQ EDQNLQJ VLJQDWRU\ WR WKH &'3 \RXU
%DQNLVQRZWKHRQO\QDQFLDOLQVWLWXWLRQWREHRQLWV
Carbon Disclosure Leadership Index for India for four
consecutive years, 2011 to 2014. With a score of 92 on
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institutions in 2014.
During the year, your Bank completed the second phase
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Management System, certifying 67 additional cluster
hub branches, located across India, and re-certifying 12
locations from Phase I, thus covering all its cluster hub
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YES COMMUNITY, your Banks unique engagement
program scaled up its impact during the year, utilizing
its branches as knowledge-sharing centres on pertinent
social and environmental issues. Your Bank hosted
5,827 community events during the year, touching over
5 Lakh lives.
To scale up community impact in rural and urban India,
your Bank launched key CSR initiatives under the YES
COMMUNITY umbrella. The initiatives focus on the
four broad areas of your Banks CSR Policy livelihood
security and enhancement, healthcare and social
welfare, environment sustainability, and arts, sports and
culture during the year.
During the year, your Bank was recognized nationally
and internationally for its sustainability performance,
winning the Karlsruhe Sustainable Finance Awards,
Germany for Outstanding Project Financing and the
Bombay Chamber Good Corporate Citizen Award.
$VWKHUVW,QGLDQEDQNLQJVLJQDWRU\WRWKH&'3
\RXU%DQNLVQRZWKHRQO\QDQFLDOLQVWLWXWLRQWR
be on its Carbon Disclosure Leadership Index for
India for four consecutive years, 2011 to 2014.
With a score of 92 on the Index, your Bank scored
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<(6 )281'$7,21 \RXU %DQNV QRWIRUSURW VRFLDO

development arm was launched in 2012 with a vision
of building an Empowered and Equitable India. The
Foundations initiative, YES! i am the CHANGE social
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OPPRYHPHQWLQ,QGLDDQGRQHRIWKHELJJHVWLQWKH
world. In its second edition, over 10,252 teams from all
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a highly eminent jury. As part of the Challenge, over 550
OPPDNLQJZRUNVKRSVDQGVFUHHQLQJVZHUHFRQGXFWHG
across India, with an outreach of 2,500 colleges.
Inclusive & Social Banking

In line with the Responsible Banking vision to
mainstream sustainability within its core business and
address needs of the next billion customers, your Bank
created a special division called Inclusive & Social
Banking (ISB). ISB was responsible for the design and
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)RU \RXU %DQN QDQFLDO LQFOXVLRQ LV QRW MXVW D VRFLDO
and regulatory obligation but a business opportunity.
The ISB dates back to December 2006 when your Bank
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QDQFHLQLWLDWLYHLQWHFKQLFDOFROODERUDWLRQZLWK$&&,21
International. The mandate of the ISB was to reach the
un-banked and under-banked population (urban, semiurban and rural areas) by leveraging your Banks branch
network, technology edge and relationship capital in
the public, private and social sectors. In line with the
guiding principle of Frugal Innovations for Financial
Inclusion (FI4FI), the ISB team developed innovative
business models and forged partnerships leading to
their seamless implementation. The ISB team aimed to
create viable business models while providing access
WRQDQFHWRWKHERWWRPRIWKHS\UDPLGFXVWRPHUV
,6% RIIHUHG YDULRXV QDQFLDO VHUYLFHV FRPSULVLQJ
microcredit, micro-saving, micro-insurance and
remittance services across geographical and
87
Statutory Reports
socioeconomic contexts and partners. Through the

DJVKLS<(6/LYHOLKRRG(QKDQFHPHQW$FWLRQ3URJUDP
(YES LEAP), your Bank provided comprehensive
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help groups through partner NGOs acting as Business
Correspondents. The FI4FI credo was followed to
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Every self-help group was provided timely and

VXIFLHQW FUHGLW 7HFKQRORJ\ ZDV OHYHUDJHG WR UHGXFH
cost risks. All transactions between SHGs and Business
Correspondents were recorded in YES Sahaj Micro ATMs
and monitored centrally. Through YES LEAP, your Bank
touched over 12 Lakh households across 17 states.
ISB - Spearheading Financial Inclusion
YES BANK
commences
operations
Roll out of
Urban Financial
Inclusion
Program
Aug
2004
Introduction
of Mobile
Technology for
Transaction
July
2007
Oct
2006
Roll out YES

SAMPANN in
partnership with
ACCION International
Oct
2010
Sept
2009
Roll out of Rural

Financial Inclusion
Initiative
Your Bank started a unique initiative to provide a

customized and comprehensive product suite for the
dairy industry. In one such pilot initiative launched in
collaboration with a leading private dairy in South India,
your Bank provided instant account credit to farmers
against the milk supplied by them and analyzed them
on an automated machine triggering e-mails, which has
details regarding farmer payments.
The ISB team was also mandated with the
implementation of your Banks Financial Inclusion Plan
(FIP) as approved by the Board and the RBI. Your Bank
88
Roll out Yes

Livelihood
Enhancement Action
Program ( YES LEAP )
Over 90,000
SHGs (12 Lakh
households reached
through YES LEAP
Sept
2011
June
2011
YES Money - Multi

channel Remittance
Service
Mar
2015
Mar
2013
Roll out of YES

Sahaj Micro ATM
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parameters. Your Banks radical FI4FI approach received
several national and international accolades.
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as a new asset class, widening access to capital through
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Institutions Group (MFIG), and mainstreaming bottomof-the-pyramid clients through the Inclusive and
Social Banking team. Through the MFIGs product suite
(comprising term loans, loan syndications and rated

capital market loan products like pool securitization,
bonds, commercial paper and loan assignments), your
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industry. Your Bank aimed to access more investors and
reduce fund costs, thereby making it possible to deliver
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solutions. The MFIG engaged in advocacy at various
levels, emerging as the primary channel to engage
with stakeholders (MFIs, investors, rating agencies,
policymakers, governmental agencies and regulatory
bodies) and making it possible for the Groups activities
to touch the lives of millions of people.
Agribusiness and Rural Banking

Indias economy is predominantly agrarian with the
agriculture and allied industries contributing 18.2%*
(FY 2013-14) to the countrys GDP. Consequently, your
Bank chose agribusiness as a focus sector, given the
potential for growth and multiplier impact. Your Bank
believes in leveraging Knowledge Capital as one of
the key differentiators to develop innovative, superior
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product delivery, industry benchmarked service levels
and strong client orientation to reinforce long-term
and sustainable partnerships with its stakeholders.
With these objectives in mind, the ARB (Agri- business
and Rural Banking) was empowered to create banking
opportunities within the agribusiness domain. The team
was also responsible for ensuring compliance with the
UHJXODWRU\ JXLGHOLQHV RI GLUHFWHG OHQGLQJ DV VSHFLHG
in the RBIs Priority Sector Lending guidelines. The
team of 88 bankers, comprising experienced industry
and banking professionals with relevant domain
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interact with F&A clients and relationship teams to
create structured lending propositions for supply chain
participants farmers as well as SMEs. To ensure a
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customers, your Bank forged strategic alliances with
several leading warehouse-related service providers,
steadily building a strong commodity funding portfolio
with a stress on customized offerings. There was also
a focus on various intermediaries in the F&A supply
FKDLQHQVXULQJDQDFFHVVWRVWUXFWXUHGDQGQDQFLDOO\
appropriate banking products. Given the critical need
for additional agri-infrastructure assets, your Bank took
the lead in providing long-term structured term funding
for related projects. Your Banks in-depth knowledge of
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customized banking solutions to the core sectors, such

as agriculture, dairy and sugar, among others, thereby
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growth of the rural India.
Process, Service & Technology Overview

Service and Technology Capital
To enhance customer delight, your Bank leveraged

state-of-the-art technology and innovative practices.
Your Bank invested in upgrading the role of technology
in various mission-critical back-end functions, including
Quality Assurance, Technology Solutions Group, Risk
Management, Internal Audit and Human Capital.
Business Processes - Creating a Quality

Organization
In our pursuit to Build a Quality Organization, your
Bank seamlessly extended its professional approach
to business processes to offer a superior customer
experience to all your Banks customers. Your Bank
strengthened business processes, resulting in
continuous improvement.
Some Key Initiatives Comprised

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Operating Centres) of various businesses in
Mumbai and Gurgaon, including Yes Touch Contact
Centre located in NOC Gurgaon, provides superior
FXVWRPHUVHUYLFHDQGHIFLHQWEXVLQHVVFRQWLQXLW\
planning.
Business Excellence frameworks and quality
practices, such as Five S, Quality Circle, Lean, Six
Sigma and ISO 9001 standards were established.
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and your Banks Internal Audit Function have been
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System).
Your Banks complaints management processes
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Service - Complaints Management system). Your
Bank used the Complaints and Query Management
System as a singular touch point to log, handle,
escalate and resolve customer grievances.
Your Bank strengthened its Business Continuity
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Information Security Management Framework (ISO
89
Statutory Reports
Your bank has been recognized as World Class

LQ WKH 6HUYLFH &DWHJRU\ E\ $VLD 3DFLF 4XDOLW\
Organization. Your Bank is also the only Indian
Bank to win this prestigious global award based
on Malcolm Baldridge Business Excellence
Framework (USA).
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of all critical parameters, including an end-to-end
(e2e) review of critical business processes.
Your Bank implemented a framework for the
measurement of Customer Experience (internal and
external) to ensure that customer feedback across
each touch point (including customer complaint
registers, customer satisfaction surveys, telephonic
surveys and employee feedback) was collected,
analyzed and acted upon.
Your Bank leveraged social media as a new channel
for superior customer service and addressed
queries/ complaints, received feedback, garnered
inputs on service (VOC), and shared relevant
content about products, services, brand building
and press release materials.
Your Bank adhered to Banking Codes and
Standards Board of India (BCSBI), Goiporia
Committee
recommendations,
Damodaran
Committee recommendations and the Committee
on Procedures and Performance Audit of Public
Services (CPPAPS) guidelines, resulting in extensive
compliance.
Embedding a Continuous Improvement Approach
Your Banks Quality Assurance and Service Delivery
Units provided a framework that facilitated continuous
improvement. The Quality Policy at your Bank states,
YES BANK Limited will strive to ensure a consistent
superior service experience through operational
excellence, innovation, cutting-edge technology and
best-in-class systems, and processes.
captured the Voice of the Customer (VOC), and assessed

performance across key service drivers. These initiatives
were managed through the Innovation Centre, which
acted as a clearing house for ideas, which helped
your Bank implement next practices across products,
services and channels. The Quality Assurance unit drew
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organizations in building institutional excellence.
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categories of Process Management and External and
Internal Service Delivery in line with your Banks Quality
Policy and Quality Objectives. Quality improvement
drives, like workforce suggestion schemes, Lean Six
Sigma, Quality Circles, Five S, ISO 9001 and ISO 10002
were implemented across business units and branches.
To bring about greater precision in the management
of operations in both the Corporate and Retail side
of your Banks businesses, operational processes were
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improvement in customer experience and better risk
management.
At your Bank, external and internal service delivery
(customer satisfaction) was measured using dashboards,
Voice of the Customer (VOC), Branch Service Committee
Meetings, Sigma Scorecards and External/Internal
Customer Satisfaction Surveys. These initiatives
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relationships, but also ensured stringent Service Level
Agreements (SLAs) across the Bank.
The YES Service Program - an internal service proposition,
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marketing program, and measured through mystery
shopping, on-job monitoring and Branch Executive
Leadership Team (BELT) programs, held periodically
across key branches.
Your Bank created a knowledge pool of Six Sigma/Lean
change agents to reinforce a culture of improvement.
Your Bank undertook several improvement projects
VWUDWHJLFDQGWDFWLFDOGXULQJWKHVFDO\HDU7KHIRUPHU
were targeted towards projects that impacted strategic
business objectives, while the latter were tactical
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The Service Quality Strategy

Your Banks three-pronged structure to bolster customer
service comprised customer experience, innovation
and quality assurance. The Customer Experience unit
90
Your Banks processes were tracked through dashboards

and shared with the management team. The leadership
of each business unit reviewed existing processes,
initiated improvements and instilled procedural

orientation. Within a short period, your Bank reported
the following achievements: Your bank has been
recognized as World Class in the Service Category by
$VLD3DFLF4XDOLW\2UJDQL]DWLRQ<RXU%DQNLVDOVRWKH
only Indian Bank to win this prestigious global award
based on Malcolm Baldridge Business Excellence
Framework (USA).
coupons through ATMs) across both net-banking and

FDUGEDVHG WUDQVDFWLRQV ,W ZDV DOVR WKH UVW SULYDWH
sector Bank to launch NPCI VAS (value added service)
through card-to-card transfers. As an issuing bank,
your Bank enhanced its card portfolio by issuing RuPay
cards,along with Master and Visa. Your Bank also
launched a multi-currency card with 10 currencies,
and enabled online, real-time credit of foreign inward
remittance through IMPS.
Awards in Customer Service and Best Practices

2015
The Best Trade Finance Bank in IndiaAsian Banker Transaction Banking Award
2015
Best Corporate Trade Finance Deal in India

- Asian Bankers Choice Awards
2015
Best Cash Management Project in IndiaAsian Bankers Choice Awards
2014
World Class Organisation- Global

Performance Excellence Awards - Asia
3DFLF4XDOLW\2UJDQL]DWLRQ$342
Chicago, USA
2014
Best Transaction Bank for Payments by

The Bankers Transaction Banking Awards,
London
2014
Customer Engagement through Social

Media ranked 2nd globally at International
Best Practice Competition, Abu Dhabi
2013
Ramakrishna Bajaj National Quality Business Excellence Award in Service

Organization category - Indian Merchants
Chamber
2013
Golden Peacock Global Business Excellence

Award, Dubai
Information Technology
Your Bank scaled its technology infrastructure to create
a contemporary, secure and robust. Your Bank also
created a robust business continuity plan to secure
those systems, which are vital to your Banks business
operations. The technology initiatives in FY 2014-15
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enhanced customer experience across all channels,
including Digital Banking.
Your Bank launched a new state-of-the-art customercentric IVR, expanded its contact centre across two cities
building resilience, imparted a new look and feel to its
net-banking platform, and launched transaction-based
loyalty programs (including the innovative discount
While extending its technology footprint across an

increased number of branches and ATMs, in FY 2014-15,
your Bank focused on providing a much more enhanced
experience to customers in the Digital Banking space.
Among the many initiatives, your Bank enabled Yes2Call
through the banks Banks website, bringing together
Click and Voice to enable a seamless multi-channel
conversation for the customer, enhancing the overall
digital experience. Additionally, your Bank enabled
YouTube videos, implemented Facebook tags and Twitter
cards through the corporate website, to strengthen the
social media interactions, and enhance its presence in
the social space. Your Bank also launched a Reward
program, Share the Joy, for its customers to garner
leads through a virtual word-of-mouth on Facebook.
Your Bank continued to strengthen strategic
partnerships with some of the best global IT majors,
developing innovative features to improve procedural
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solutions. In accordance with that, your Bank enabled
VSHFLF VROXWLRQV IRU &RUSRUDWH %DQNLQJ FXVWRPHUV
LQFOXGLQJ 2QOLQH 7D[ SD\PHQW FXVWRPHUVSHFLF
FRQJXUDWLRQRISUHIHUUHGFRROLQJSHULRGIRUEHQHFLDU\
registration, MPKI based email authentication and SMS
and e-mail service alerts.
Further, continuing on its focus to automate processes,
your Bank has automated Value-at-Risk (VaR)
computation and back-testing of its treasury products,
as a step towards migration to the Internal Model
Approach (IMA) for capital computation.
Achievements and Awards
Asian Banker Risk Management Awards 2015 Enterprise Risk Technology Implementation Award
FINNOVITI Awards - 2015 for Incentivizing
Customers by Offering Discount Coupons on ATMs
91
Statutory Reports
NPCI Awards for Special Award for Innovation:

Using the IMPS technology for remitting money
in assisted mode by migrant laborers, who are
technology oblivious
the other. Within a short time, your Banks management

talent was regarded as one of the best in the Indian
banking sector, demonstrated by the several recognitions
and awards received over the last ten years.
NPCI Awards for Excellent Performance NFS (ATM):

Mid Sized Banks Category
Best Financial Inclusion Initiative
<RXU %DQN PDGH VLJQLFDQW SHRSOH LQYHVWPHQWV LQ

FY 2014-15, institutionalizing initiatives in the areas of
executive engagement, improving workplace health and
wellness, learning and development. The result of this
investment in people was that, your Bank created a robust
workforce of over 10,000 employees in just 10 years.
Best use of Technology in Human Resources,

Training and eLearning Initiatives
Some of the key highlights of your Banks practices are

illustrated below:
Best Use of technology to enhance customer

experience
Executive Engagement
IBA Technology Awards for:
CIO 100 Award CIO 100 Innovation Architect

2014 Honoree - Innovative solutions in the dairy
domain leading to instant credit for small partners
Capgemini & CIO Crown Digital Transformation
Champion 2014
The Banker Transaction Banking Awards - Best
Transaction Bank for Payments For PKI, Tally and
Hatsun Projects
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automation for Trade Finance & Account opening
processes
Human Capital Management

Your Bank pursued a strong employee value proposition
of Creating & Sharing Value with a vision to build
an organization, driven by the ethos of professional
entrepreneurship, with all YES BANKers engaging,
directing, managing and accelerating development.
The Human Capital engagement practices at your
Bank were targeted at developing the Banks brand as
a Preferred Employer of Choice. Your Bank continued
to attract and retain the best talent from within India
and abroad. Besides, your Bank hired a number of
experienced professionals from other private sector
banks that strengthened our retail banking leadership.
Your Bank continued to balance the recruitment of top
and senior management professionals at one end, with
middle, junior and general management professionals at
92
Making YES BANK Limited a Great Place to Work

Your Bank participated in the Indias Best Companies
to Work for 2014 study, conducted by Great Place to
Work Institute, a leading management research and
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anonymous feedback was sourced by the Institute
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the Banks Trust Index across such parameters, as
organizational credibility, respect, fairness, pride and
camaraderie. The results were analyzed and relevant
interventions launched, including leadership workshops,
re-articulated integrated vision and values framework,
YES to GRACE (Gender Respect and Commitment to
Equality), Internal Complaints Committee (ICC) to
investigate and inquire into complaints of sexual
harassment, Hi-Potential Development Programs
and Revitalized 5Cs Employee Engagement Program,
among others. Your Bank also participated in the 2015
study, and saw scores increase across all parameters.
CARE
CULTURE
CAREER
YES
BANK
VALUES
CONNECT
COMMUNICATION
5 Cs Employee Engagement Model

To engage the growing workforce, your Bank follows the
5 Cs Engagement Model viz. Culture, Communication,
Career, Connect, and Care. Your Bank ENGAGEs and
DEVELOPs Human Capital by disseminating/reconnecting YES BANKers with YES BANK Limiteds
core VALUES, by creating an intentional CULTURE,
encouraging open and honest COMMUNICATION,
strengthening CONNECT with employees and
community, supporting CAREER development and
showing their CARE as an organization.
Say YES to G.R.A.C.E.
Your Bank has revised the Policy for Prevention of
Sexual Harassment in line with the The Sexual
Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act & Rules, 2013. To create
a robust framework for this policy dissemination,
awareness creation and periodic reiteration among all
executives, your Bank has launched the initiative called
Say YES to G.R.A.C.E (Gender Respect And Commitment
to Equality), to connect with a broader organizational
value/belief, in line with the stated objective of building
the Finest Quality Bank of the World in India.
YES Stepathlon A Wellness Initiative
YES BANK Limited, in partnership with Stepathlon
Lifestyle, launched YES Stepathlon for the 3rd
consecutive year. This unique, pedometer-based event
was open to all executives. The event was launched
pan-Bank and for students from top B-schools in India.
Over 650 YES BANKers and 250 Students embarked on
this exciting journey to improve their health, and usher
in happiness through teamwork, in September 2014.
YES Professional Entrepreneurship Program (Y-PEP)

Your Bank launched this innovative and institutionalized
Talent Acquisition program in 2006, to foster young
leadership, by putting the participants in challenging
roles and projects and driving high performance
through structured induction, learning programs, and
mentorship by senior management, inculcating prudent
risk taking attitude and developing leadership qualities.
This programs notable feature is that, the Young
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the choices given by candidates.
Your Bank inducted 95 Y-PEPs this year, and has inducted
over 1000 Y-PEPs in the last nine years. This highly
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augment and support your Banks knowledge based,
state-of-the-art technology driven services across key
banking relationships, products, knowledge advisory
groups, and critical support functions.
University & Schools Relationship Management

(USRM)
The
UNIVERSITY &
SCHOOL RELATIONSHIP
MANAGEMENT (USRM) initiative plays a pivotal role
in building your Banks brand as a Preferred Employer
of Choice among the Best Educational Institutions in
India and abroad. This program is designed to equip
an encompassing knowledge sharing solution that will
help propagate information about key developments
in the Banking arena. Through this program, several
outreaching engagement activities are planned, and
executed with select B-Schools, Engineering colleges
and Agricultural Institutes across the country and abroad.
YES SCHOOL OF BANKING (YSB)

Your Bank has always emphasized Knowledge as a key
differentiator, and continues to develop its human and
intellectual capital, by equipping executives with skills
and knowledge. These are based on strategic business
JRDOV DV ZHOO DV VSHFLF MRE UHTXLUHPHQWV XQGHU WKH
aegis of YES SCHOOL OF BANKING (YSB). The School
was institutionalized in 2007, with a vision to create a
Centre of Excellence for learning solutions in Banking
and related areas.
93
Statutory Reports
My Learning@YES (Learning Management System)

Your Bank launched MY Learning @ YES (YES BANKs
Learning Management System/E-Learning Platform)
WR VLJQLFDQWO\ WUDQVIRUP LWV DELOLW\ WR HQKDQFH 6.,//
via SCALABLE deployment of Training Programs and
SPEED, to ensure PAN India coverage thereby enhancing
performance, improving compliance, operational and
process controls, as per regulatory requirements.
YES UDAAN
Your Bank associated with Project Udaan, an ambitious
project undertaken in partnership with the Ministry
of Home Affairs and the National Skill Development
Corporation (NSDC), to provide training and employment
opportunities to Jammu & Kashmirs youth. Your Bank
launched the 2nd edition of YES Udaan in March
RIIHULQJ &HUWLFDWLRQ LQ %DQNLQJ )XQGDPHQWDOV
program. The program received over 650 applications
screened through an online aptitude test, followed by
a selection interview. Forty students were selected for
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by your Bank.
Safety for Women
In view of the current increase in incidents pertaining to
womens safety in India, awareness/training workshops
were organized for female executives on basic
preparedness and response measures. The workshops
were designed to sensitize, empower and support them
in untoward situations. These guidelines were aimed
at increasing safety awareness, and providing practical
tips and tools that would help female executives avoid
potentially hostile situations in the most practical
manner. Another key initiative that was implemented
was the 24*7 Helpline Number for SOS situations for all
YBL executives. A List of Next of Kin, along with phone
numbers is made available with the 24X7 call center,to
inform them about the emergency situations.
Rewards and Recognition

Inspiring Work Place Award 2014 in the Private
Sector Banks Category Banking Frontiers
Pride of the Profession Awarded to Deodutta Kurane
Group President (Human Capital Management)
Top Learning & Development Organization under
the Special Category of CII HR Excellence Awards
94
Training Company of the Year - Asia Training &

Development Excellence Awards 2014
Innovation in Learning Series - Asia Training &
Development Excellence Awards 2014
Best use of Technology in Human Resources,
Training & eLearning Initiatives - IBA Technology
Awards FY 2014-15
Your Bank was also awarded the Strong Commitment
to HR Excellence level of recognition by CII
Risk Management
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Bank is built on a robust risk management system.
Through proactive and improved risk management
practices, your Banks risk management function
FRQWLQXRXVO\ ZRUNV WRZDUGV DFKLHYLQJ QDQFLDO
stability and enhancing stakeholder value. The Risk
Management Architecture of your Bank is overseen by
the Risk Monitoring Committee (RMC), an independent
Board level sub-committee that strives to put in
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effectively managing the various risks. These policies
and procedures are reviewed and updated at regular
intervals.
The day-to-day functioning is managed by the Risk
Management Department (RMD). The RMD is headed
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Risk Unit and Risk Control Units. Credit Risk Unit is
responsible for evaluating, rating and underwriting
credit under respective Risk Heads. The Risk Control
Units, such as Market Risk, Operational Risk, Enterprise
Risk Management Unit, Information Security Unit,
Portfolio Analytics Unit, Credit Risk Control Unit, Credit
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for independent review, monitoring and reporting of all
risk control parameters, and recommending appropriate
corrective actions where necessary. These units are also
responsible for ensuring compliance to internal policies
and regulatory guidelines.
Enterprise Risk Management

Your Bank has an Enterprise Risk Management Unit
(ERM) that is responsible for implementation of ERM
framework, Risk Aggregation, Risk based pricing, Pillar
II Risk assessment of Reputational Risk, Compliance
Risk, Concentration risk etc., BASEL II / III compliance,

Internal Capital Adequacy Assessment Process (ICAAP)
review, migration to advanced approaches for capital
charge computation and Bank wide Stress testing.
Your Bank has further constituted two Committees Enterprise Risk and Capital Management Committee
(ERCC) and Reputation Risk Management Committee
(RRMC). ERCC is responsible for overseeing Enterprise
Risk Management, Capital Management, and ensuring
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monitored and controlled in accordance with Banks
Risk Appetite, as well as, within Regulatory guidelines.
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proactive steps for Reputation Risk Management and
recommends remedial actions, if any.
Your Bank has successfully migrated to BASEL-II capital
adequacy norms since March 31, 2009. Under this, it has
adopted the Standardized Approach for measurement
of Credit Risk, Basic Indicator Approach for Operational
Risk and The Standardized Duration Approach for
Market Risk. Your Bank has also implemented the BaselIII norms, and has laid down a roadmap for migration to
advanced approaches for capital charge computation,
across Credit Risk, Market Risk and Operational Risk.
Your Bank has also formulated an extensive policy
on ICAAP, commensurate with the Banks size, level of
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Bank has thus evolved a robust enterprise-wide risk
management framework which is geared to support the
business plans of the Bank.
Credit Risk
Your Banks Credit Risk management is governed by a
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approved by the Board. It encompasses credit approval
processes for all business segments, along with the
guidelines for monitoring and mitigating the risks
associated with them. All corporate credit proposals
are approved either through a Committee approach
or through Joint Delegation, depending on rating and
exposure thresholds outlined in the Credit Policy. Your
Bank currently has three committees for approving
credits, viz. Board Credit Committee (BCC), Management
Credit Committee (MCC) and Executive Credit
committee (ECC). Of these, the BCC is a Board level subcommittee, while MCC and ECC comprise Top and Senior
management personnel. Joint Delegation involves two
or three approvers jointly approving the proposal,
which primarily addresses large volume of small ticket
Your Bank launched the 2nd edition of YES

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Banking Fundamentals program. The program
received over 650 applications screened through
an online aptitude test, followed by a selection
interview.
proposals. While exercising their sanctioning powers,
these designated committees/functionaries exercise the
highest level of due diligence, and ensure adherence to
the Banks Credit policy and other regulatory guidelines.
The appraisal process encompasses a detailed risk
assessment and rating of all obligors, using your Banks
rating models. These models have been developed
in conjunction with a reputed external credit rating
agency, and cover all corporate business segments of
your Bank. The ratings of customers are assessed based
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business positioning, project risks, operating
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as quality of management and conduct of account.
Your Bank additionally has in place, scorecards for
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borrowers.
This function works in close coordination with various
business segments to periodically review the individual
borrower relationships, identify early warning signals
and assess the overall health of borrowers. Your
Bank has taken proactive measures to ensure that
delinquencies are maintained at a minimum level,
through robust post-sanction monitoring processes.
There is a dedicated team, which works towards
ensuring compliance to the sanctioned terms and
conditions, through an internal tracking system.
There is also an independent Portfolio Analytics Unit,
which is responsible for monitoring the entire credit
portfolio across all segments, including monitoring of
early warning signals, identifying portfolio trends, and
generating portfolio level MIS, covering various credit
quality indicators. Further, Credit Risk Control Unit is
responsible for independently reviewing your Banks
credit policies and programs, including rating models,
conducting industry studies and determining industry
outlook. The unit is also responsible for migration to
Internal Ratings Based (IRB) approach for Credit Risk,
95
Statutory Reports
Operational Risk
The Capital Adequacy Ratio of your Bank has

been always well above minimum requirements,
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of the business, over the longer term. Your Bank
had delivered RoA (annualized) at or above 1.5%
and RoE (annualized) around 20%, over last
seven years.
under Basel II. Your Bank also has an active legal
department that helps in assessment and management
of material legal risks. The department has developed
a comprehensive set of standard documents for various
types of credit products.
Market Risk
Your Banks Market Risk management is governed by
comprehensive Board approved Market Risk Policy,
ALM Policy, Liquidity Policy, Investment Policy, Hedging
Policy, Stress Testing Policy, Derivative Policy and a
Derivative Appropriateness Policy to ensure that risks
underwritten across business activities are within the
stipulated risk appetite of the Bank, and also to ensure
that similar risks are aggregated. These policies have
been benchmarked with industry-best practices and RBI
regulations.
Your Bank, in accordance with the regulatory guidelines,

has implemented a comprehensive operational risk
management policy and put in place a framework to
identify, assess and monitor risks, strengthen controls,
improve customer service, and minimize operating
losses. Your Bank has constituted the Operational Risk
Management Committee (ORMC), which is the primary
driver for implementing the best industry practices in
Operational Risk Management. Your Bank has further
implemented a comprehensive Business Continuity
Management (BCM) Policy, to safeguard the interests of
the employees and customers, in the event of a disaster
RUVLJQLFDQWGLVUXSWLRQWKDWPD\DIIHFWLWVRSHUDWLRQV
and premises. The plan is designed to facilitate the
safety and well being of employees, and continuity of
the critical business processes in the event of various
disaster scenarios.
Your Bank has also put in place a Product and
Process Approval Policy, which covers the approval
and risk evaluation process, of all the new products/
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your Bank has an Outsourcing Policy governed by the
Outsourcing Management Committee (OMC) to ensure
effective due diligence and monitoring of your Banks
outsourced activities.
Internal Audit
Your Bank has an integrated, straight-through processing
and state-of-the-art treasury system for enabling
better risk management. Your Bank measures liquidity,
currency, and interest rate risks through various metrics,
viz. Liquidity Gap Analysis, Dynamic Cash Flow Analysis,
Intraday Liquidity Monitoring, Liquidity Coverage Ratio,
along with other Liquidity Ratios, Value at Risk (VaR),
Earnings at Risk (EaR) and Market Value of Equity,
Sensitivity Analysis, among others using robust internal
risk models. Your Bank regularly conducts stress testing
to monitor the Banks vulnerability towards extreme, but
plausible unfavourable shocks. Your Bank monitors and
controls its risk, using various internal and regulatory
risk limits for trading book and banking book, which
are set according to a number of criteria, including
economic scenario, business strategy, management
experience, peer analysis and the Banks risk appetite.
The risk reporting mechanism in the Bank comprises
disclosures, and reporting to the various management
committees, viz. Investment Committee, Asset Liability
Committee, among others.
96
Your Banks Internal Audit department performs

independent and objective assessment to monitor
adequacy, effectiveness and adherence to the internal
controls, processes and procedures instituted by the
management.
This function supports your Banks role in safeguarding its
assets. The function has adopted a Risk-based approach
of Internal Audit (RBIA). The primary focus of the audit
is on key risk areas, which are of substantial importance
to the Bank. The RBIA approach has been thoughtfully
structured taking into account the RBI guidelines and
internationally established practices. The Internal Audit
department reports to the Managing Director & CEO for
day-to-day activities and to the Audit and Compliance
Committee for Audit Planning & Reporting. Additionally,
your Bank also subjects its operations to Concurrent Audit
E\UHSXWDEOHDXGLWUPVWRFRPSOHPHQWLWVLQWHUQDODXGLW
function. The Concurrent Audit covers core activities such
as Credit Portfolio, Financial Markets, Operations, and
` 100,000. Your Bank reinforced its pan-India

presence through more than 630 branches and
1,190+ ATMs, covering all 29 States and 7 Union
Territories, and also extended the highly attractive
services to NRI customers, through its Global
Indian Banking proposition. On the Current Account
and Corporate (Savings Account) front, your Bank
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customer segments and offered customized
products - wealth products to owner-promoters and
Directors of corporates and salary accounts to these
companies under the Y-COPs Program (Corporate
Salary Programs). Your Bank tapped the supply chain
of large corporate customers by offering superior
technology-driven cash management and liquidity
management solutions. Your Bank engaged with
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products to their customers as a part of its strategy
WR DGGUHVV QDQFLDO LQWHUPHGLDULHV DQG FDSLWDOL]H
on references of technology-savvy and transactionheavy customers. During FY 2014-15, your Banks
retail broking business has enhanced the synergy of
the overall retail liabilities business, strengthening
the overall retail franchise.
Branches. All audit reports are circulated to the relevant

management teams and the Audit and Compliance
Committee of the Board.
Your Banks Internal Audit department is ISO 9001:2008
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Compliance
Your Bank has institutionalized a strong compliance
culture across the organization, pursuant to its
strategic goals of transparency and trust, among all its
stakeholders. Your Bank has a dedicated Compliance
Department for ensuring regulatory compliance, across
all its businesses and operations. The key functions
of this department includes, dissemination of key
regulatory updates affecting the various businesses of
your Bank, review of new products and processes from
a regulatory compliance perspective, provide guidance
on compliance-related matters, impart training to
employees on compliance aspects, among others. Your
Bank has also put in place a Know Your Customer and
Anti-Money Laundering Policy, approved by the Board
of Directors, and transaction monitoring procedures, as
per the RBI guidelines.
Vision, Mission and Business Strategy
The result of these initiatives was that your Banks

CASA ratio increased from 22.0% of total deposits
as on March 31, 2014 to 23.1% as on March 31,
2015.
Your Banks vision is to emerge as the Finest Quality

Bank of the World in India by 2020 and evolve its brand
into the Professionals Bank of India.
In April 2010, your Bank launched Version 2.0 aligned
with this vision and to build scale, granularity and
diversity. Your Bank sustained its Version 2.0 strategy
around relationships, knowledge and service to deliver
customized and comprehensive customer solutions.
Your Bank focused on seven strategic objectives related
to Version 2.0, which are explained below:
1.
Liabilities Generation: The principal objective of

your Bank was to increase Current and Savings
Account (CASA) deposits and granular term
deposits. Your Bank used a business-to-businessto-customer (B2B2C) strategy with a focused target
segment approach, offering products centered
around customer needs. Your Bank continued to
capitalize on the deregulation of interest rates on
saving accounts starting October 2011. Your Bank
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offering 7% on accounts for balances greater than
or equal to ` 100,000 and 6% for balances below
2.
Robust Risk Management: Your Bank balanced and

reconciled growth with high asset quality through
effective risk mitigation. Your Banks risk strategy
fostered disciplined risk management and control.
Principally, your Bank intended to optimize capital
needs and maximize returns. Over 12-18 months,
your Bank focused on asset quality preservation
and capital optimization. Your Banks best-in-class
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net NPA of 0.12% at the close of the year under
review.
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Your Bank focused on deepening and acquiring
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knowledge sectors, across its Corporate Banking,
Commercial Banking, Business and Branch
Banking, Multinational Corporations, Government
relationships divisions. Your Banks goal was
to increase business volumes per customer by
97
Statutory Reports
building relationships and the cross-sale of

banking and advisory products. Going ahead, your
Bank will continue to diversify its business across
relationship groups, increasing granularity and
revenue diversity.
4.
Consistent Customer Service and Brand

Management: Your Banks brand was built around
the key pillars of Trust, Growth, Knowledgedriven Human Capital, Innovation, Technology,
Transparency and Responsible Banking. Your Bank
reinforced these pillars through various activities:
by advertising across print, radio, television and
the internet; organizing, attending and sponsoring
industry trade and knowledge seminars; authoring
knowledge-based publications; benchmarking
against the best customer service-driven companies
across industry verticals; adopting best practices
in customer service and delivery from consumer
goods industries; investing in continuous product,
Total: 10,810
process and soft skills training for employees;

improving customer service.
5.
Human Capital Management: Your Bank leveraged

its rich experience in project management and
execution supported by competent human capital;
your Bank offered opportunities in a professional
and entrepreneurial workplace along with
competitive compensation and relevant training.
The result: your Bank attracted the best talent from
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where it continued to be an employer of choice.
Besides, your Bank hired a number of senior banking
professionals from other private sector banks that
strengthened its retail banking leadership. Your
Bank continued to balance the recruitment of
top and senior management professionals at one
end with middle, junior and general management
professionals at the other (see graph below):
Average Age
43
Top: 103
Senior: 442
38
Middle: 2,386
34
Junior: 3,248
31
General: 4,631
28
Management Pyramid
6.
98
Effective Cost Management: Your Bank continued

to report one of the best cost-to-income ratios
in Indias banking sector. Your Bank effectively
managed costs by reducing wastage, negotiating
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costs. Your Bank focused on re-engineering its

processes and despite your Bank being in a
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best-in-class cost-to-income ratio of 41.3% in
FY 2014-15.
7.
Continuous Strengthening of Systems, Controls,

Processes and Procedures: Your Bank developed
technology-based solutions in conjunction with
robust processes and controls through centralized
operations in cost control, risk mitigation and scaleup opportunities. Even as the scale of the business
presented internal control challenges, your Bank
continued to strengthen its risk management
framework and operational controls.
Financial and Operating Performance

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performance for FY 2013-14 by delivering a stable
performance with continued focus on consolidation.
Your Bank has once again delivered superior Return
on Equity (RoE) of 19.0% and Return on Assets (RoA) of

1.6% for the year ended March 31, 2015.
Key Ratios
Return on Equity
Return on Annual Average
Assets
FY 2014-15
19.0%
1.6%
FY 2013-14
25.0%
1.6%
Basic Earnings Per Share `

Diluted Earnings Per Share `
Book Value Per Share `
Non Interest Income to Net
Revenues
49.3
48.0
279.6
37.0%
44.9
44.4
197.5
38.8%
Cost to Income
Gross NPA Ratio
Net NPA Ratio
41.3%
0.41%
0.12%
39.4%
0.31%
0.05%
Your Bank has continued to deliver on all key parameters with robust growth in net income, improving net interest
margins, stable asset quality and improving liability franchise with a CASA ratio of 23.1%. This helped your Bank
generate strong shareholder returns with basic and diluted EPS increasing to ` 49.3 and ` 48.0 respectively, taking
the book value up to ` 279.6 after considering a dividend of ` 9 per share.
Balance Sheet
Particulars
(` in Crores)
March 31, 2015
March 31, 2014
Growth % over
March 31, 2013
75,549.8
46,605.2
14,015.4
136,170.4
55,633.0
40,950.4
12,432.4
109,015.8
35.8
13.8
12.7
24.9
11,680.0
91,175.8
26,220.4
7,094.2
136,170.4
7,121.7
74,192.0
21,314.3
6,387.8
109,015.8
64.0
22.9
23.0
11.1
24.9
Assets
Advances
Investments
Others
Total Assets
Liabilities
Shareholders Funds
Deposits
Borrowings
Others
Total Liabilities
Your Banks total Balance Sheet size increased by

24.9% from ` 109,015.8 Crores as of March 31, 2014
to ` 136,170.4 Crores as of March 31, 2015 due to an
increase in the size of advances owing to the overall
growth of the business.
Advances
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35.8% in its loan book with advances increasing to
` 75,549.8 Crores, on the back of growth in lending in
Corporate Banking (large corporations, governmentowned corporations and institutions, multinational
FRUSRUDWLRQV DQG ,QGLDQ QDQFLDO LQVWLWXWLRQV
Commercial Banking (mid-market corporations,

operating across various industries), Branch Banking
(SMEs, MSMEs and Retail) and priority sector lending.
The yield on advances for the year was 12.2%.
Investments
Total investments as at March 31, 2015 increased by
13.8% to ` 46,605.2 Crores from ` 40,950.4 Crores as
at March 31, 2014. This can be mainly attributed to the
increase in Government Securities of ` 7,572.2 Crores
compensated by decrease in Non-SLR investments of
` 1,917.3 Crores.
99
Statutory Reports
Deposits
Your Banks deposits increased by 22.9% to ` 91,175.8
Crores as at March 31, 2015 which comprised of
` 8,499.4 Crores of demand deposits, ` 12,579.5 Crores
of savings deposits and ` 70,096.9 Crores of term
deposits. Term deposits increased by 21.2% as at March
31, 2015 over March 31, 2014 while savings deposits
increased by 34.9% and current deposits increased
by 21.1% as at March 31, 2015 over March 31, 2014.
The Bank has seen an increase in the composition of
granular deposits on account of an increasing branch
franchise and customer base of the Bank. Current and
Savings Account (CASA) deposits grew by 29.0% to
` 21,079.0 Crores taking the CASA ratio to 23.1% as at
March 31, 2015 up from 22.0% as of March 31, 2014.

The Bank continues to witness increased traction in
CASA on the back of growing branch network, improving
productivity, improved brand franchise and enhanced
savings rate offering.
Borrowings
Total borrowings of your Bank increased from ` 21,314.3
Crores as at March 31, 2014 to ` 26,220.4 Crores as at
March 31, 2015. Your Bank on the back of a Moodys
International rating (Baa3, in line with Indias sovereign
rating) increased its foreign currency borrowing from
` 5,224.4 Crores as on March 31, 2014 to ` 8,814.7
Crores as on March 31, 2015.
(` in Crores)
3URWDQG/RVV$FFRXQW
Particulars
Net Interest Income
Non Interest Income
Total Net Income
Operating Expenses
Employee Costs
Other Costs
2SHUDWLQJ3URW
Provisions and Contingencies
3URWEHIRUH7D[
Provision for Taxes
3URWDIWHU7D[
Interest Income
Your Banks total interest income increased by 15.9%,
from ` 9,981.4 Crores for the year ended March 31, 2014
to ` 11,572.0 Crores for the year ended March 31, 2015.
Interest income on advances and discounts on bills
increased by 22.6%, primarily due to an increase in gross
advances. The average yield on your Banks advances
portfolio was 12.2% for the year ended March 31, 2015.
Interest income on investments increased by 2.8%, due
to higher average investment portfolio during the year.
These investments were mainly in government securities
(including investments held to meet SLR requirements),
FRUSRUDWHGHEHQWXUHVDQGERQGVSDVVWKURXJKFHUWLFDWHV
of mortgage-backed and asset-backed securities,
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,QWHUHVW([SHQVH
Your Banks total interest expense increased by 11.3%,
from ` 7,265.1 Crores for the year ended March 31,
2014 to ` 8,084.2 Crores for the year ended March
100
FY 2014-15
FY 2013-14
Growth % over
FY 2013-14
3,487.8
2,046.5
5,534.3
2,284.7
979.7
1,305.0
3,249.6
339.5
2,910.1
904.7
2,005.4
2,716.3
1,721.5
4,437.8
1,749.8
784.4
965.4
2,688.0
361.7
2,326.3
708.5
1,617.8
28.4
18.9
24.7
30.6
24.9
35.2
20.9
-6.1
25.1
27.7
24.0
31, 2015. Interest expense on deposits increased by

16.3%, primarily due to an increase in overall deposit
base. Interest expense on RBI / inter-bank borrowings
decreased by 7% due to decrease in cost of borrowing
during the year.
Net Interest Income
Your Banks net interest income increased at a rate of
28.4% from ` 2,716.3 Crore for the year ended March
31, 2014 to ` 3,487.8 Crore for the year ended March
31, 2015. Overall yield on interest bearing assets
reduced to 10.1% for the year ended March 31, 2015
from 10.2% for the year ended March 31, 2014. This was
accompanied by a decrease in cost of funds from 8.4%
for the year ended March 31, 2014 to 8.2% for the year
ended March 31, 2015 driven by increase in percentage
of low cost deposits in the form of CASA. Both the above
factors along with capital raised resulted in net interest
margins improving from 2.9% for the year ended March
31, 2014 to 3.2% for the year ended March 31, 2015.
Other Income
Your Bank also displayed robust growth in non-interest
income by 18.9% from ` 1,721.6 Crores for the year
ended March 31, 2014 to ` 2,046.5 Crores for the
year ended March 31, 2015, primarily due to increases
in commission, exchange and brokerage income.
Commission, exchange and brokerage income comprised
mainly income from opening and negotiating letters
RI FUHGLW FRPPLVVLRQ FKDUJHG RQ QDQFLDO JXDUDQWHH
and performance guarantee, cash management services,
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Income from these increased by 56.7% from ` 1,260.9
Crores for the year ended March 31, 2014 to ` 1,976.5
&URUHV IRU WKH \HDU HQGHG 0DUFK 1HW SURW
from the sale of investments decreased from ` 166.2
Crores for the year ended March 31, 2014 to ` 142.1
&URUHV IRU WKH\HDU HQGHG 0DUFK 3URW IURP
exchange transactions and miscellaneous income had a
loss of ` 72.0 Crores for the year ended March 2015 due
to movement in currency and interest rates.
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Your Bank continued to make substantial investments
in human capital, information technology and branch
expansion to meet its growth targets. As a result,
operating expenses increased by 30.6% from ` 1,749.9
Crores for the year ended March 31, 2014 to ` 2,284.7
Crores for the year ended March 31, 2015. Employee
costs increased by 24.9% from ` 784.4 Crores for the year
ended March 31, 2014 to ` 979.7 Crores for the year ended
March 31, 2015, primarily due to the expansion of the
branch network resulting in head count increasing from
8,798 to 10,810. Employee costs accounted for 42.9%
of our operating expenses for the year ended March 31,
2015 compared to 44.8% for the year ended March 31,
2014. Rent, taxes and lighting also increased by 16.2% to
` 266.3 Crores on account of the rapid branch expansion
WR IURP 2WKHU VLJQLFDQW UHDVRQV IRU DQ
increase in operating expense comprised an increase in
information technology and asset outsourcing charges,
electricity, depreciation, maintenance charges, and
deposit insurance charges paid to deposit insurance
and credit guarantee corporation. Despite increasing
investments in people and branches, your Bank
maintained a very healthy cost to income ratio of 41.3%
for the year ended March 31, 2015.
Provisions and contingencies increased by 16.3% from
` 1,070.2 Crores for the year ended March 31, 2014 to
` 1,244.2 Crores for the year ended March 31, 2015.

The key components of provisions are provision for
taxation of ` 904.7 Crores (FY 2013-14: ` 708.5 Crores),
Release in provision on account of mark to market of
investments of ` 58.4 Crores (FY 2013-14: charge of
` 86.0 Crores), Provisions for NPAs of ` 130.0 Crores
(FY 2013-14: ` 135.8 Crores) and Provision for Standard
Assets ` 244.0 Crores (FY 2013-14: ` 127.9 Crores).
1HWSURW
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by 24.0% from ` 1,617.8 Crores for the year ended
March 31, 2014 to ` 2,005.4 Crores for the year ended
March 31, 2015.
Shareholders Funds and Capital

Management
Your Banks shareholder funds were ` 11,680.0 Crores
as at March 31, 2015 as compared to ` 7,121.7 Crores
as at March 31, 2014. The increase is mainly on account
of issuance of 53,492,272 equity shares of ` 10 each
IRUFDVKSXUVXDQWWRD4XDOLHG,QVWLWXWLRQV3ODFHPHQW
(QIP) at ` 550 per share aggregating to ` 2,942.1 Crores
QHWRIVKDUHLVVXHH[SHQVHVDQGSURWDIWHUWD[QHWRI
proposed dividend of ` 1,552.8 Crores. The Book Value
per share increased to ` 279.6 as at March 31, 2015
from ` 197.5 as at March 31, 2014 on the back of steady
growth and earnings retention of approximately 80%.
Total capital funds stood at ` 16,151.3 Crores as at
March 31, 2015 as per Basel III.
Tier-I Capital
Tier I Capital of your Bank has increased from ` 7,497
Crores to ` 11,876 Crores which is 58.4% increase in FY
2014-15 over FY 2013-14. The increase is on account
of issuance of 53,492,272 equity shares of ` 10 each
IRUFDVKSXUVXDQWWRD4XDOLHG,QVWLWXWLRQV3ODFHPHQW
(QIP) at ` 550 aggregating to ` 2,924.8 Crores (net
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earned during FY 2014-15 amounting to ` 1,540 Crores.
Tier-II Capital
During FY 2014-15, your Bank did not mobilize any
further subordinated debt.
As per Basel III norms, Your Bank had a capital adequacy
ratio of 15.6% as at the end of FY 2014-15. As per BaselIII, Tier-I capital ratio was 11.5% and the Tier-II capital
ratio was 4.1% as at March 31, 2015.
101
Statutory Reports
March 31,
2015
March 31,
2014
Total capital ratio (CAR) out of

the above
15.6%
14.4%
- CET 1
- Tier I Capital
- Tier II Capital
11.0%
11.5%
4.1%
9.1%
9.8%
4.6%
Capital Adequacy Ratios
In line with the RBI circular on Basel III Capital

Regulations, currently for computing capital
requirement, your Bank has adopted the standardized
approach for credit risk, standardized duration
approach for market risk and Basic indicator approach
for operational risk. Your Bank has also put in place a
Board approved policy on Internal Capital Adequacy
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processes to review and improve the techniques used
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material risks and resultant capital requirements.
Swot Analysis
Strengths
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FY 2008-09, and subsequent weak macro-economic
environment reigning in India over the last few years.
The Capital Adequacy Ratio of your Bank has been always
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soundness and sustainability of the business, over the
longer term. Your Bank had delivered RoA (annualized) at
or above 1.5% and RoE (annualized) around 20%, over last
seven years. Your Bank has been able to achieve this by
adopting a calibrated approach to growth and risk, resulting
in the best asset quality among private and public sector
banks, with the lowest Net NPA and Gross NPA ratios. Your
Bank continues to maintain cost-to-income ratios below the
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as compared to peers. Continued focus on productivity
enhancement measures, and unlocking economies-of-scale
over the last few years, driven by technology and innovations
have helped your Bank in doing so. Your Bank has also
developed a strong standing in the market, mainly due to its
differentiated Knowledge Banking approach. This approach,
coupled with its prudent corporate lending strategy, and
expansion on retail and SME lending, helped minimize
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helped your Bank to validate its model, and acquire new
corporate clients due to a weak competitive environment.
Your Bank has had a proven track record to raise capital and
long term funding, necessary to sustain the high growth. It
102
has raised capital (both equity and other forms of capital) at

appropriate times. This ability to augment capital funds will
help capture growth opportunities with the macroeconomic
environment, improving in the future. Last but not the
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human capital base, since inception. Your Bank has initiated
many path breaking and innovative ideas to nurture talent,
such as the YES School of Banking and YES Professional
Entrepreneurship Program, making it a desired employer to
work with. Your Bank has been one of the largest and mostsought after recruiters from business schools in India.
Weaknesses
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last few years, it is still a relatively small player in the
banking space. It has a lower market share, as its network
of branches is still relatively smaller with lower presence
in remote locations. Being a relatively newer bank, brand
awareness among retail customers is lower than its peers,
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time. However, your Bank believes that this represents
an opportunity for the Bank. Your Bank has been making
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appropriate media campaigns, expanding its branch
network and ATM base, and thereby augmenting its
customer base at a rapid pace. Furthermore, your Banks
rural presence has also been correspondingly lower
than the larger private and public banking players.
Consequently, your Bank faces challenges in directly
reaching rural farmers. Your Bank has built a specialized
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to create an outreach in this domain. Your Bank also has
minimal international presence, and has only recently
made its maiden international foray, in the form of a
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to raise low-cost foreign currency funding, and pursue
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Opportunities
Although, the global economy is still short of full recovery
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policy is now back on agenda for the developed world.
This suggests that recovery is becoming broad-based, and
investors are now less worried about the sustainability of
debt levels. New dynamics imply higher import demand
from regions like the US, the Eurozone and Japan; creating
new opportunities for the emerging world. For India, as
exports grow, a push is also expected to come in the form
of governmental efforts, to revive the investment climate,
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Statutory Reports
Directors
Report
To the Members,
Your Directors are pleased to present the Eleventh
Annual Report on business and operations of your Bank
together with the audited accounts for the year ended
March 31, 2015.
Business Overview and Outlook

Your Bank performed well in Financial Year (FY) 2014-15
ZLWKDQHWSURWRI` 2,005 Crores which is an increase of
24% from FY 2013-14. Your Bank posted robust growth
in advances and deposits while gradually increasing
GLYHUVLFDWLRQ DQG JUDQXODULW\ DV UHHFWHG LQ KLJKHU
contribution of Retail and SME advances and CASA
Deposits. Your Bank has also successfully completed its
Version 2.0 journey over the last 5 years, growing from a
small sized bank and emerged as a meaningful entrant
into the Large Bank transforming into a high quality,
world-class institution in Indian banking amidst periods
of global and domestic downturn. In terms of Human
&DSLWDO VWUHQJWK \RXU %DQN KDV DFKLHYHG D VLJQLFDQW
milestone in FY 2014-15 crossing the 10,000 mark.
Given the overall optimism and the fact that the Indian
economy is set to receive a major impetus owing to
prudent policy reforms, your Bank is geared up to
capitalize on this momentum with a renewed vigour
and enthusiasm and establish itself as the Finest Large
Bank in the country.
Your Bank has also now achieved a critical mass and
momentum in terms of state-of-the-art branch network
with 630 branches and 1,190 ATMs across all 29 states
and 7 Union Territories of India. Your Bank has invested
VLJQLFDQWO\ LQ RIIHULQJ 'LJLWDO %DQNLQJ VHUYLFHV YLD
various channels while continuing to ramp up the
existing branch network. We believe that the future
of Banking lies in establishing a DIGICAL Digital +
3K\VLFDOLQIUDVWUXFWXUHZKLFKFRQVLVWVRIDQHEOHQGRI
RILQHDQGRQOLQHFKDQQHOVHPSOR\LQJLQQRYDWLRQDQG
technology combined with the effectiveness of human
touch points as a means of customer service excellence.
104
State of the Affairs of the Bank

)<ZDVDVLJQLFDQW\HDULQ\RXU%DQNVOLIHF\FOH
Your Bank continued on its consistent performance
with PAT growing to ` 2,005 Crores from ` 1,617 Crores
resulting in a Y-o-Y growth of 24%.
In FY 2014-15, your Bank raised over USD 1.2 Billion in
equity and long term debt by partnering with marquee
global investors who have reposed tremendous faith in
your Banks consistent performance and robust business
model. On May 30, 2014, your Bank successfully closed
D JOREDO 86' 0LOOLRQ 4XDOLHG ,QVWLWXWLRQV
3ODFHPHQW4,3ZKLFKZDVWKH),567VLJQLFDQWFDSLWDO
raising by an Indian Company post formation of the
new government. The Global QIP was oversubscribed 5
times with a demand of USD 2.5 billion from investors
across USA, UK, Europe and Asia.
Your Bank also raised a USD 422 Million Dual Currency
Loan in October, 2014 which received commitment
from 21 Banks across USA, Europe, Africa, Middle East,
Far East and Australia. More recently, in December,
your Bank received a USD 200 Million Unsecured
Loan from the Asian Development Bank which will be
XVHG WR QDQFH ZRUNLQJ FDSLWDO DQG LQYHVWPHQW ORDQV
targeted towards small farm households and rural
women in Self Help Groups (SHGs). In February 2015,
your Bank issued Indias 1st ever Green Infrastructure
Bonds raising an amount of USD 160 Million (` 1,000
Crores). The issue launched for ` 500 Crores plus green
shoe option witnessed strong demand from leading
investors including Insurance companies, Pension
& Provident Funds, Foreign Portfolio Investors, New
Pension Schemes and Mutual Funds, resulting in a total
subscription of ` 1,000 Crores.
Further information on the Business overview and
outlook and State of the affairs of the Bank is discussed
in detail in the Management Discussion & Analysis.
There is no change in the nature of business of the Bank
for the year under review.
Directors Report
Financial Performance
(` in Crores)
Particulars
Deposits
Borrowings
Advances
Total Assets/Liabilities
Net Interest Income
Non Interest Income
2SHUDWLQJSURW
3URWEHIRUH7D[
Provision for taxes
1HW3URW
$GG6XUSOXV'HFLWEURXJKWIRUZDUGIURPODVWSHULRG
Amount available for appropriation
Appropriations
Statutory Reserve under section 17 of the Banking Regulation Act, 1949
Capital Reserve
Investment Reserve
Proposed Dividend and Tax thereon
Adjustment to earlier year dividend and tax thereon
Surplus carried to Balance Sheet
Key Performance Indicators
Net Interest Margin
Return on Annual Average Assets
Return on Equity
Cost to Income Ratio
Your Bank posted Net Revenues (Net Interest Income

and other income) of `&URUHVDQG1HW3URWRI
` 2,005 Crores for the FY 2014-15. The Net Revenues and
1HW3URWIRUWKH)LQDQFLDO<HDUZDV` 4,437
Crores and ` 1,617 Crores respectively. Appropriations
IURPWKH1HW3URWKDYHEHHQHIIHFWHGDVSHUWKHWDEOH
given above. Please refer to the section on Financial and
operating Performance in the Management Discussion
DQG$QDO\VLVIRUDGHWDLOHGDQDO\VLVRIQDQFLDOGDWD
April 1, 2014 to
March 31, 2015
April 1, 2013 to
March 31, 2014
91,176
26,220
75,550
136,170
3,488
2,046
3,250
339
2,910
905
2,005
3,207
5,213
74,192
21,314
55,633
109,016
2,716
1,722
2,688
362
2,326
709
1,617
2,338
3,955
501
26
12
453
0
4,220
404
4
338
2
3,207
3.2%
1.6%
19.0%
41.3%
2.90%
1.60%
25.00%
39.40%
Dividend
Your Bank is rewarding its shareholders by way of
consecutive cash dividends considering the consistent
QDQFLDOSHUIRUPDQFHRI\RXUEDQNDQGSURPLVLQJIXWXUH
prospects while retaining capital to maintain a healthy
Capital Adequacy Ratio and to support future growth.
,QYLHZRIWKHH[FHOOHQWQDQFLDOSHUIRUPDQFHRI\RXU
Bank and in continuance of the earlier trends of cash
dividends, the Board of Directors have recommended
Dividend at a rate of ` 9 per equity share for approval by
the shareholders at the 11th Annual General Meeting.
105
Statutory Reports
Transfer to Reserves
Awards and Recognitions
As per requirement of RBI regulations, the Bank has

transferred the following amounts to various reserves
during Financial Year ended March 31, 2015-
During the year under review, your Bank was recognized

in various ways/by various institutions and some of the
awards presented to the Bank are listed below:
Amount transferred to
Statutory Reserve
Capital Reserve
Investment Reserve
Amount in ` Crores
501
26
12
Capital Raising & Capital Adequacy Ratio (CAR)

7KH %DQN KDG UDLVHG &DSLWDO WKURXJK 4XDOLHG
Institutional Placements (QIP) in the month of May
2014 and had received a tremendous response to the
QIP, raising USD 500 Million (` 2,942 Crores) at a rate
of ` 550 per share. Your Bank has utilized the proceeds
of the issue of equity shares under QIP for enhancing
the Solvency, Capital Adequacy Ratio and for general
Corporate Purposes.
The paid-up capital of your Bank has increased to
` 417.74 Crores as at March 31, 2015 from ` 360.63
Crores as at March 31, 2014, post raising of funds by way
of QIP and exercise of employee stock options during the
FY 2014-15.
Your Bank has not issued any equity shares with
differential voting rights during the year.
Your Bank also raised ` 1,000 Crores by way of Green
Infra Bonds during the FY 2014-15.
In line with the RBI circular on Capital Adequacy
Framework, your Bank has computed capital charge
for operational, market and credit risk and its
Capital Adequacy Ratio as per Basel III accord as at
March 31, 2015.
Your Bank is well capitalized with a Capital Adequacy
Ratio of 15.6% as at March 31, 2015 of which Tier I
Capital Ratio was 11.5% and Tier II Capital Ratio was
4.1%.
Deposits
Being a banking company, the disclosures required as
per Rule 8(5)(v)&(vi) of the Companies (Accounts) Rules,
2014, read with Section 73 and 74 of the Companies
Act, 2013 are not applicable to your Bank.
106
Your Bank has won the Excellence in Social Media

and Best Initiative in Financial Inclusion Awards
at the Retail Banker International Asia Trailblazer
Awards 2015
Your Bank was adjudged as Most Promising Brand
at the Economic Times Most Promising Brands
Awards at Mumbai, 2015
Your Bank was adjudged runner-up in the Most
Imminent Bank category by Outlook Money at
Mumbai, 2015
Your Bank won the Best Private Sector Bank at the
FPCIL Money Today Best Banks Awards, 2015
Your Bank was ranked 2nd Globally for Customer
Engagement through Social Media at International
Best Practice Competition, Abu Dhabi
Your Bank was awarded the prestigious AIMA RK
Swamy High Performance Brand Award 2014 in
Delhi in February 2015
Your Bank was awarded at the FINNOVITI Awards
- 2015 - for Incentivizing Customers by Offering
Discount Coupons on ATMs
Your Bank has received the Newgen Innovation
$ZDUG )< :RUNRZ DXWRPDWLRQ IRU
Trade Finance & Account opening processes
Your Bank was recognized by the Business Today
KPMG Indias Best Banks 2014 as Consistent
Performer and for Best Asset Quality among Large
Sized Banks.
Your Bank has received multiple awards including
Winner in the Mid Sized Category for ATMs &
Special Award for Innovation in IMPS from NPCI.
Your Bank has received the Best Transaction Bank
for Payments Award at The Banker Transaction
Directors Report
Banking Awards 2014 in London. Your Bank was

the only bank globally to have been awarded in
this category in 2014.
Your Bank was awarded the Best Asset Quality
(Private Sector) award at the Dun & Bradstreet
Banking Awards, 2014 held in Mumbai
Your Bank has been awarded the Best Performer in
Account Growth Rate Rising DP at the NSDL Star
Performers Awards 2014
Your Bank has received the Global Performance
Excellence Award -2014 in the Services Category
E\ $VLD 3DFLF 4XDOLW\ 2UJDQLVDWLRQ $342 LQ
Chicago, Illinois, USA. Your Bank has been declared
as World Class Organisation (top category award)
amongst 11 other organizations around the world.
Your Bank is the only Indian bank to win this
prestigious global award.
Your Bank has received the Bombay Chamber Good
Corporate Citizen Award 2013-14. Your Bank was
awarded in the Banks and Financial Institutions
category by the Bombay Chamber of Commerce
and Industry (BCCI)
Your Bank has received Golden Peacock
Environment Management Award 2014 in the
%DQNLQJ QDQFLDO &DWHJRU\ DW WKH WK :RUOG
Congress on Environment Management, New Delhi.
Your Bank has received the Outstanding
Sustainable Project Financing Award at the
prestigious Karlsruhe Sustainable Finance Awards,
Germany, 2014. This is the 2nd year in a row that
Your Bank has received this global recognition.
Your Bank is well capitalized with a Capital

Adequacy Ratio of 15.6% as at March 31, 2015 of
which Tier I Capital Ratio was 11.5% and Tier II
Capital Ratio was 4.1%.
Your Bank has won the MasterCard Payment
Innovation Awards 2014 under three of the total
nine categories. Your Bank won these recognitions
for introducing innovative Payment programs
that present effective and convenient solutions to
valued customers.
Employees Stock Option Scheme

Your Bank has instituted Stock Option Plans to enable
its employees to participate in your Banks future
JURZWK DQG QDQFLDO VXFFHVV <RXU %DQN SURYLGHV LWV
employees a platform for participating in important
decision making and instilling long term commitment
towards future growth of the Bank by way of rewarding
them through Stock Options. The Stock Option Schemes
also enable the Bank to hire the best talent for its
senior management and key positions. The Bank has
LPSOHPHQWHGYH(PSOR\HH6WRFN2SWLRQ6FKHPHVYL]
Joining Stock Option Plan I (JSOP I), Joining Employee
Stock Option Plan II (JESOP II), Joining Employee Stock
Option Plan III (JESOP III), YBL ESOP (consisting of two
sub schemes JESOP IV/PESOP I) and YBL JESOP V/PESOP
II (Consisting of three sub schemes JESOP V/ PESOP II/
PESOP II -2010).
The Employee Stock Option Plans are administered
by the Nomination & Remuneration Committee of the
Board (earlier known as Board Remuneration & Human
Capital Management Committee) of the Bank.
107
108
251,250
Total No of shares arising as a

result of exercise of option
258,200
Nil
Nil
(i) Total No of Options granted to

Senior Management Personnel
(SMP)
(ii) Any other employee who

received a grant in any one year of
options, amounting to 5% or more
of options granted during that year
LLL,GHQWLHGHPSOR\HHVZKRDUH
granted options, during any one
year equal to or exceeding 1%
of the issued capital (excluding
outstanding warrants and
conversions) of the Company at
the time of grant
Refer Note 2
1,203,840
Refer Note 2
2,512,500
17,600
17,600
Refer Note 1
-
Nil
JESOP II
Total No of Options in force

Total No. of Options granted to:
(during FY 2014-15)
Variation of terms of options

Money realized by exercise of
Options (during FY 2014-15) (in `)
251,250
Options Exercised
(during FY 2014-15)
Options lapsed/ Forfeited

(during FY 2014-15)
At par
-
Nil
The Pricing Formula

Options Vested
(during FY 2014-15)
Total No. of Options granted

(during FY 2014-15)
JSOP I
Nil
14,500
Refer Note 2
1,667,270
18,100
18,100
Refer Note 1
-
Nil
JESOP III
Nil
163,935
Refer Note 2
31,950,402.9
165,678
165,678
Refer Note 1
-
Nil
YBL ESOP
(JESOP IV)
Nil
342,315
Refer Note 2
44,735,518.3
249,660
249,660
Refer Note 1
-
Nil
YBL ESOP
(PESOP I)
Nil
Attached as
sub-table 1
230,000
4,093,653
Refer Note 3
321,590,796.6
336,550
1,187,872
1,187,872
Refer Note 1
1,055,750
575,900
YBL JESOP V
Nil
1,320,785
Refer Note 3
68,248,811.5
489,490
489,490
Refer Note 1
-
Nil
YBL PESOP II
Nil
Attached as
sub-table 2
715,000
12,786,400
Refer Note 3
336,330,465
425,400
1,230,550
1,230,550
Refer Note 1
1,846,350
2,306,000
YBL PESOP II
2010
The details of the grants under Schemes i.e. JSOP I, JESOP II, JESOP III, YBL ESOP and YBL JESOP V/PESOP II respectively are as follows:
Statutory Reports
JESOP II
JESOP III
48.01
YBL ESOP
(JESOP IV)
YBL ESOP
(PESOP I)
YBL JESOP V
YBL PESOP II
YBL PESOP II
2010
10.00
Weighted average fair values of

the outstanding options (in `)
43.30
68.40
45.65
92.11
103.49
192.85
87.79
179.19
168.10
270.73
62.34
139.43
174.97
273.32
March 31, 2015

8.10%-9.23%
1.5 yrs - 7.5 yrs
31.06%-48.72%
1.50%
Note 1: Being the closing price on the stock exchange with the highest trading volumes on the last working day prior to the date of grant.
Note 2: There is no variation in the terms of the options during the Financial Year ended March 31, 2015.
Note 3: 7KHVKDUHKROGHUVRIWKH%DQNE\ZD\RI3RVWDO%DOORWRQ-DQXDU\KDGDSSURYHGFHUWDLQPRGLFDWLRQVLQWHUPVRI<%/
JESOP V/ PESOP II scheme (consisting of three sub-schemes JESOP V/ PESOP II/ PESOP II-2010).
Risk free interest rate

Expected life
Expected volatility
Expected dividends
The Securities and Exchange Board of India (SEBI) has prescribed two methods to account for stock grants; namely (i) the intrinsic value method; (ii) the fair
value method. The Bank adopts the intrinsic value method to account for the stock options it grants to the employees. The Bank also calculates the fair value of
options at the time of grant, using Black-Scholes pricing model with the following assumptions:
10.00
The Bank has charged Nil amount, being the intrinsic value of the stock options granted for the year ended March 31, 2015 and March 31,
+DGWKH%DQNDGRSWHGWKH)DLU9DOXHPHWKRGEDVHGRQ%ODFN6FKROHVSULFLQJPRGHOIRUSULFLQJDQGDFFRXQWLQJRIRSWLRQVQHWSURW
after tax would have been lower by ` 353,234 thousands (Previous year: ` 341,904 thousands), the basic earnings per share would have been
` 48.47 (Previous year: ` 43.97) per share instead of ` 49.34 (Previous year: ` 44.92) per share; and diluted earnings per share would have been
` 47.16 (Previous year: ` 43.42) per share instead of ` 48.01 (Previous year: ` 44.35) per share.
Weighted average price of the

shares exercised during the year
(in `)
Impact of the difference between

the Intrinsic Value of the Options
and the Fair Value of the Options
RQ3URWVDQGRQ(36
Diluted Earnings Per Share (EPS)

of the Bank after considering the
effect of potential equity shares on
account of exercise of Options
JSOP I
Directors Report
109
Statutory Reports
Sub-table 1: Any other employee who received a grant

in any one year of options, amounting to 5% or more
of options granted during that year under YBL JESOP V
Name of Employee
Jyoti Prasad Ratho
Kanwar Vivek
Manish Agarwal
Preeti Sinha
Aseem Gandhi
Neelesh Sarda
Options granted
50,000
50,000
30,000
30,000
100,000
100,000
Sub-table 2: Any other employee who received a grant

in any one year of options, amounting to 5% or more of
options granted during that year under YBL PESOP II 2010
Name of Employee
Ashish Agarwal
Sanjay Palve
Options granted
150,000
200,000
Subsidiary Company
As on March 31, 2015, your Bank has one Subsidiary,
YES Securities (India) Limited (YSIL).
Performance and Financial Positions of YSIL

YES Securities (India) Limited successfully completed
LWVUVWIXOOQDQFLDO\HDURIRSHUDWLRQVLQ0DUFK
As on March 31, 2015, YSIL has 14,420 clients. Clients
are offered 3 products from the group A Current/
Savings Account and a Demat account from your Bank,
and a Trading account from YSIL. With a view to provide
customers with mobile access to its services, YSIL has
launched the YES INVEST mobile application for smart
phones Android, Apple and Blackberry Systems.
During the FY 2014-15, YSIL has earned a total revenue
of ` 443 Lakhs as against ` 54 Lakhs in the previous
year. YSIL has incurred a loss of ` 793 Lakhs in FY 201415 as compared to loss of ` 652 Lakhs in FY 2013-14.
YSIL monthly trading turnover has increased from ` 10
Crores in April 2014 to approx ` 290 Crores in March
2015. Further, Brokerage income has grown from ` 0.32
Lakhs in April 2014 to ` 44 Lakhs in March 2015. The
overall trading volume from the institutional segment
for the year ended March 31, 2015 was ` 343 Crores.
Directors
Your Bank has Ten (10) Directors consisting of Seven (7)
Independent Directors, Two (2) Non-executive Directors
DQG0DQDJLQJ'LUHFWRU &KLHI([HFXWLYH2IFHU0'
& CEO) as on March 31, 2015.
110
Independent and Non-Independent

Non-Executive Directors
,QWHUPVRIWKHGHQLWLRQRI,QGHSHQGHQFHRI'LUHFWRUV
as prescribed under Clause 49 of the Listing Agreement
entered with Stock Exchanges and Section 149(6) of
WKH&RPSDQLHV$FWDQGEDVHGRQWKHFRQUPDWLRQ
/ disclosures received from the Directors, the following
Non-Executive Directors are Independent Directors:1.
2.
3.
4.
5.
6.
7.
Mr. Ajay Vohra

Lt. Gen. (Retd.) Mukesh Sabharwal
Mr. Ravish Chopra
Mr. Brahm Dutt
Mr. Vasant V. Gujarathi
Mr. Saurabh Srivastava
Woman Director
In terms of the provisions of Section 149 of the
Companies Act, 2013 and Clause 49 of the Listing
Agreement, a company shall have at least one Woman
Director on the Board of the company. Your Bank has
Ms. Radha Singh as Director on the Board of the Bank
since April 2008, who is presently the Chairperson of
the Bank.
0DQDJLQJ'LUHFWRU &KLHI([HFXWLYH2IFHU
(MD & CEO)
Mr. Rana Kapoor has been serving as the Managing
Director & CEO of the Bank since September 1, 2004,
with the approval of Reserve Bank of India (RBI) and the
shareholders, from time to time.
The Board of Directors of the Bank at their meeting held
on April 22, 2015 has approved the re-appointment of
Mr. Rana Kapoor as MD & CEO subject to the approval
of the shareholders and the Reserve Bank of India.
Accordingly, the approval of shareholders is being
sought for his re-appointment as MD & CEO of the
Bank for a period of 3 years subject to RBI approval.
Appointments/Resignations from the Board

of Directors
During the year under review, Lt. Gen. (Retd.) Mukesh
Sabharwal, Mr. Ravish Chopra, Mr. Brahm Dutt,
Mr. Saurabh Srivastava and Mr. Vasant V. Gujarathi, were
appointed as Independent Directors by the shareholders
IRUDWHUPRIYH\HDUV
Directors Report
Ms. Radha Singh was appointed as an Independent

Director for a period of Two (2) years. Subsequently,
pursuant to the recommendations of the Board of
Directors of the Bank, the RBI approved the appointment
of Ms. Radha Singh as the Non-Executive Part-Time
Chairperson of the Bank for a period of two (2) years
from the date of her taking charge i.e. from October 30,
2014 which was subsequently taken on record by the
shareholders by way of Postal Ballot including approval
of terms of appointment. In terms of the aforesaid
approvals, she is continuing as the Non-Executive Parttime Chairperson of the Bank and she is also eligible for
remuneration including sitting fee. Accordingly, she is a
Non-Executive Non-Independent Director of the Bank
with effect from October 30, 2014.
The proposal for appointment of Mr. Ajay Vohra and
Mr. Diwan Arun Nanda, as Independent Directors is
being placed before the shareholders for approval, the
relevant details are forming part of the AGM notice.
business decisions are taken by the Board through

circulation from time to time.
The Board met four (4) times during the FY 2014-15 viz.
on April 23, 2014, July 23, 2014, October 30, 2014 and
January 14, 2015. Detailed information on the meetings
of the Board are included in the report on Corporate
Governance, which forms part of this Annual Report.
Additionally, several committee meetings were held
including Audit Committee meeting, which met six (6)
times during the year.
Committees of the Board

The Bank has several committees which have been
established as a part of the best corporate governance
practices and are in compliance with the requirements
of the relevant provisions of applicable laws and
statutes.
The Bank has following Committees of the Board:
There were no resignation of Directors during the year.
Appointments/Resignations of the Key

Managerial Personnel
Mr. Rana Kapoor, MD & CEO; Mr. Rajat Monga, Chief
)LQDQFLDO 2IFHU DQG 0U 6KLYDQDQG 5 6KHWWLJDU
Company Secretary of the Bank are the Key Managerial
Personnel as per the provisions of the Companies
$FW DQG ZHUH DOUHDG\ LQ RIFH EHIRUH WKH
commencement of the Companies Act, 2013.
Audit Committee
Fraud Monitoring Committee
Risk Monitoring Committee
Board Credit Committee
Service Excellence, Branding
Committee
and
Marketing
None of the Key Managerial Personnel has resigned or

appointed during the year under review.
IT Strategy Committee
Directors Retiring by Rotation
Nomination and Remuneration Committee
In terms of Section 152 of the Companies Act, 2013,

0U 0 5 6ULQLYDVDQ EHLQJ ORQJHVW LQ WKH RIFH VKDOO
retire at the ensuing AGM and being eligible for
re-appointment, offers himself for re-appointment.
Number of Meetings of the Board

Regular meetings of the Board are held to discuss and
decide on various business policies, strategies and
other businesses. The schedule of the Board/Committee
PHHWLQJVWREHKHOGLQWKHIRUWKFRPLQJQDQFLDO\HDULV
being circulated to the Directors in advance to enable
them to plan their schedule for effective participation
in the meetings. Due to business exigencies, certain
Stakeholders Relationship Committee

Corporate Social Responsibility Committee
Capital Raising Committee
Committee of Independent Directors
The details with respect to the compositions, powers,
roles, terms of reference, etc. of relevant committees
are given in details in the Report on Corporate
Governance of the Bank which forms part of this
Annual Report.
111
Statutory Reports
Corporate Social Responsibility Committee

In compliance with Section 135 of the Companies
Act, 2013 read with the Companies (Corporate Social
Responsibility Policy) Rules 2014, the Bank has
established Corporate Social Responsibility (CSR)
Committee and statutory disclosures with respect to the
CSR Committee and an Annual Report on CSR Activities
forms part of this Report as Annexure 1.
Performance Evaluation of the Board

The Nomination and Remuneration Committee at
its meeting held on October 29, 2014 and the Board
of Directors at its meeting held on October 30, 2014
respectively, had laid down criteria for performance
evaluation of Directors, Chairperson, MD & CEO, Board
Level Committees and Board as a whole and also the
evaluation process for the same.
The statement indicating the manner in which formal
annual evaluation of the Directors, the Board and Board
level Committees are given in detail in the report on
Corporate Governance, which forms part of this Annual
Report.
The performances of the members of the Board, the
Board level Committees and the Board as a whole
were evaluated at the meeting of the Committee of
Independent Directors and the Board of the Directors
held on April 22, 2015.
Corporate Governance
Your Bank is committed to achieve the highest
standards of Corporate Governance and adheres to
the Corporate Governance requirements set by the
Regulators/applicable laws. Accordingly, your Board
functions as trustees of the shareholders and seeks
to ensure that the long term economic value for its
shareholders is achieved while balancing the interest
of all the stakeholders.
A separate section on Corporate Governance standards
followed by your Bank, as stipulated under Clause 49
of the Listing Agreement with the Stock Exchanges is
enclosed as an Annexure to this report. The report on
Corporate Governance also contains certain disclosures
required under the Companies Act, 2013.
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Company Secretaries, conforming compliance to the
112
conditions of Corporate Governance as stipulated under

Clause 49 of the Listing Agreement, is annexed to this
Report.

The Management Discussion and Analysis Report for
the year under review as stipulated under Clause 49
of the listing agreement with the Stock Exchanges in
India is presented in a separate section forming part of
this Annual Report.
Vigil Mechanism
The Bank has implemented a Whistle Blower Policy
pursuant to which Whistle Blowers can raise concerns
UHODWLQJWR5HSRUWDEOH0DWWHUVDVGHQHGLQWKHSROLF\
such as breach of YES BANK Code of Conduct, fraud,
bribery, corruption, employee misconduct, illegality,
health & safety, environmental issues and wastage/
misappropriation of bank funds/assets, etc. Further,
the mechanism adopted by the Bank encourages
the Whistle Blower to report genuine concerns or
grievances and provides for adequate safeguards
against victimization of Whistle Blower who avail of
such mechanism and also provides for direct access to
the Chairman of the Audit Committee, in exceptional
cases. The functioning of the Vigil mechanism is
reviewed by the Audit Committee from time to time.
None of the Whistle Blowers have been denied access
to the Audit Committee of the Board. The details of
the Whistle Blower Policy are explained in the Report
on Corporate Governance and also available on the
website of the Bank (www.yesbank.in).
Risk Management Policy

Your Bank has Board approved various Risk Management
Policies and an Internal Capital Adequacy Assessment
(ICAAP) Policy wherein all material risks faced by the
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controls are assessed and policies and procedure are
put in place for monitoring, mitigating and reporting
risk on a periodic basis.
Loans, Guarantees or Investments in Securities

Pursuant to Section 186(11) of the Companies Act, 2013
loans made, guarantees given or securities provided or
acquisition of securities by a Banking company in the
ordinary course of its business are exempted from
disclosure in the Annual Report.
Directors Report
Contracts or Arrangements with Related

Parties
All related party transactions that were entered during
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Internal Financial Control Systems and their

Adequacy
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Auditors
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(b) Secretarial Auditors and Secretarial Audit

Report
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Secretarial Auditors to conduct the secretarial audit
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to this report as Annexure 2.

Statutory Reports
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Auditors Report and in the Secretarial Audit Report as
annexed elsewhere in this Annual Report.
Business Responsibility Report

The Securities and Exchange Board of India through
its circular CIR/CFD/DIL/8/2012 dated August 13, 2012,
has mandated the top 100 listed entities, based on the
market capitalization on BSE Limited and National
Stock Exchange of India Limited as at March 31, 2012,
to include the Business Responsibility Report (BRR)
as part of the Annual Report. Accordingly, your Banks
Business Responsibility Report has been included in
this Annual Report.
Material Changes and Commitment Affecting

Financial Position of the Bank
There are no material changes and commitments,
DIIHFWLQJWKHQDQFLDOSRVLWLRQRIWKH%DQNZKLFKKDV
RFFXUUHGEHWZHHQWKHHQGRIWKHQDQFLDO\HDURIWKH
Bank i.e. March 31, 2015 and the date of the Directors
report i.e. April 22, 2015.
Employee Remuneration
(A) The statement containing particulars of employees
as required under Section 197(12) of the Companies
Act, 2013 read with Rule 5(2) of the Companies
(Appointment and Remuneration of Managerial
Personnel) Rules, 2014 forms part of this report. In
terms of Section 136 of the Companies Act, 2013
the same is open for inspection at the Registered
2IFHRI\RXU%DQN&RSLHVRIWKLVVWDWHPHQWPD\
be obtained by the members by writing to the
Company Secretary of your Bank.
(B) The ratio of the remuneration of each director to
the median employees remuneration and other
details in terms of sub-section 12 of Section 197
of the Companies Act, 2013 read with Rule 5(1) of
the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, are forming
part of this report as Annexure 3.
Statutory Disclosures
(1) The disclosures to be made under sub-section (3)
(m) of Section 134 of the Companies Act 2013
read with Rule (8)(3) of the Companies (Accounts)
Rules, 2014 by your Bank are explained as under:
114
(A) Conservation of Energy

(
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sector ISO 14001:2004 Environmental
Management System (06 FHUWLFDWLRQ IRU
the Bank
ISO 14001:2004 which is worlds leading
Environmental
Management
System
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only a few international banks achieving it. In
line with its commitment to achieve internal
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minimizing its carbon footprint, your Bank
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FY 2014-15, 67 additional sites across India
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major cluster hub Branches and 3 corporate
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to rigorously measure, manage and report
its carbon footprint and is a proactive step
towards mitigating adverse impact on the
environment.
(i) the steps taken or impact on conservation of
energy;
LED tube lights project at Corporate
2IFH DW ,QGLDEXOOV )LQDQFH &HQWUH ,)&
Mumbai: The conventional (T5) tube
lights were replaced with LED lights in
IFC. The installation of 2714 LED tube
lights will lead to a saving of 196,765
KWhr of energy per year.
Installation of Global Positioning System
*36 LQ RIFH UXQQHUV *36 WUDFNLQJ
devices were installed in two wheelers
across National Capital Region (NCR)
region in phases to track the km running
on actual & save on fuel cost.
(ii) the steps taken by the Bank for utilizing
alternate sources of energy: Your Bank has
explored the potential of using alternate
sources of energy through pilot projects
which may be considered for implementation
Directors Report
in future and your Bank would continue to

explore alternative sources of energy in future.
(iii) the capital investment on energy conservation
equipments: ` 38.11 Lakhs (LED Tube lights
project at IFC, Mumbai)
(B) Technology Absorption

(i) The efforts made towards technology
absorption;
Technology is a key enabler and core facilitator
WRWKHNH\JRDOVRI\RXU%DQNDQGLVLGHQWLHG
as one of the strategic pillars of the Bank.
Since inception your Bank has been at the
forefront of leveraging technology to provide
better products and services to its customers.
Your Bank is a truly differentiated Financial
Institution with world-class, state-of-the-art
technology. All departments within the Bank
use IT to deliver superior products and services
to the customers, including innovations like
Money Monitor, Mobile Banking, One view of
customer relationship and most advanced
voice enabled IVR.
Your Bank has adopted innovative modern
technology and best in class international
banking practices in respect of governance
frameworks to ensure that it renders the
highest standards of service quality and
operational excellence to its customers. As a
new generation Bank, your Bank has deployed
Technology as a Strategic Business enabler to build a distinct competitive advantage and
to achieve Superior standards of Customer
Service. The technology architecture and
the innovative IT Outsourcing structure has
enabled your Bank to achieve high standards
of Customer Service at comparatively lower
cost structures.
many accolades and awards for the Bank. One

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bank in India to offer two factor authentication,
single PIN access to all electronic channels,
Wi-Fi branches are some of the examples.
Innovations like Money Monitor (aggregation
of customer accounts of all types across
11,000 institutions globally), Mobile Money
Services, dual factor authentication, one view
of customer relationship and most advanced
voice enabled IVR helps the products and sales
teams to offer superior products and services.
Your Bank has evaluated and implemented
cutting edge technologies like virtualization,
cloud computing and social media to invest in
the best in class IT systems and practices, and
in order to ensure that its technology platform
becomes a strategic business tool for building
a competitive advantage.
Apart from product development, product
improvement & effective cost management,
technology has also played a major role in
customer acquisition & ensuring high level
of service delivery & customer excellence.
Your Bank has also been able to cater to
Financial Inclusion needs through its award
winning and globally recognized technology
solution platform which offers doorstep
banking services.
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cost reduction, product development or import
substitution;
Technology has responded by being true
VWUDWHJLF SDUWQHU ZLWK EXVLQHVV 0DQ\ UVW
mover implementations have provided
business, long lasting advantages, as also won
115
Statutory Reports
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the
QDQFLDO\HDU
(a)
Details of Technology Imported
(b)
Year of Import
(c)
Whether the Technology
been fully absorbed
(d)
if not fully absorbed, areas
where absorption has not taken
place, and the reasons thereof
IBM Pseries P7, Xseries, V7000

and SAN Switch
October, 2012
Yes
NA
Oracle sun server X3-2 and

Oracle Solaris cluster, Enterprise
Edition- Processor perpetual
October, 2012
Yes
NA
IBM Xseries Server and FC Cards
July, 2013
Yes
NA
VTL Backup Solution for

Enterprise backup
December, 2013
Yes
NA
Hardware Purchase fo BI platform

refresh, Contact Center upgrade
and Capacity upgrade
December, 2013
Yes
NA
(iv) Your Bank has not incurred any expenditure on Research and Development during the year under review.
(C) Foreign Exchange Earnings and Outgo

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During the year ended March 31, 2015, the Bank earned ` 78.10 Crores and spent ` 265.20 Crores in foreign
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transactions.
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concern status and Banks operations in future.
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Workplace (Prevention, Prohibition and Redressal) Act, 2013.
Your Bank has Zero tolerance towards any action on the part of any executive which may fall under the ambit
of Sexual Harassment at workplace, and is fully committed to uphold and maintain the dignity of every women
executive working in the Bank. The Policy provides for protection against sexual harassment of women at
workplace and for prevention and redressal of such complaints.
1XPEHURIFRPSODLQWVSHQGLQJDVRQWKHEHJLQQLQJRIWKHQDQFLDO\HDU
1XPEHURIFRPSODLQWVOHGGXULQJWKHQDQFLDO\HDU
1XPEHURIFRPSODLQWVSHQGLQJDVRQWKHHQGRIWKHQDQFLDO\HDU
Nil
Seven
Nil
(4) No stock options were issued to the Directors of your Bank.
Extracts of Annual Return

Pursuant to sub-section 3(a) of Section 134 and sub-section (3) of Section 92 of the Companies Act 2013, read with
Rule 12 of the Companies (Management and Administration) Rules, 2014 the extracts of the Annual Return as at
March 31, 2015 forms part of this report as Annexure 4.
116
Directors Report
Directors Responsibility Statement
Acknowledgement
Pursuant to the requirement under Section 134(5) of

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Your Directors take this opportunity to express their

deep and sincere gratitude to the customers of the
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to the Reserve Bank of India, Securities and Exchange
Board of India, Government of India and other
Regulatory Authorities for their co-operation, support
and guidance. Your Directors would like to express a
profound sense of appreciation for the commitment
shown by the employees in supporting the Bank in
its continued robust performance on all fronts. Your
Directors would also like to thank the employees for
their continued support as the Bank evolves as the
Professionals Bank of India with a vision To be the
Finest Quality Bank of the World in India by 2020.
(a) in the preparation of the annual accounts, the

applicable accounting standards had been followed
along with proper explanation relating to material
departures;
(b) the directors had selected such accounting policies
and applied them consistently and made judgments
and estimates that are reasonable and prudent so
as to give a true and fair view of the state of affairs
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care for the maintenance of adequate accounting
records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the assets
of the Bank and for preventing and detecting fraud
and other irregularities;
(d) the directors had prepared the annual accounts on
a going concern basis;
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controls to be followed by the Bank and that such
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operating effectively; and
For and on behalf of the Board of Directors
Rana Kapoor
(DIN No: 00320702)
Radha Singh
Non-Executive Part-time
Chairperson
(DIN No: 02227854)
Place: Mumbai
Date: April 22, 2015
(f) the directors had devised proper systems to ensure

compliance with the provisions of all applicable
laws and that such systems were adequate and
operating effectively.
117
Statutory Reports
ANNEXURE 1
The Annual Report on Corporate Social
Responsibility (CSR) Activities
A brief outline of the Banks CSR policy, including
overview of projects or programs proposed to be
undertaken
YES BANK Limiteds CSR Policy
Your bank, since inception has believed in creating
sustained value for its stakeholders through social,
economic and environmental interventions. The bank,
through its Responsible Banking ethos aims to enhance
value creation and is committed towards playing
a larger role in Indias sustainable development by
embedding wider economic, social and environmental
objectives. With a vision of becoming the benchmark
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the bank formulated a Corporate Social Responsibility
(CSR) policy to deliver internal and external positive
socio-environmental impact while ensuring focused
contribution towards CSR. The policy applies to Banks
FRUSRUDWHRIFHVQDWLRQDORSHUDWLQJFHQWUHVDQGEUDQFK
locations within India.
Approach towards CSR
Promote principles of social responsibility and
inclusive growth through awareness and support
Invest in socially and environmentally responsible
activities to create positive impact
Engage with stakeholders to further the
sustainability agenda of the bank and empower
with knowledge
Collaborate with likeminded institutions and forge
partnerships towards addressing the needs of the
stakeholders
Monitor the environmental and social investment of
YES BANK Limited through structured governance
and transparent performance indicators
Your Banks focus areas under CSR
1. Livelihood security and enhancement
a) Education
b) Skills/ Employability training
118
2.
3.
4.
Healthcare and Social welfare

Environment Sustainability
Arts/Sports and culture
Overview of Activities
In line with the CSR policy and in accordance of
Schedule VII of the Companies Act, 2013, your bank
undertook various activities during the year which
positively impacted lives. Key initiatives undertaken:
Supplementary and higher education
Employability training
Awareness and educating communities on
environmental and social topics of national
importance
Accessibility to safe and clean drinking water
Womens safety
Women and child healthcare
Environmental conservation
Web-Link to the CSR Policy
http://www.yesbank.in/images/all_pdf/YBL_Corporate_
Social_Responsibility_Policy.pdf
Composition of CSR Committee
Your bank recognizes its responsibility towards the
society and environment in which it operate and
accordingly had been working towards CSR and
Sustainable Development focusing on the Triple
Bottom line ethos since its inception. Your bank has
constituted Corporate Social Responsibility Committee
to monitor the CSR activities.
Members of the committee are:
1. Ms. Radha Singh (Chairperson of the Committee)
(Non-Executive Part-time Chairperson of the Board)
2. Mr. Diwan Arun Nanda (Independent Director)
3. Mr. Brahm Dutt (Independent Director)
4. Mr. Ravish Chopra (Independent Director)
5. Mr. Rana Kapoor (MD&CEO)
$YHUDJH QHW SURW EHIRUH WD[ RI WKH &RPSDQ\ IRU ODVW
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` 1,901.35 Crores
Prescribed CSR Expenditure (two per cent of the
amount as above)
` 38.02 Crores
YES COMMUNITY
YES RISE (Rural Impact

through Sustainable
Enterprises)
Say YES to Sustainable

MSMEs in India
YES STEADY (Skills

Training and
Enhancement for
Development of Youth)
Natural Capital
Initiatives
Donation to YES
Foundation
Expenditure on
administrative
overheads
CSR project
RUDFWLYLW\LGHQWLHG
S.
No
Promoting Education
Promoting Education
Ensuring Environment
Sustainability
Promoting Education
Livelihood Enhancement
Promoting preventive
healthcare & Education
Ensuring Environment
Sustainability
Promoting Preventive
Healthcare, Sanitation &
Education
Making available Safe

Drinking Water
Promoting Preventive
Healthcare, Sanitation,
Education & empowering
women
Sector in which the project is

covered
Pan India
Pan India
Pan India
Punjab, Uttar Pradesh,

Maharashtra, New Delhi
Maharashtra, Rajasthan,
Madhya Pradesh, Kerala,
Tamil Nadu
Pan India
Projects or programs
(1) Local area or other
(2) Specify the State
and district where
projects or Programs
was undertaken
TOTAL
3.00 Crores
0.94 Crores
1.78 Crores
0.49 Crores
4.53 Crores
3.97 Crores
Amount outlay
(budget) project
or program wise
15.71 Crores
0.75 Crores
3.00 Crores
0.94 Crores
1.89 Crores
0.43 Crores
4.73 Crores
3.97 Crores
Amount spent on the

projects
or programs Subheads:
(1)Direct expenditure
on projects or programs.
(2)Overheads
3.00 Crores
0.94 Crores
1.89 Crores
0.43 Crores
4.73 Crores
3.97 Crores
Cumulative
Expenditure
upto the
Reporting
Period
YES
FOUNDATION
Direct
Direct &
Deshpande
Foundation
Foundation for
MSME Clusters
(FMC)
Direct
Direct
Amount spent:
Direct or
through
implementing
agency
D 7RWDODPRXQWWREHVSHQWIRUWKHQDQFLDO\HDU` 25.00 Crores

The bank has spent ` 15.71 Crores during FY 2014-15
b. Amount unspent, if any: ` 9.29 Crores (Environmental sustainability projects allocated against this amount would now be considered for FY 2015-16)
F 0DQQHULQZKLFKWKHDPRXQWVSHQWGXULQJWKHQDQFLDO\HDULVGHWDLOHGEHORZ
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Directors Report
119
Statutory Reports
Your bank has integrated sustainability and responsible

banking as part of its ethos since inception and
continuously works towards becoming the benchmark
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Your bank believes in creating stakeholder value
through projects based on unique models with
scalable and sustainable impact and through its CSR
interventions has been able to touch more than 700,000
lives in FY 2014-15. Access to safe and clean drinking
water, a critical issue has been addressed by providing
community water systems and household innovative
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rural locations. The issue of education and school drop
outs has been addressed through 116 Community
Knowledge centres that are providing supplementary
education to children from under privileged localities.
In addition, access to gynaecology intervention amongst
women has been addressed through 196 special health
camps and provided sanitary napkins. Your banks
focus on the critical MSME sector through focused
interventions has helped educate and aid 70 MSMEs on
HQHUJ\HIFLHQF\LQRSHUDWLRQVDQGRFFXSDWLRQDOKHDOWK
and safety. YES COMMUNITY, a unique community
engagement initiative to catalyze positive action,
leverages your banks nationwide branch network to
create awareness on socio-environmental issues of
national importance. Your bank also actively nurtures
talent through education, scholarships and skills
training to provide employability.
120
Your bank would scale up these projects in the next

VFDO,QDGGLWLRQDVDSXEOLFWUXVWLQVWLWXWLRQ\RXUEDQN
also works extensively on livelihood enhancement
SURJUDPV HVSHFLDOO\ ZLWK ZRPHQ QDQFLDO LQFOXVLRQ
with migrants, and positive impact sectors like
renewable energy sector. While these interventions
PD\ QRW IDOO XQGHU WKH DPELW RI WKH GHQLWLRQ RI &65
under the Companies Act 2013, it helps create a larger
socio-economic impact. For your bank it is mission
critical to contribute to the betterment of society and
environment and therefore channelize its resources
appropriately. In FY 2014-15, the Bank realigned
its existing CSR activities approach in line with the
rules, and formulated strategic projects and alliances
with reputed partners post due diligence. Having
spent 0.83% towards CSR as per Section 135 of the
Companies Act 2013, this year, your Bank is committed
to increase its CSR impact and spend over the coming
years, supplemented by its continued focus towards
sustainable development and responsible banking.
7KH&65&RPPLWWHHFRQUPVWKDWWKHLPSOHPHQWDWLRQ
and monitoring of CSR Policy, is in compliance with CSR
objectives and Policy of the Bank.
Rana Kapoor
Radha Singh
Chairperson CSR Committee
Directors Report
ANNEXURE 2
SECRETARIAL AUDIT REPORT
)RUWKHQDQFLDO\HDUHQGHG0DUFK
[Pursuant to section 204(1) of the Companies Act, 2013 and Rule No.9 of the Companies
(Appointment and Remuneration of Personnel) Rules, 2014]
To
The Members
YES BANK Limited
9th Floor, Nehru Centre,
Discovery of India,
Dr. A. B. Road, Worli,
Mumbai: 400 018.
We have conducted the Secretarial Audit of the

compliance of applicable statutory provisions and
the adherence to corporate practices by YES BANK
Limited (hereinafter called the Bank) for the audit
SHULRGFRYHULQJWKHQDQFLDO\HDUHQGHGRQ0DUFK
2015. Secretarial Audit was conducted in a manner
that provided us a reasonable basis for evaluating
the corporate conducts / statutory compliances and
expressing our opinion thereon.
%DVHG RQ RXU YHULFDWLRQ RI WKH %DQNV ERRNV SDSHUV
PLQXWHERRNVIRUPVDQGUHWXUQVOHGDQGRWKHUUHFRUGV
maintained by the Bank and also the information
SURYLGHGE\WKH%DQNLWVRIFHUVDJHQWVDQGDXWKRUL]HG
representatives during the conduct of Secretarial
Audit; we hereby report that in our opinion, the Bank
has, during the audit period generally complied with
the statutory provisions listed hereunder and also that
the Bank has proper Board-processes and compliance
mechanism in place to the extent, in the manner and
subject to the reporting made hereinafter.
We have examined the books, papers, minute books,
IRUPV DQG UHWXUQV OHG DQG RWKHU UHFRUGV PDLQWDLQHG
E\WKH%DQNIRUWKHQDQFLDO\HDUHQGHGRQ0DUFK
2015 according to the provisions of:
(i)
The Companies Act, 2013 (the Act) and the Rules

made thereunder;
(ii) The Securities Contracts (Regulation) Act, 1956

(SCRA) and the Rules made thereunder;
(iii) The Depositories Act, 1996 and the Regulations
and Bye-laws frame thereunder;
(iv) Foreign Exchange Management Act, 1999 and
the Rules and Regulations made thereunder to
the extent of Foreign Direct Investment, Overseas
Direct Investment and External Commercial
Borrowings;
(v) The following Regulations and Guidelines
prescribed under the Securities and Exchange
Board of India Act, 1992 (SEBI Act) :
(a) The Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers)
Regulations, 2011;
(b) The Securities and Exchange Board of India
(Prohibition of Insider Trading) Regulations, 1992;
(c) The Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements)
Regulations, 2009;
(d) The Securities and Exchange Board of India
(Employee Stock Option Scheme and Employee
121
Statutory Reports
Stock Purchase Scheme) Guidelines, 1999; and

the Securities and Exchange Board of India (Share
%DVHG(PSOR\HH%HQHWV5HJXODWLRQV
changes in the composition of the Board of Directors

that took place during the period under review were
carried out in compliance with the provisions of the Act.
(e) The Securities and Exchange Board of India (Issue

and Listing of Debt Securities) Regulations, 2008;
Adequate notice is given to all Directors to schedule the

Board meetings, agenda and detailed notes on agenda
were sent at least seven days in advance, and a system
exists for seeking and obtaining further information and
FODULFDWLRQVRQWKHDJHQGDLWHPVEHIRUHWKHPHHWLQJ
and for meaningful participation at the meeting.
(f) The Securities and Exchange Board of India

(Registrars to an Issue and Share Transfer Agents)
Regulations, 1993 regarding the Companies Act
and dealing with client;
(vi) The Banking Regulation Act, 1949.
We have also examined compliance with the applicable
clauses of the Listing Agreements entered into by the
Bank with the Stock Exchanges.
During the period under review, the Bank has generally
complied with the provisions of the Act, Rules,
Regulations, Guidelines, Standards etc. mentioned
above.
During the period under review, provisions of the
following regulations were not applicable to the Bank:
Decisions at the meetings of the Board of Directors of

the Bank were carried through on the basis of majority.
There were no dissenting views by any member of the
Board of Directors during the period under review.
We further report that
There are adequate systems and processes in the Bank
commensurate with the size and operations of the Bank
to monitor and ensure compliance with applicable laws,
rules, regulations and guidelines.
We further report that during the audit period, the Bank
has:
(i)
(i)
The Securities and Exchange Board of India

(Delisting of Equity Shares) Regulations, 2009;
(ii) The Securities and Exchange Board of India

(Buyback of Securities) Regulations, 1998
issued 10,000 Green Infrastructure Bonds of

` 1,000,000/- each aggregating to ` 1,000 Crores
during the period under review.
(ii) issued 53,492,272 Equity Shares of ` 10/- each at a

price of ` 550/- per share aggregating to ` 2,942.07
&URUHVDVSODFHPHQWWRTXDOLHGLQVWLWXWLRQV
(iii) Secretarial Standards issued by The Institute of

Company Secretaries of India (since not approved
by the Central Government);
We further report that
The Board of Directors of the Bank is duly constituted
with proper balance of Executive Directors, NonExecutive Directors and Independent Directors. The
122
For BNP & Associates

Company Secretaries
Keyoor Bakshi
Place: Mumbai
Date: April 22, 2015
Partner
FCS 1844 / CP No. 2720
Directors Report
ANNEXURE 3
The ratio of the remuneration of each director to the median employees remuneration and other details in terms of
sub-section 12 of Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014:
Sr.
No.
Requirements
Disclosure
The ratio of the remuneration of each director to the median

UHPXQHUDWLRQRIWKHHPSOR\HHVIRUWKHQDQFLDO\HDU
II
The percentage increase in remuneration of each director, CFO,

&(2&6LQWKHQDQFLDO\HDU
MD & CEO
M. R. Srinivasan
Radha Singh
MD & CEO
CFO (GN1)
107.7x
3.1x
4.0x
29.7%
19.6%
CS
58.1%
Radha Singh
NA
M. R. Srinivasan
NA
For Ms. Radha Singh and Mr. M. R. Srinivasan, there
is no increase/increment applicable as their tenure
LV FRQWUDFWXDO ZLWK [HG UHPXQHUDWLRQ DV DSSURYHG
by RBI.
III
The percentage increase in the median remuneration of

HPSOR\HHVLQWKHQDQFLDO\HDU
The median remuneration of the employees in the

QDQFLDO\HDUZDVLQFUHDVHGE\7KHFDOFXODWLRQ
of % Increase in Median Remuneration is done based
on comparable employees. For this we have excluded
employees who were not eligible for any increment
IV
V
The number of permanent employees on the rolls of the Bank

The explanation on the relationship between average increase in
remuneration and Bank performance
There were 10,810 employees as on March 31, 2015

Factors considered while recommending increase in
WKH[HGFRPSHQVDWLRQ
(a)
(b)
(c)
Financial performance of the Bank

Comparison with peer Banks
Industry Benchmarking and consideration
WRZDUGVFRVWRIOLYLQJDGMXVWPHQWLQDWLRQ
(d) Regulatory guidelines as applicable

H $OOIRUPVRIFRPSHQVDWLRQ[HGYDULDEOH(623V
to be consistent with risk alignment
(f)
ESOP schemes, which are part of the Sum-ofParts Compensation on a mid to long term basis,
are prepared in accordance with SEBI and other
Regulatory guidelines which are approved by the
Nomination and Remuneration Committee, Board
of Directors and Shareholders.
Average increase in employee remuneration for the
FY 2014-15 is 14.5% (Computed based on Weighted
Average basis considering TCC + Approved Bonus.
The calculation of average increase in employee
remuneration is done based on comparable
employees. For this we have excluded employees who
were not eligible for any increment).
123
Statutory Reports
Sr.
No.
Requirements
Disclosure
As mentioned above the Bank follows holistic
performance review mechanism to ensure that the
increase is commensurate with the effort and it is
aligned with the performance of the Bank.
VI
Comparison of the remuneration of the Key Managerial Personnel

against the performance of the Bank
For the FY 2014-15, KMPs were paid approx 0.6% of

WKHQHWSURWIRUWKH\HDU
VII
Variations in the market capitalization of the Bank, price earnings

ratio as at the closing date of the current FY and previous FY and
percentage increase over decrease in the market quotations of the
shares of the Bank in comparison to the rate at which the Bank
came out with the last public offer
The Market capitalization of the Bank has increased

from ` 14,928.43 Crores as of March 31, 2014 to
` 34,076.82 Crores as of March 31, 2015. Over the
same period, the price to earnings ratio moved from
9.2x to 16.6x. The YES BANK Limited stock price as
at March 31, 2015 has increased by 1,712.78% to
` 815.75 over the last public offering, i.e. IPO in June
2005 at the price of ` 45 per share.
VIII
Average percentile increase already made in the salaries of Not Applicable to the Bank, as all the employees are
employees other than the managerial personnel in the last considered under Managerial role.
QDQFLDO\HDUDQGLWVFRPSDULVRQZLWKWKHSHUFHQWLOHLQFUHDVHLQ
WKHPDQDJHULDOUHPXQHUDWLRQDQGMXVWLFDWLRQWKHUHRIDQGSRLQW
out if there are any exceptional circumstances for increase in the
managerial remuneration;
IX
Comparison of the each remuneration of the Key Managerial

Personnel against the performance of the Bank
The key parameters for any variable component of remuneration

availed by the directors
The comparison of remuneration of each of the Key

Managerial personnel against the performance of the
Bank is as under :
Particulars
RI1HW3URWIRU)<
MD & CEO
0.23%
CFO
0.34%
CS
0.04%
The broad factors and guidelines considered for the
Performance Bonus are:
(a)
Annual Performance Review based on the

Key Result Areas (KRAs) / measurable Key
Performance Indicators (KPIs).
E )
LQDQFLDORXWFRPHVDQGSURWDELOLW\RIWKH%DQN
(c) Risk factors which shall be symmetrical with risk
outcomes as well as sensitive to the time horizon
of risk
G 9
DULDEOHSD\VKDOOQRWH[FHHGRI[HGSD\LQ
a year
124
(e)
Where variable pay is 50% or more, 40-60%

shall be deferred over a minimum period of
3 years
(f)
In the event of a negative contribution, deferred

compensation shall be subject to appropriate
malus/claw back arrangements as decided by the
Nomination and Remuneration Committee.
Directors Report
Sr.
No.
Requirements
Disclosure
(g)
Regulatory guidelines
Shareholders approval)
as
applicable. (RBI/
The Variable component of remuneration is considered

for MD&CEO.
XI
XII
The ratio of the remuneration of the highest paid director to that

of the employees who are not directors but receive remuneration
in excess of the highest paid director during the year
$IUPDWLRQWKDWWKHUHPXQHUDWLRQLVDVSHUWKHUHPXQHUDWLRQ
policy of the Bank
General Notes (GN)

(1)
Remuneration in case of MD & CEO is
regulated by RBI guidelines.
In case of the CFO, he is also responsible
for Financial Markets (FM); Indian Financial
Institutions (IFI); Loans Syndication (LS);
International Banking (IBD); Multinational
Corporations
Relationship
Management
(MNC); Transaction Banking Group (TBG -Trade
& CMS); Technology Solutions Group (TSG);
Digital Banking; Corporate Operations Service
Delivery (COSD) and Financial & Investor
Strategy (FIS). He is also part of the Bank since
LQFHSWLRQ DQG KDV FRQWULEXWHG VLJQLFDQWO\
There are 3 Top Management Executives who are not

directors but receive remuneration in excess of the
highest paid director during the year: (GN1)
Employee 1: Senior Group
President - FM & CFO
1.45x

President & Senior MD
1.38x

President
1.10x
<HVLWLVFRQUPHG
in the Banks overall growth. His overall

remuneration is arrived after considering
the wide scope of his responsibilities, his
contribution to Bank and market benchmarking.
Similarly, the remuneration of the other two
top management executives is also linked to
the market and is commensurate with their
diverse responsibilities and experience.
(2) The Remuneration for the purpose of this table
LV GHQHG DV7RWDO &RVW WR WKH &RPSDQ\ 7&&
Approved Bonus for all the employees except for
KMPs. KMPs remuneration is as per the Form 16
(on an annualized basis) excluding stock option
exercised since it does not form part of TCC.
125
Statutory Reports
ANNEXURE 4
([WUDFWRI$QQXDO5HWXUQDVRQWKHQDQFLDO\HDUHQGHGRQ0DUFK
I. Registration and Other Details

(i)
(ii)
(iii)
(iv)
(v)
CIN
Registration Date
Name of the Company
Category / Sub-Category of the Company
$GGUHVVRIWKH5HJLVWHUHGRIFHDQGFRQWDFWGHWDLOV
:
:
:
:
:
L65190MH2003PLC143249
21/11/2003
YES BANK Limited
Public Company
9th Floor, Nehru Centre, Discovery of India,
Dr A B Road, Worli, Mumbai - 400018
(vi)
(vii)
Whether listed company

Name, Address and Contact details of Registrar and Transfer
Agent, if any
:
:
Yes
Karvy Computershare Pvt. Ltd.
Karvy Selenium Tower B,
Plot 31-32, Gachibowli Financial District,
Nanakramguda, Hyderabad 500 032
Tel.: 040 6716 1559
Contact Persons: Ms. Shobha Anand /
Mr. U. S. Singh
II. Principal Business Activities of the Company

All the business activities contributing 10% or more of the total turnover of the Company shall be stated:Sl.
No.
Name and Description of main products / services
1
2
3
Banking Services
NIC Code of the

Product/ service
% to total turnover of the

Company
64191
100%
III. Particulars of Holding, Subsidiary and Associate Companies
126
Sl.
No.
Name and
Address of the Company
Yes Securities (India) Limited
CIN/GLN
Holding/
Subsidiary/
associate
% of shares
held
Applicable
Section
U74992MH2013PLC240971
Subsidiary
100%
2(87)
0
0
d) Banks / FI
e) Any Other...
Total shareholding of
Promoter/Promoters Group (A)
= (A)(1)+(A)(2)
92,142,450
c) Bodies Corp.
Sub-total (A)(2):
b) Other Individuals
Physical
a) NRIs Individuals
(2) Foreign
92,142,450
Sub-total (A)(1):
f) Any Other
37,017,450
d) Bodies Corp.
0
e) Banks / FI
c) State Govt.(s)
55,125,000
Demat
92,142,450
92,142,450
37,017,450
55,125,000
Total
25.55
25.55
10.26
15.29
% of Total
Shares
No. of Shares held at the beginning of the year (as on April 1,

2014 i.e. on the basis of SHP of March 31, 2014)
b) Central Govt.
a) Individual / HUF
(1) Indian
A. Promoters/Promoters Group
Category of
Shareholders
(i) Category-wise Share Holding
92,142,450
92,142,450
37,017,450
55,125,000
Demat
Physical
92,142,450
92,142,450
37,017,450
55,125,000
Total
22.06
22.06
8.86
13.20
% of Total
Shares
No. of Shares held at the end of the year (as on March 31,
IV. Share Holding Pattern (Equity Share Capital Breakup as percentage of Total Equity)
-3.49
-3.49
-1.40
-2.09
% Change
during the
year
Directors Report
127
128
0
136,985,389
L2WKHUV4XDOLHG
Foreign Investor)
h) Foreign Venture
Capital Funds
g) FIIs
51,509,003
e) Venture Capital Funds
f) Insurance Companies
Grand Total (A+B+C)
C. Shares held by Custodian for GDRs

& ADRs
Total Public Shareholding (B)=(B)

(1)+ (B)(2)
21,101
360,612,525
0
21,101
21,101
55,868,521
268,470,075
21,101
7,296,989
13,335,381
ii) Individual shareholders

holding nominal share
capital in excess of
` 1 Lakh
c) Others (Foreign National,

HUF, Clearing members,
NRIs, Trusts)
27,912,923
7,323,228
700
212,601,554
i) Individual shareholders
holding nominal share
capital upto ` 1 Lakh
b) Individuals
ii) Overseas
i) Indian
a) Bodies Corp.
Non-Institutions
Sub-total (B)(2):
(2)
0
0
0
0
c) Central Govt.
Physical
1,060,368
23,046,094
Demat
360,633,626
268,491,176
55,889,622
7,296,989
13,335,381
27,934,024
7,323,228
212,601,554
700
136,985,389
51,509,003
1,060,368
23,046,094
Total
100.00
74.45
15.50
2.02
3.70
7.75
2.03
58.95
37.98
14.28
0.29
6.39
% of Total
Shares
No. of Shares held at the beginning of the year (as on April 1,

d) State Govt.(s)
b) Banks / FI
Sub-total (B)(1):
Institutions
(1)
a) Mutual Funds
Public Shareholding
B.
Category of
Shareholders
417,714,477
325,572,027
51,065,454
4,582,825
12,305,851
23,241,054
10,935,724
274,506,573
188,203,096
50,709,841
560,535
35,033,101
Demat
21,621
21,621
21,621
21,621
Physical
417,736,098
325,593,648
51,087,075
4,582,825
12,305,851
23,262,675
10,935,724
274,506,573
188,203,096
50,709,841
560,535
35,033,101
Total
100.00
77.94
12.23
1.10
2.95
5.57
2.62
65.71
45.05
12.14
0.13
8.39
% of Total
Shares
No. of Shares held at the end of the year (as on March 31,
3.49
-3.27
-0.92
-0.75
-2.18
0.59
6.76
7.07
-2.14
-0.16
2.00
% Change
during the
year
Statutory Reports
Rana Kapoor (Promoter)

Yes Capital (India) Private Limited (Promoter Entity)
Morgan Credits Private Limited (Promoter Entity)
Madhu Kapur And Family#
MAGS Finvest Private Ltd #
1.
2.
3.
4.
5.
TOTAL
20,000,000
15,125,000
14,050,000
35,125,000
7,842,450
92,142,450
No. of
Shares
5.55
4.19
3.90
9.74
2.17
25.55
% of
total Shares
of the Bank
0
0
0
0.93
0.22
1.15
%of Shares
Pledged /
encumbered to
total shares
Shareholding at the beginning

of the year
(as on April 1, 2014 i.e. on the basis of SHP of
March 31, 2014)
20,000,000
15,125,000
14,050,000
35,125,000
7,842,450
92,142,450
No. of
Shares
No Change*
At the End of the year
% of total
shares of the Bank
No Change*
No Change
No. of shares
At the beginning of the year

Date wise Increase / Decrease in Promoters Share holding during
the year specifying the reasons for increase /decrease (e.g.
allotment /transfer / bonus/ sweat equity etc):
Shareholders Name
-0.76
-0.57
-0.54
-1.33
-0.29
-3.49
No. of shares
% of total shares of
the Bank
Cumulative Shareholding during the year
0
0
0
0.80
0
0.80
%
change in
share holding
during the
year
7KHVKDUHKROGLQJRI3URPRWHUV3URPRWHUV*URXSKDVQRWFKDQJHGLQDEVROXWHWHUPV7KHYDULDWLRQLQWHUPVRISHUFHQWDJHLVGXHWRLQFUHDVHLQSDLGXSVKDUHFDSLWDORIWKH%DQNRQ
DFFRXQWRIDOORWPHQWRIVKDUHVSXUVXDQWWRH[HUFLVHRIRSWLRQVXQGHUWKH(623VFKHPHVDQG4,3GXULQJWKH\HDUHQGHG0DUFK
Sl No.
Shareholding at the beginning of the year

(as on April 1, 2014 i.e. on the basis of SHP of
March 31, 2014)
(iii) Change in Promoters/Promoters Group Shareholding (please specify, if there is no change)
4.79
3.62
3.36
8.41
1.88
22.06
%of Shares
% of
Pledged /
total Shares
of the Bank encumbered
to total
shares
Share holding at the end of the year

(as on March 31, 2015 i.e. on the basis of
SHP of March 31, 2015)
The term encumbrance has the same meaning as assigned to it in regulation 28(3) of the SAST Regulations, 2011
VXEMHFWWRUHJXODWRU\FODULFDWLRQV
Shareholders Name
Sl No.
(ii) Shareholding of Promoters/Promoters Group
Directors Report
129
130
Morgan Stanley Asia (Singapore) Pte.

DB International (Asia) Ltd
Franklin Templeton Investment Funds
Goldman Sachs (Singapore) Pte.
Bajaj Allianz Life Insurance Company Ltd.
Swiss Finance Corporation (Mauritius) Limited
Credit Suisse (Singapore) Limited
Citigroup Global Markets Mauritius Private Limited
GMO Emerging Markets Fund
2.
3.
4.
5.
6.
7.
8.
9.
10.
90,279
5,197,484
6,975,286
838,030
10,295,645
351,940
2,225,163
621,780
0
30,942,096
No. of shares
0.03
1.44
1.93
0.23
2.85
0.10
0.62
0.17
0
8.58
% of total
shares of the
Bank
Rajat Monga (CFO)

Shivanand Shettigar (CS)
KMPs
Saurabh Srivastava*
Vasant V. Gujarathi*
Rana Kapoor
Directors
Name of Director and KMP
DSSRLQWHGZHI$SULO
1.
2.
1.
2.
3.
Sr. No.
(v) Shareholding of Directors and Key Managerial Personnel:
501,271
450
1,950
100
20,000,000
No. of shares
0.14
0.00
0.00
0.00
5.55
% of total
shares of the
Bank
Shareholding at the
beginning of the year
Note: Top ten shareholders of the Bank as on March 31, 2015 has been considered for the above disclosure.
Life Insurance Corporation of India alongwith its

various schemes
Name of Shareholder
1.
Sr. No.
Shareholding at the
beginning of the year
0
0
0
0
2,533,315
0
0
0
0
360300
Decrease
250,000
-
900
-
Increase
340
-
Decrease
Change in Shareholding
(No. of Shares)
11,514,940
5,691,773
3,306,367
7,782,894
0
6,831,171
4,286,929
5,162,988
4,255,449
Increase
Change in Shareholding
(No. of Shares)
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
751,271
450
1,610
1,000
20,000,000
No. of shares
0.18
0.00
0.00
0.00
4.79
% of total shares
of the Bank
2.78
2.61
2.46
2.06
1.86
1.72
1.56
1.38
1.02
7.32
% of total
shares of the
Bank
Shareholding at the
end of the year
11,605,219
10,889,257
10,281,653
8,620,924
7,762,330
7,183,111
6,512,092
5,784,768
4,255,449
30,581,796
No. of shares
Shareholding at the
end of the year
Statutory Reports
Interest due but not paid
Interest accrued but not due
ii)
iii)
Interest due but not paid
Interest accrued but not due
ii)
iii)
2,410
10
2,400
24,300
479
23,821
5,774
Deposits*
Value of perquisites u/s 17(2) Income-tax Act, 1961
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others, specify
DVRISURW
Commission
4.
Sweat Equity
Exercised during the year
Granted during the year
Stock Option
Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
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(a)
Gross salary
Particulars of Remuneration
3.
2.
1.
Sr. No.
Remuneration to Managing Director, Whole-time Directors and/or Manager:
46,965,063
1,902,096
0
0
0
0
WTD
8,252,139
36,810,828
Rana Kapoor (MD & CEO)
Name of MD/WTD/ Manager
Manager
In `
Refer Note
46,965,063
1,902,096
8,252,139
36,810,828
Total Amount
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MD&CEO is well within the said limit.
A.
VI. Remuneration of Directors and Key Managerial Personnel
26,710
489
26,221
5,048
420,323
425,371
21,662
348
21,314
` in Crores
Total
Indebtedness
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Total (i+ii+iii)
Principal Amount
i)
,QGHEWHGQHVVDWWKHHQGRIWKHQDQFLDO\HDU
(726)
99,294
321,029
Net Change
105,068
320,303
18,526
342
18,184
Reduction
3,136
3,130
Unsecured
Loans
Addition
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Principal Amount
i)
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Secured Loans
excluding deposits
Indebtedness of the Bank including interest outstanding/accrued but not due for payment
V. Indebtedness
Directors Report
131
132
Others, please
specify
Overall Ceiling as per

the Act
Total Managerial
Remuneration
986,667
986,667
1,050,000
1,679,677
1,679,677
Total (2)
Total (1+2)
240,000
286,667
Others, please
specify (Fixed
pay, pension,
LTA, Bonus and
medical)
Commission
700,000@
M. R. Srinivasan
920,000
1,050,000
1,050,000*
Ravish Chopra
759,677
Fee for attending

board / committee
meetings
Other Non-Executive
Directors
240,000
Total (1)
240,000
Diwan Arun
Nanda
Commission
Radha Singh
1,80,000
180,000
180,000
Ajay Vohra
Name of Directors
1,150,000
1,150,000
1,150,000
Lt. Gen. (Retd.)

Mukesh
Sabharwal
700,000
700,000
700,000**
Vasant
Gujarathi
670,000
670,000
670,000#
Brahm Dutt
310,000
310,000
310,000
Saurabh
Srivastava
In `
Refer Note
6,966,344
2,666,344
4,300,000
Total Amount
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Independent Directors
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Fee for attending

board / committee
meetings
Particulars of
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Remuneration to other directors:
Sr.
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B.
Statutory Reports
Section of the Companies Act
None
None
None
Details of Penalty /
Punishment/Compounding
fees imposed
0
2,067,794
76,726,683
1,414,850
0
(20,000)
73,244,039
Total Amount
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0
259,200
8,562,194
0
1,808,594
68,164,489
Authority [RD / NCLT/

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2,700
0
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8,300,294
CS
1,412,150
0
64,943,745
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C.
Directors Report
133
Statutory Reports
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Ms. Radha Singh was independent director of the Bank till October 29, 2014.
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Statutory Reports
6) IT Strategy Committee
Terms of Reference
The terms of reference of the Committee include
perform oversight functions over the IT Steering
Committee (at a senior management level); to
investigate activities within this scope; to seek
information from any employee; to obtain outside
legal or professional advice; to secure attendance
of outsiders with relevant expertise, if it considers
necessary; to work in partnership with other Board
committees and Senior Management to provide
input, review and amend the aligned corporate
and IT strategies; to approve IT strategy and policy
documents; to review that the management has
put an effective strategic planning process in
place; to ratify the IT strategy in alignment with
the business strategy; to provide guidance on
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the business model; to review whether the
management has implemented processes and
practices that ensure that the IT delivers value
to the business; to review that IT investments
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that budgets are acceptable; to monitor the
method that management uses to determine the
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and provide high-level direction for sourcing and
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proper balance of IT investments for sustaining
banks growth; to become aware about exposure
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architecture is to be designed, so as to derive
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promised value) and to perform any other function
or duty as stipulated by the Companies Act, Reserve
Bank of India, Securities and Exchange Board of
India, Stock Exchanges and any other regulatory
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Name of the Member
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Mr. Saurabh Srivastava, Chairman

Mr. Ravish Chopra
Mr. Vasant V. Gujarathi
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142
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417,736,098

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$VSHURXUUHSRUWRIHYHQGDWHDWWDFKHG
For S. R. BATLIBOI & CO. LLP
YES BANK Limited
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per Viren H. Mehta
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0HPEHUVKLS1R
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Rana Kapoor
',1
Radha Singh
1RQ([HFXWLYH&KDLUSHUVRQ
',1
M R Srinivasan
'LUHFWRU
',1
Mukesh Sabharwal
'LUHFWRU
',1
Rajat Monga
&KLHI)LQDQFLDO2IFHU
&RPSDQ\6HFUHWDU\
3URWDQG/RVV$FFRXQW
3URWDQG/RVV$FFRXQW
IRUWKH\HDUHQGHG0DUFK
(`LQWKRXVDQGV
April 1, 2014 to
March 31, 2015
April 1, 2013 to
March 31, 2014

136,184,616

117,029,295

16

TOTAL

116,131,002

100,851,493
TOTAL

52,128,176

39,561,476

52,128,176

39,561,476

Schedule
I.
Income
Interest earned
2WKHULQFRPH
TOTAL
II.
Expenditure
,QWHUHVWH[SHQGHG
2SHUDWLQJH[SHQVHV
Provisions and contingencies
III. 3URW
1HWSURWIRUWKHSHULRG
3URWEURXJKWIRUZDUG
IV. Appropriations
7UDQVIHUWR&DSLWDO5HVHUYH
7UDQVIHUWR6WDWXWRU\5HVHUYH
7UDQVIHUWR,QYHVWPHQW5HVHUYH
'LYLGHQGSDLGIRUODVW\HDU
7D[RQ'LYLGHQGSDLGIRUODVW\HDU
3URSRVHG'LYLGHQG
7D[LQFOXGLQJVXUFKDUJH HGXFDWLRQFHVVRQ'LYLGHQG
%DODQFHFDUULHGRYHUWREDODQFHVKHHW
TOTAL
6LJQLFDQW$FFRXQWLQJ3ROLFLHVDQG1RWHVWR$FFRXQWVIRUPLQJSDUW
RIQDQFLDOVWDWHPHQWV

(DUQLQJSHUVKDUH5HIHU6FK
%DVLF`
'LOXWHG`
)DFH9DOXHRI(TXLW\6KDUHLV`
YES BANK Limited
per Viren H. Mehta
Partner
0HPEHUVKLS1R
0XPEDL
$SULO
Rana Kapoor
',1
Radha Singh
',1
M R Srinivasan
'LUHFWRU
',1
Mukesh Sabharwal
'LUHFWRU
',1
Rajat Monga
&KLHI)LQDQFLDO2IFHU
&RPSDQ\6HFUHWDU\
161
&DVK)ORZ6WDWHPHQW
(`LQWKRXVDQGV
Year ended
March 31, 2015
Year ended
March 31, 2014
1HWSURWEHIRUHWD[HV
Adjustment for

'HSUHFLDWLRQIRUWKH\HDU
$PRUWL]DWLRQRISUHPLXPRQLQYHVWPHQWV
3URYLVLRQIRULQYHVWPHQWV
3URYLVLRQIRUVWDQGDUGDGYDQFHV
3URYLVLRQZULWHRIIRIQRQSHUIRUPLQJDGYDQFHV
2WKHUSURYLVLRQV
/RVVIURPVDOHRI[HGDVVHWV

33,795,429

27,956,857

(37,897,220)

(14,488,673)

24,838,455

44,489,354

(44,596,094)

(27,989,193)
Cash Flow from Operating Activities
Adjustments for :
,QFUHDVH'HFUHDVHLQ'HSRVLWV
,QFUHDVH'HFUHDVHLQ2WKHU/LDELOLWLHV
,QFUHDVH'HFUHDVHLQ,QYHVWPHQWV
,QFUHDVH'HFUHDVHLQ$GYDQFHV
,QFUHDVH'HFUHDVHLQ2WKHUDVVHWV
3D\PHQWRIGLUHFWWD[HV
Net cash generated from operating activities (A)

Cash Flow from Investing Activities
3XUFKDVHRI[HGDVVHWV
3URFHHGVIURPVDOHRI[HGDVVHWV
&KDQJHVLQ&DSLWDOZRUNLQSURJUHVV
,QYHVWPHQWLQ+70
Net cash generated from investing activities (B)

Cash Flow Statement
(`LQWKRXVDQGV
Year ended
March 31, 2015
Year ended
March 31, 2014
7LHU,,'HEWUDLVHG
,QFUHDVHLQ%RUURZLQJV
,QQRYDWLYH3HUSHWXDO'HEWUDLVHG
3URFHHGVIURPLVVXDQFHRI(TXLW\6KDUHV
6KDUH3UHPLXPUHFHLYHGWKHUHRQ
'LYLGHQGSDLGGXULQJWKH\HDU
7D[RQGLYLGHQG

1HWFDVKJHQHUDWHGIURPQDQFLQJDFWLYLWLHV&
Net increase in cash and cash equivalents (A+B+C)
Cash and cash equivalents as at April 1
Cash and cash equivalents as at March 31
1RWHVWRWKH&DVKRZVWDWHPHQW
75,739,645
16,654,878
58,916,638
75,571,516
1,758,880
18,259,041
40,657,597
58,916,638

75,571,516

58,916,638
Cash Flow from Financing Activities
&DVKDQGFDVKHTXLYDOHQWVLQFOXGHVWKHIROORZLQJ
&DVKDQG%DODQFHVZLWK5HVHUYH%DQNRI,QGLD
%DODQFHVZLWK%DQNVDQG0RQH\DW&DOODQG6KRUW1RWLFH

YES BANK Limited
per Viren H. Mehta
Partner
0HPEHUVKLS1R
0XPEDL
$SULO
Rana Kapoor
',1
Mukesh Sabharwal
'LUHFWRU
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Radha Singh
',1
M R Srinivasan
'LUHFWRU
',1
Rajat Monga
&KLHI)LQDQFLDO2IFHU
&RPSDQ\6HFUHWDU\

6FKHGXOHV
IRUPLQJSDUWRIWKH%DODQFH6KHHW
(`LQWKRXVDQGV
As at
March 31, 2015
As at
March 31, 2014

4,177,361
3,606,336

19,398,136

14,384,732

48,750,609

19,265,118

2,047,011

1,784,564

226,197
42,200,505
112,622,458
102,098
32,074,562
67,611,074

TOTAL

911,758,482

741,920,153
TOTAL

911,758,482

741,920,153
Schedule 1 - Capital
Authorized Capital
HTXLW\VKDUHVRI`HDFK
Issued, subscribed and paid-up capital

HTXLW\VKDUHVRI`HDFK
0DUFKHTXLW\VKDUHVRI`HDFK>5HIHU6FK@
TOTAL
Schedule 2 - Reserves and Surplus

I.
Statutory Reserves
2SHQLQJEDODQFH
Additions during the year
&ORVLQJEDODQFH
II.
Share Premium
2SHQLQJEDODQFH
$GGLWLRQVGXULQJWKHSHULRG>5HIHU6FK@
'HGXFWLRQVGXULQJWKH\HDU>5HIHU6FK@
&ORVLQJEDODQFH
III.
Capital Reserve
2SHQLQJEDODQFH
$GGLWLRQVGXULQJWKH\HDU>5HIHU6FK@
&ORVLQJEDODQFH
IV.
Investment Reserve
2SHQLQJEDODQFH
$GGLWLRQVGXULQJWKH\HDU>5HIHU6FK@
&ORVLQJEDODQFH
V.
%DODQFHLQ3UR LWDQG/RVV$FFRXQW
TOTAL
Schedule 3 - Deposits
A.
I.
Demand Deposits
L
LL
II.
III.
Savings Bank Deposit

Term Deposits
L
LL
B.

I.
II.
)URP%DQNV
)URP2WKHUV
)URPEDQNV
)URPRWKHUV
Deposits of branches in India

Deposits of branches outside India
6FKHGXOHV
(`LQWKRXVDQGV
As at
March 31, 2015
As at
March 31, 2014
TOTAL (A)

57,032,000

57,032,000
TOTAL (B)
TOTAL (A+B)

10,890,268
67,922,268

10,681,976
67,713,976
TOTAL (A+B)

106,135,000
88,146,745
194,281,745

93,184,417
52,244,469
145,428,886
TOTAL (I+II)
262,204,013
213,142,862
Bills payable
,QWHURIFHDGMXVWPHQWVQHW
Interest accrued
Others (including provisions)

&RXQWU\ULVNH[SRVXUHV
2WKHUV

70,941,784

63,877,474

52,406,527

45,415,683
Schedule 4 - Borrowings
I.
Innovative Perpetual Debt Instruments (IPDI) and Tier II Debt

A.
B.
II.
Borrowing in India
L
,3',
LL 8SSHU7LHU,,%RUURZLQJV
LLL /RZHU7LHU,,%RUURZLQJV
Borrowings outside India
L
,3',
Other Borrowings*
A.
Borrowings in India
L
5HVHUYH%DQNRI,QGLD
LL 2WKHUEDQNV
LLL 2WKHULQVWLWXWLRQVDQGDJHQFLHV
TOTAL (A)
B.
Borrowings outside India (B)
*Secured borrowings are ` 24,000,000 thousands (March 31, 2014 : ` 31,300,000 thousands).
,QFOXGLQJUHQDQFHERUURZLQJ
Schedule 5 - Other Liabilities and Provisions

I.
II.
III.
IV.
TOTAL
Schedule 6 - Cash and Balances With Reserve Bank of India

I.
II.
Cash in hand
Balances with Reserve Bank of India
- In current account
- In other account
TOTAL

6FKHGXOHV
IRUPLQJSDUWRIWKH%DODQFH6KHHW
(`LQWKRXVDQGV
As at
March 31, 2015
As at
March 31, 2014
Schedule 7 - Balances With Banks, Money at Call and Short Notice

I.
In India
Balances with banksL
in current accounts
LL in other deposit accounts
Money at call and short notice
L
ZLWK%DQNV
LL ZLWKRWKHULQVWLWXWLRQV
LLL OHQGLQJXQGHUUHYHUVHUHSR5%, %DQNV

9,708,456

1,475,267

13,456,533
23,164,989

12,025,688
13,500,955

TOTAL (I)
II.
Outside India
L
LL
LLL
in current account
in other deposit account
money at call and short notice

TOTAL (II)
TOTAL (I+II)
Schedule 8 - Investments (net of provisions)

A.
Investments in India in
L
*RYHUQPHQW6HFXULWLHV
LL 2WKHUDSSURYHGVHFXULWLHV
LLL 6KDUHV
LY 'HEHQWXUHVDQGERQGV
Y 6XEVLGLDULHVDQGRUMRLQWYHQWXUHV
YL 2WKHUV&3V&'V3DVVWKURXJKFHUWLFDWHVHWF
5HIHU1RWH
B.
TOTAL
Investments outside India

TOTAL

466,052,366
466,052,366

409,503,624
409,503,624

755,498,162

556,329,622

755,498,162

556,329,622
Schedule 9 - Advances
A.
L
LL
LLL
B.
L
LL
LLL
%LOOVSXUFKDVHGDQGGLVFRXQWHG
&DVKFUHGLWRYHUGUDIWVDQGORDQVSD\DEOHRQGHPDQG
Term loans
TOTAL
6HFXUHGE\WDQJLEOHDVVHWVLQFOXGHVDGYDQFHVVHFXUHGE\[HGGHSRVLWVDQG
ERRNGHEW
&RYHUHGE\%DQN*RYHUQPHQWJXDUDQWHHV
8QVHFXUHG1RWHDQG
TOTAL
,QFOXGHVDGYDQFHVRI`WKRXVDQGV0DUFK
`WKRXVDQGVIRUZKLFKVHFXULW\GRFXPHQWDWLRQLVHLWKHUEHLQJ
REWDLQHGRUEHLQJUHJLVWHUHG

7KHUHDUHQRRXWVWDQGLQJDGYDQFHVDVDW0DUFKDQG0DUFK
IRUZKLFKLQWDQJLEOHVHFXULWLHVVXFKDVFKDUJHRYHUWKHULJKWVOLFHQVHV
DXWKRULW\HWFRIKDVEHHQWDNHQ
166
6FKHGXOHV
(`LQWKRXVDQGV
C.
As at
March 31, 2015
As at
March 31, 2014

755,498,162
755,498,162

556,329,622
556,329,622
Advances in India
L
LL
LLL
LY
Priority sectors
3XEOLFVHFWRU
%DQNV
2WKHUV
TOTAL
Advances outside India

TOTAL
Schedule 10 - Fixed Assets

I.
II.
Premises
2WKHU)L[HG$VVHWVLQFOXGLQJIXUQLWXUHDQG[WXUHV
$WFRVWDVRQ0DUFKVWRISUHFHGLQJ\HDU
'HGXFWLRQVGXULQJWKH\HDU
Accumulated depreciation to date
TOTAL

2,934,007

3,189,678

2,732,942

2,934,694
TOTAL

61,392,376

62,473,321

3,372,992,517

2,010,168,222
&DSLWDOZRUNLQSURJUHVV
Schedule 11 - Other Assets

I.
II.
III.
,9
9
Interest Accrued
$GYDQFHWD[DQGWD[GHGXFWHGDWVRXUFHQHWRISURYLVLRQ
'HIHUUHGWD[DVVHW5HIHU6FK
1RQ%DQNLQJDVVHWVDTXLUHGLQVDWLVIDFWLRQRIFODLPV
2WKHUV
Schedule 12 - Contingent Liabilities

I.
II.
III.
,9
&ODLPVDJDLQVWWKHEDQNQRWDFNQRZOHGJHGDVGHEWV
/LDELOLW\IRUSDUWO\SDLGLQYHVWPHQWV
/LDELOLW\RQDFFRXQWRIRXWVWDQGLQJIRUZDUGH[FKDQJHFRQWUDFWV
/LDELOLW\RQDFFRXQWRIRXWVWDQGLQJGHULYDWLYHFRQWUDFWV
6LQJOHFXUUHQF\,QWHUHVW5DWH6ZDS
2WKHUV
9 *XDUDQWHHVJLYHQRQEHKDOIRQFRQVWLWXHQWV
- in India
2XWVLGH,QGLD
9, $FFHSWDQFHVHQGRUVHPHQWDQGRWKHUREOLJDWLRQV
9,, 2WKHULWHPVIRUZKLFKWKHEDQNLVFRQWLQJHQWO\OLDEOH
9DOXHGDWHGSXUFKDVHRIVHFXULWLHV
&DSLWDOFRPPLWPHQW
)RUHLJQH[FKDQJHFRQWUDFWV7RP 6SRW
TOTAL

6FKHGXOHV
IRUPLQJSDUWRI3URW /RVV$FFRXQW
(`LQWKRXVDQGV
April 1, 2014 to
March 31, 2015
April 1, 2013 to
March 31, 2014

115,720,065

99,813,521

-

-

20,464,551

17,215,774

80,841,693

72,650,918
TOTAL

22,847,060

17,498,719
TOTAL

12,442,249

10,701,856
Schedule 13 - Interest Earned

I.
II.
III.
,9
,QWHUHVWGLVFRXQWRQDGYDQFHVELOOV
Income on investments
,QWHUHVWRQEDODQFHVZLWK5HVHUYH%DQNRI,QGLDDQGRWKHULQWHUEDQNIXQGV
2WKHUV
TOTAL
Schedule 14 - Other Income

I.
II.
III.
,9
9
9,
&RPPLVVLRQH[FKDQJHDQGEURNHUDJH
3URWRQWKHVDOHRILQYHVWPHQWVQHW
3URW/RVVRQWKHUHYDOXDWLRQRILQYHVWPHQWVQHW
/RVVRQVDOHRIODQGEXLOGLQJDQGRWKHUDVVHWV
3URWRQH[FKDQJHWUDQVDFWLRQVQHW
,QFRPHHDUQHGE\ZD\RIGLYLGHQGVHWFIURPVXEVLGLDULHVFRPSDQLHVDQGRUMRLQW
YHQWXUHVDEURDGLQ,QGLD
9,, 0LVFHOODQHRXVLQFRPH
TOTAL
Schedule 15 - Interest Expended

I.
II.
III.
Interest on deposits
,QWHUHVWRQ5HVHUYH%DQNRI,QGLDLQWHUEDQNERUURZLQJV7LHU,DQG7LHU,,GHEWLQVWUXPHQWV
2WKHUV
TOTAL
Schedule 16 - Operating Expenses

I.
II.
III.
,9
9
9,
9,,
9,,,
IX.
X.
XI.
XII.
3D\PHQWVWRDQGSURYLVLRQVIRUHPSOR\HHV
5HQWWD[HVDQGOLJKWLQJ
Printing and stationery
$GYHUWLVHPHQWDQGSXEOLFLW\
'HSUHFLDWLRQRQ%DQN
VSURSHUW\
'LUHFWRUV
IHHVDOORZDQFHVDQGH[SHQVHV
$XGLWRUV
IHHVDQGH[SHQVHV
/DZFKDUJHV
3RVWDJHWHOHJUDPVWHOHSKRQHVHWF
Repairs and maintenance
Insurance
2WKHUH[SHQGLWXUH
Schedule 17 - Provisions & Contingencies

I.
II.
III.
,9
9

3URYLVLRQIRUWD[DWLRQ5HIHU6FK
3URYLVLRQZULWHRIIIRUQRQSHUIRUPLQJDGYDQFHV
2WKHU3URYLVLRQV
Schedules
6LJQLFDQWDFFRXQWLQJSROLFLHVDQGQRWHV
forming part of the accounts for the year
ended March 31, 2015
FRXOG GLIIHU IURP WKHVH HVWLPDWHV $Q\ UHYLVLRQ WR

accounting estimates is recognized prospectively in
FXUUHQWDQGIXWXUHSHULRGV
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7KH%DQNZDVLQFRUSRUDWHGDVDOLPLWHGFRPSDQ\
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18.1 Background
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As at
March 31, 2015
As at
March 31, 2014

118,755,657

161,513,030

1,034,022,218

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2,800,000
18.5.2 Investments
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(631,571)
526,389

(14,527)
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166,040,236
160,426,739
50,000
639,315
75,383,728
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185,213,519
176,723,044
2,502,840
685,713
84,253,873
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appropriate credit covenants are stipulated as
WULJJHUHYHQWVWRFDOOIRUFROODWHUDOVRUWHUPLQDWHD
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control purposes and records the same in the
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Policy has stipulated conditions to ensure that the
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derivatives.

Schedules
L
7KHGHWDLOVRIGHULYDWLYHWUDQVDFWLRQVDVDW0DUFKDQG0DUFKDUHJLYHQEHORZ
(`LQWKRXVDQGV
Currency derivatives 1
Sr.
No
i)
ii)
iii)
iv)
v)
Particular
Derivatives (Notional Principal Amount)

D)RUKHGJLQJ
E)RUWUDGLQJ
Marked to market positions2
D$VVHW
E/LDELOLW\
Credit exposure3
Likely impact of one percentage change in interest rate
(100*PV01) (Refer Note 1&2 below)
DRQKHGJLQJGHULYDWLYHV
ERQWUDGLQJGHULYDWLYHV
Maximum and minimum of 100*PV01 observed during the
year (Refer Note 1&2 below)
D

E

RQKHGJLQJ
0D[LPXP
0LQLPXP
RQWUDGLQJ
0D[LPXP
0LQLPXP
Interest rate derivatives 4
Year Ended
March 31,
2015
Year Ended
March 31,
2014
Year Ended
March 31,
2015
Year Ended
March 31,
2014

Currency derivatives includes options purchased and sold, cross currency interest rate swaps and currency futures.
Trading portfolio including accrued interest.
3
Mark to Market for credit exposure includes accrued interest.
4
Interest rate derivatives include Interest Rate Swaps, forward rate agreements and exchange traded interest rate derivatives.
2
Note:

'HQRWHVDEVROXWHYDOXHRIORVVZKLFKWKH%DQNFRXOGVXIIHURQDFFRXQWRIDFKDQJHLQLQWHUHVWUDWHVE\ZKLFKKRZHYHUGRHVQWFDSWXUHWKH

39 H[SRVXUHV UHSRUWHG DERYH PD\ QRW QHFHVVDULO\ LQGLFDWH WKH LQWHUHVW UDWH ULVN WKH EDQN LV H[SRVHG WR JLYHQ WKDW 39 H[SRVXUHV LQ

7KHQRWLRQDOSULQFLSDODPRXQWRIIRUHLJQH[FKDQJHFRQWUDFWVFODVVLHGDVWUDGLQJDW0DUFKDPRXQWHGWR`WKRXVDQGV
RIIVHWWLQJH[SRVXUHVEHWZHHQLQWHUHVWUDWHDQGFXUUHQF\GHULYDWLYHV
,QYHVWPHQWVZKLFKPD\RIIVHWWKH39UHHFWHGDERYHGRQRWIRUPSDUWRIWKHDERYHWDEOH
SUHYLRXV\HDU`WKRXVDQGV)RUWKHVHWUDGLQJFRQWUDFWVDW0DUFKPDUNHGWRPDUNHWSRVLWLRQZDVDVVHWRI`
WKRXVDQGV3UHYLRXV\HDU`WKRXVDQGVDQGOLDELOLW\RI`WKRXVDQGV3UHYLRXV<HDU`WKRXVDQGV7KHQRWLRQDO
SULQFLSDO DPRXQW RI IRUHLJQ H[FKDQJH FRQWUDFWV FODVVLHG DV KHGJLQJ DW 0DUFK DPRXQWHG WR ` WKRXVDQGV SUHYLRXV
\HDU`WKRXVDQGV&UHGLWH[SRVXUHRQIRUZDUGH[FKDQJHFRQWUDFWVDW0DUFKZDV`WKRXVDQGV3UHYLRXV<HDU
`WKRXVDQGV

Schedules
$VVHWTXDOLW\
1RQ3HUIRUPLQJ$GYDQFHV
7KHGHWDLOVRIPRYHPHQWRIJURVV13$VQHW13$VDQGSURYLVLRQVGXULQJWKH\HDUHQGHG0DUFKDQGWKH\HDU
HQGHG0DUFKDUHJLYHQEHORZ
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Sr. No Particulars
L
1HW13$WR1HW$GYDQFHV
LL
0RYHPHQWRI13$V*URVV
D2SHQLQJEDODQFH
E$GGLWLRQV)UHVK13$VGXULQJWKH\HDU
6XEWRWDO$
/HVV
L8SJUDGDWLRQV
LL5HFRYHULHV
LLL:ULWHRIIV
6XEWRWDO%
*URVV13$VFORVLQJEDODQFH$%
LLL
0RYHPHQWRI1HW13$V
D2SHQLQJ%DODQFH
E$GGLWLRQVGXULQJWKH\HDU
F5HGXFWLRQVGXULQJWKH\HDU
G&ORVLQJEDODQFH
LY
0RYHPHQWRISURYLVLRQVIRU13$V
H[FOXGLQJSURYLVLRQRQVWDQGDUGDVVHWV
D2SHQLQJEDODQFH
E$GGLWLRQVGXULQJWKH\HDU
FZULWHRIIZULWHEDFNRIH[FHVVSURYLVLRQ
G&ORVLQJEDODQFH
March 31, 2015

March 31, 2014

7KH%DQNGRHVQRWKDYHDQ\DGYDQFHVZKLFKDUHRXWVWDQGLQJLQWKHERRNVRIWKHEUDQFKHVEXWKDYHEHHQZULWWHQRII
IXOO\RUSDUWLDOO\DW+HDG2IFHOHYHO
1RQ3HUIRUPLQJ,QYHVWPHQWV
(`LQWKRXVDQGV
Particulars
2SHQLQJ%DODQFH
Reductions during the year
Closing Balance
Total Provision Held
March 31, 2015

165,393
March 31, 2014

135,393

Schedules
3URYLVLRQFRYHUDJH5DWLR
7KH SURYLVLRQ FRYHUDJH UDWLR RI WKH %DQN DV DW 0DUFK FRPSXWHG DV SHU WKH 5%, JXLGHOLQHV LV
SUHYLRXV\HDU
&RQFHQWUDWLRQRI13$V
([SRVXUH )XQGHG 1RQ )XQGHG RI WKH %DQN WR WRS IRXU 13$ LV ` WKRXVDQGV DV DW 0DUFK
(previous year `WKRXVDQGV
6HFWRUZLVH$GYDQFHVDQG13$
7KHGHWDLOVRI6HFWRUZLVH*URVV$GYDQFHVDQG*URVV13$VDVDW0DUFKDQG0DUFKDUHJLYHQEHORZ
(`LQWKRXVDQGV
As at March 31, 2015
% of Gross
NPAs to
Gross
Advances in
that sector
Gross
Advances
Gross NPAs

595,086
0.31%
145,773,536
219,754
0.15%

757,754,924

3,134,009

557,818,203

1,749,255
Gross
Advances
Gross NPAs

Sub-Total (A)
Non Priority Sector
Agriculture and Allied activities
Industry
2IZKLFK
(OHFWULFLW\JHQHUDWLRQ
WUDQVSRUWDWLRQDQGGLVWULEXWLRQ
189,768,221
6HUYLFHV
3HUVRQDO/RDQV
2WKHUV
Sub-Total (B)
Sector
Priority Sector
Agriculture and Allied activities
Industry
2IZKLFK*HPV -HZHOOHU\
6HUYLFHV
3HUVRQDO/RDQV
2WKHUV
Total (A+B)

% of Gross
NPAs to
Gross
Advances in
that sector

0.41%

0.31%
/RVV
1,217,905

'RXEWIXO
11

6XEVWDQGDUG
TOTAL

6WDQGDUG
Grand Total
/RVV
197,847

'RXEWIXO

6XEVWDQGDUG
TOTAL

6WDQGDUG
Others
/RVV
1,020,058

'RXEWIXO
TOTAL

6XEVWDQGDUG
CDR
680,156

152,930

527,226

3,624,900

3,512,340

112,560

869,146

701,984

167,162

No. of
Amount Provision
borrowers outstanding thereon
Amount Provision
No. of outstanding thereon as
borrowers as at March at March
31,2014
31,2014
6WDQGDUG
Fresh restructuring during the year

Provision
thereon

No. of
Amount
borrowers outstanding
Downgradations of restructured
accounts during the FY
(1)
(1)
(116,208)

(36,844)

(79,364)

No. of
Amount
(66,991)

(32,744)

(34,247)

Provision
thereon
Write-offs/Sale/Recovery of
restructured accounts during the FY
19

11

822,170

660,141

4,726,597 1,482,311

3,673,343

1,053,254

Amount Provision
31,2015
31,2015
Restructured Accounts
as on March 31 of the FY
(`LQWKRXVDQGV
Notes:1.
There are no SME cases which have been restructured during the year ended March 31, 2015.
2.
There have been no upgradations of restructured advances during the year ended March 31, 2015.
3.
The outstanding amount and number of borrowers as at March 31, 2015 is after considering recoveries and sale of assets during the year.
4.
The above table pertains to advances and does not include investment in shares of net book value of ` 544,255 thousands in the Amount Outstanding.
5.
The provision in the above table includes general loan loss provision and other provisions held on the restructured advances.
6.
Additional facilities availed by borrowers in existing restructured accounts are disclosed under Fresh restructuring during the year and partial repayments in existing restructured accounts
are disclosed under Write-offs/sale/recovery of restructured accounts, however, for the purpose of arithmetical accuracy the number of existing borrowers availing additional facility or
partial repayments have been ignored.
7.
For the purpose of arithmetical accuracy as required by Para 3.4.2. (xii) of RBI circular no DBOD.BP.BC.No.8/21.04.018/2014-15movement in provisions in the existing restructured account
as compared to opening balance is disclosed under column fresh restructuring(for increase in provision) and write-off/sale/recovery(for decrease in provision) during the year and are not
comparable with the additional facilities availed and partial recovery disclosed under the respective columns.
$VVHW&ODVVLFDWLRQ
No. Type of Restructuring
as on April 1 of the FY
RSHQLQJJXUHV
5HVWUXFWXUHG$FFRXQWV
7KHGHWDLOVRIDFFRXQWV5HVWUXFWXUHGGXULQJWKH\HDUHQGHG0DUFKDUHJLYHQEHORZ
Schedules

TOTAL
/RVV
18

'RXEWIXO
TOTAL

1,844,771

6WDQGDUG

213,766
6XEVWDQGDUG
Grand Total
674,798

123,693
661
661

'RXEWIXO
/RVV

6WDQGDUG
6XEVWDQGDUG
Others
551,105

Provision
thereon
11,867

11,867

262,084

29,898

232,186

Amount Provision
31,2014 31,2014
Amount Provision
31,2014 31,2014
(7)
(4)
(3)
(638,733)

(15,919)

(622,814)

No. of
Amount
(256,726)

(661)

(256,065)

Provision
thereon
Write-offs/Sale/Recovery of
restructured accounts during the FY
11

1,217,905

197,847

1,020,058

No. of
Amount
680,156

152,930

527,226

Provision
thereon
as on March 31 of the FY
Notes:1.
There are no SME cases which have been restructured during the year ended March 31, 2014.
2.
There have been no upgradations of restructured advances during the year ended March 31, 2014.
3.
The outstanding amount and number of borrowers as at March 31, 2014 is after considering recoveries and sale of assets during the year.
4.
The above table pertains to advances and does not include investment in shares of net book value of ` 627,161 thousands in the Amount Outstanding.
5.
The provision in the above table includes general loan loss provision and other provisions held on the restructured advances.
6.
Additional facilities availed by borrowers in existing restructured accounts are disclosed under Fresh restructuring during the year and partial repayments in existing restructured accounts are disclosed under Write-offs/sale/recovery of
restructured accounts, however, for the purpose of arithmetical accuracy the number of existing borrowers availing additional facility or partial repayments have been ignored.
7.
For the purpose of arithmetical accuracy as required by Para 3.4.2. (xii) of RBI circular no DBOD.BP.BC.No.7/21.04.018/2013-14 movement in provisions in the existing restructured account as compared to opening balance is disclosed
under column fresh restructuring(for increase in provision) and write-off/sale/recovery(for decrease in provision) during the year and are not comparable with the additional facilities availed and partial recovery disclosed under the
respective columns.
1,631,005
/RVV
11

'RXEWIXO
TOTAL

6XEVWDQGDUG

6WDQGDUG
CDR
No. of
Amount
Downgradations of restructured
accounts during the FY
Fresh restructuring during the year
(`LQWKRXVDQGV
Schedules
$VVHW&ODVVLFDWLRQ
No. Type of Restructuring
as on April 1 of the FY
RSHQLQJJXUHV
5HVWUXFWXUHG$FFRXQWV
7KHGHWDLOVRIDFFRXQWV5HVWUXFWXUHGGXULQJWKH\HDUHQGHG0DUFKDUHJLYHQEHORZ
Schedules
)LQDQFLDODVVHWVVROGWR6HFXULWL]DWLRQ5HFRQVWUXFWLRQ&RPSDQ\IRU$VVHW5HFRQVWUXFWLRQ
D 'HWDLOVRI)LQDQFLDODVVHWVVROGWR6HFXULWL]DWLRQ5HFRQVWUXFWLRQ&RPSDQ\IRUWKH\HDUHQGHG0DUFK
DUHDVIROORZV
(`LQWKRXVDQGV
Sr.
No
Particulars
L
LL
LLL
1RRIDFFRXQWV
$JJUHJDWHYDOXHQHWRISURYLVLRQVRIDFFRXQWVVROGWR6&5&
$JJUHJDWHFRQVLGHUDWLRQLQFOXGHV1HW%RRN9DOXHRI6HFXULW\5HFHLSWVRI
`WKRXVDQGVSUHYLRXV\HDU`WKRXVDQGV
LY
$GGLWLRQDOFRQVLGHUDWLRQUHDOL]HGLQUHVSHFWRIDFFRXQWVWUDQVIHUUHGLQ
earlier years
$JJUHJDWHJDLQORVVRYHUQHWERRNYDOXH
For the year ended

March 31, 2015
For the year ended

March 31, 2014
1

-

-

$VSHUWKHH[WDQW5%,JXLGHOLQHVWKH%DQNKDVQRWUHFRJQL]HGWKHJDLQVLQWKHQDQFLDOVWDWHPHQWVDQGKDVUHFRUGHGWKH6HFXULW\
Receipts at Net Book Value (NBV).
E 'HWDLOV RI ,QYHVWPHQWV KHOG DV 6HFXULW\ 5HFHLSWV UHFHLYHG E\ VDOH RI 13$ WR 6HFXULWL]DWLRQ5HFRQVWUXFWLRQ
&RPSDQ\IRUWKH\HDUHQGHG0DUFKDQG0DUFKDUHDVIROORZV
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Backed by NPAs sold by

the bank as underlying
Particulars
Backed by NPAs sold by

RWKHUEDQNVQDQFLDO
institutions/ non-banking
QDQFLDOFRPSDQLHVDV
underlying
Total
As at March
31, 2015
As at March
31, 2014
As at March
31, 2015
As at March
31, 2014
As at March
31, 2015
As at March
31, 2014

1HW%RRNYDOXHRILQYHVWPHQWVLQ
security receipts
1RQSHUIRUPLQJQDQFLDODVVHWVSXUFKDVHGVROGIURPWRRWKHUEDQN
7KH%DQNKDVQRWSXUFKDVHGVROGDQ\QRQSHUIRUPLQJQDQFLDODVVHWVIURPWREDQNGXULQJWKH\HDUHQGHG0DUFKDQG
0DUFK
3URYLVLRQVIRU6WDQGDUG$VVHWV
Provision on standard advances is `WKRXVDQGVDQG`WKRXVDQGVDVDW0DUFKDQG0DUFK
respectively.

Schedules
%XVLQHVVUDWLRV
Sr. No Business Ratios
L
,QWHUHVWLQFRPHDVDSHUFHQWDJHWRZRUNLQJIXQGV1
LL
LLL
1RQLQWHUHVWLQFRPHDVDSHUFHQWDJHWRZRUNLQJIXQGV1
2SHUDWLQJSURWDVDSHUFHQWDJHWRZRUNLQJIXQGV1
LY
Y
YL
Return on assets1
%XVLQHVVGHSRVLWVQHWDGYDQFHVSHUHPSOR\HH`
3URWSHUHPSOR\HH`
As at
March 31, 2015
As at
March 31, 2014

Working funds represents the average of total assets as reported in Return Form X to RBI under Section 27 of the Banking Regulation
Act, 1949.
2
For the purpose of computation of business per employee (deposits plus advances), interbank deposits have been excluded and
average employees have been considered.
$VVHW/LDELOLW\0DQDJHPHQW
,QFRPSLOLQJWKHLQIRUPDWLRQRIPDWXULW\SDWWHUQHVWLPDWHVDQGDVVXPSWLRQVKDYHEHHQPDGHE\WKHPDQDJHPHQW
DQGKDYHEHHQUHOLHGXSRQE\WKHDXGLWRUV)RU,QYHVWPHQW6HFXULWLHVWKH%DQNEXFNHWV+)7SRUWIROLRDQGUHODWHG
GHSUHFLDWLRQLQGD\VEXFNHWRUDFWXDOPDWXULW\ZKLFKHYHULVHDUOLHU
6SHFLHGDVVHWVDQGOLDELOLWLHVDVDW0DUFK
(`LQWKRXVDQGV
Maturity Buckets
1 day
GD\VWRGD\V
GD\VWRGD\V
GD\VWRGD\V
GD\VWRPRQWKV
2YHUWRPRQWKV
2YHUWRPRQWKV
2YHU\HDUWR\HDUV
2YHU\HDUVWR\HDUV
2YHU\HDUV
TOTAL

Loans &
Advances
Investment
Securities
Deposits
Borrowings

755,498,161

466,052,366

911,758,482

262,204,013
Schedules
6SHFLHGDVVHWVDQGOLDELOLWLHVDVDW0DUFK
(`LQWKRXVDQGV
Maturity Buckets
1 day
GD\VWRGD\V
GD\VWRGD\V
GD\VWRGD\V
GD\VWRPRQWKV
2YHUWRPRQWKV
2YHUWRPRQWKV
2YHU\HDUWR\HDUV
2YHU\HDUVWR\HDUV
2YHU\HDUV
TOTAL
Loans &
Advances
Investment
Securities
Deposits
Borrowings

556,329,622

409,503,624

741,920,153

213,142,862
)RUHLJQFXUUHQF\GHQRPLQDWHGDVVHWVDQGOLDELOLWLHVDVDW0DUFKDQGDVDW0DUFK
(`LQWKRXVDQGV
Maturity Buckets
1day
GD\VWRGD\V
GD\VWRGD\V
GD\VWRGD\V
GD\VWRPRQWKV
2YHUWRPRQWKV
2YHUWRPRQWKV
2YHU\HDUWR\HDUV
2YHU\HDUVWR\HDUV
2YHU\HDUV
TOTAL

Assets
Liabilities

48,846,497 131,915,943

Assets
Liabilities

31,372,513
70,414,884

Schedules
([SRVXUHV
7KH%DQNKDVOHQGLQJWRVHFWRUVZKLFKDUHVHQVLWLYHWRDVVHWSULFHXFWXDWLRQV6XFKVHFWRUVLQFOXGHFDSLWDOPDUNHWDQGUHDO
estate.
([SRVXUHWR5HDO(VWDWH6HFWRU
7KHH[SRVXUHUHSUHVHQWLQJWKHKLJKHURIIXQGHGDQGQRQIXQGHGOLPLWVVDQFWLRQHGRURXWVWDQGLQJWRUHDOHVWDWHVHFWRULVJLYHQ
LQWKHWDEOHEHORZ
(`LQWKRXVDQGV
Sr. No Particulars
i)
ii)
Direct exposure
5HVLGHQWLDO0RUWJDJHV
&RPPHUFLDO5HDO(VWDWH
2IWRWDO&RPPHUFLDOUHDOHVWDWHH[SRVXUHWRUHVLGHQWLDOUHDOHVWDWHSURMHFWV
RIWRWDO&RPPHUFLDO5HDO(VWDWHRXWVWDQGLQJDVDGYDQFHV
,QYHVWPHQWVLQ0RUWJDJH%DFNHG6HFXULWLHV0%6DQGRWKHUVHFXULWL]HG
H[SRVXUHV
- Residential
&RPPHUFLDO5HDO(VWDWH
Indirect exposure
)XQGEDVHGDQGQRQIXQGEDVHGH[SRVXUHVRQ1DWLRQDO+RXVLQJ%RDUGDQG
+RXVLQJ)LQDQFH&RPSDQLHV
TOTAL
As at
March 31, 2015
As at
March 31, 2014

-

-

128,468,496
96,443,544
&RPPHUFLDOUHDOHVWDWHH[SRVXUHFODVVLFDWLRQLVEDVHGRQ5%,FLUFXODU'%2'%3%&1RGDWHG6HSWHPEHU
([SRVXUHWR&DSLWDO0DUNHW
7KHH[SRVXUHUHSUHVHQWLQJWKHKLJKHURIIXQGHGDQGQRQIXQGHGOLPLWVVDQFWLRQHGRURXWVWDQGLQJWRFDSLWDOPDUNHWVHFWRULV
JLYHQLQWKHWDEOHEHORZ
(`LQWKRXVDQGV
Sr.
No
L
LL
LLL
LY

Particulars
GLUHFWLQYHVWPHQWLQHTXLW\VKDUHVFRQYHUWLEOHERQGVFRQYHUWLEOHGHEHQWXUHV
DQGXQLWVRIHTXLW\RULHQWHGPXWXDOIXQGVWKHFRUSXVRIZKLFKLVQRWH[FOXVLYHO\
LQYHVWHGLQFRUSRUDWHGHEW
DGYDQFHVDJDLQVWVKDUHVERQGVGHEHQWXUHVRURWKHUVHFXULWLHVRURQFOHDQ
EDVLVWRLQGLYLGXDOVIRULQYHVWPHQWLQVKDUHVLQFOXGLQJ,32V(623VFRQYHUWLEOH
ERQGVFRQYHUWLEOHGHEHQWXUHVDQGXQLWVRIHTXLW\RULHQWHGPXWXDOIXQGV
DGYDQFHVIRUDQ\RWKHUSXUSRVHVZKHUHVKDUHVRUFRQYHUWLEOHERQGVRU
FRQYHUWLEOHGHEHQWXUHVRUXQLWVRIHTXLW\RULHQWHGPXWXDOIXQGVDUHWDNHQDV
primary security;
DGYDQFHVIRUDQ\RWKHUSXUSRVHVWRWKHH[WHQWVHFXUHGE\WKHFROODWHUDOVHFXULW\
RIVKDUHVRUFRQYHUWLEOHERQGVRUFRQYHUWLEOHGHEHQWXUHVRUXQLWVRIHTXLW\
RULHQWHGPXWXDOIXQGVLHZKHUHWKHSULPDU\VHFXULW\RWKHUWKDQVKDUHV
FRQYHUWLEOHERQGVFRQYHUWLEOHGHEHQWXUHVXQLWVRIHTXLW\RULHQWHGPXWXDO
IXQGVGRHVQRWIXOO\FRYHUWKHDGYDQFHV
As at
March 31, 2015
As at
March 31, 2014

Schedules
(`LQWKRXVDQGV
Sr.
No
Particulars
As at
March 31, 2015
As at
March 31, 2014
VHFXUHGDQGXQVHFXUHGDGYDQFHVWRVWRFNEURNHUVDQGJXDUDQWHHVLVVXHGRQ
EHKDOIRIVWRFNEURNHUVDQGPDUNHWPDNHUV

YL
ORDQVVDQFWLRQHGWRFRUSRUDWHDJDLQVWWKHVHFXULW\RIVKDUHVERQGV
GHEHQWXUHVRURWKHUVHFXULWLHVRURQFOHDQEDVLVIRUPHHWLQJSURPRWHUV
FRQWULEXWLRQWRWKHHTXLW\RIQHZFRPSDQLHVLQDQWLFLSDWLRQRIUDLVLQJUHVRXUFHV

YLL
YLLL
EULGJHORDQVWRFRPSDQLHVDJDLQVWH[SHFWHGHTXLW\RZVLVVXHV
XQGHUZULWLQJFRPPLWPHQWVWDNHQXSE\WKHEDQNVLQUHVSHFWRISULPDU\LVVXH
RIVKDUHVRUFRQYHUWLEOHERQGVRUFRQYHUWLEOHGHEHQWXUHVRUXQLWVRIHTXLW\
RULHQWHGPXWXDOIXQGV

-
L[
[
QDQFLQJWRVWRFNEURNHUVIRUPDUJLQWUDGLQJ
DOOH[SRVXUHVWR9HQWXUH&DSLWDO)XQGVERWKUHJLVWHUHGDQGXQUHJLVWHUHG
Total Exposure to Capital Market

13,674,363

10,555,777
Capital market exposure is reported in line with Para 2.3 of RBIs Master Circular on Exposure Norms dated July 1, 2014 (DBOD.No.Dir.
BC.12/13.03.00/2014-15).
* Out of the above ` 2,000,000 thousands is exposure to YES Securities (India) Ltd, which is a subsidiary of the Bank.
5LVN&DWHJRU\ZLVH&RXQWU\([SRVXUH
$VSHUWKHH[WDQW5%,JXLGHOLQHVWKHFRXQWU\H[SRVXUHRIWKH%DQNLVFDWHJRUL]HGLQWRYDULRXVULVNFDWHJRULHVOLVWHG
LQ WKH IROORZLQJ WDEOH$V DW 0DUFK DQG 0DUFK WKH %DQNV IXQGHG H[SRVXUH WR DQ\ LQGLYLGXDO
FRXQWU\GLGQRWH[FHHGRIWKHWRWDOIXQGHGDVVHWVRIWKH%DQN
(`LQWKRXVDQGV
Risk Category
,QVLJQLFDQW
/RZ
0RGHUDWHO\/RZ
0RGHUDWH
0RGHUDWH+LJK
High
9HU\+LJK
TOTAL
Exposure (net)
as at
March 31, 2015
Provision held
as at
March 31, 2015
Exposure (net)
as at
March 31, 2014
Provision held
as at
March 31, 2014

54,983,003

46,645,605
'HWDLOVRI6LQJOH%RUURZHU/LPLW6%/DQG*URXS%RUURZHU/LPLW*%/

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JXLGHOLQHVRQVLQJOHERUURZHUDQGERUURZHUJURXSOLPLW$VSHUWKHH[SRVXUHOLPLWVSHUPLWWHGXQGHUWKHH[WDQW5%,
UHJXODWLRQWKH%DQNZLWKWKHDSSURYDORIWKH%RDUGRI'LUHFWRUVFDQHQKDQFHH[SRVXUHWRDVLQJOHERUURZHURU
ERUURZHUJURXSE\DIXUWKHUSHUFHQWRIFDSLWDOIXQGV
'XULQJWKH\HDUHQGHG0DUFKWKH%DQNKDVQRWH[FHHGHGUHJXODWRU\VLQJOHERUURZHURUJURXSERUURZHU
H[SRVXUHOLPLW

Schedules
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HQKDQFHPHQWLQVLQJOHERUURZHUOLPLWIRU6HVD6WHUOLWH/WGIURPRI&DSLWDO)XQGVWRRI&DSLWDO)XQGV$W
0DUFKWKHH[SRVXUHWR6HVD6WHUOLWH/WGDVDSHUFHQWDJHRIFDSLWDOIXQGVDVRI0DUFKZDV
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HQKDQFHPHQWLQJURXSERUURZHUOLPLWIRU7DWD*URXSIURPRI&DSLWDO)XQGVWRRI&DSLWDO)XQGV$W0DUFK
WKHH[SRVXUHWR7DWD*URXSDVDSHUFHQWDJHRIFDSLWDOIXQGVDVRI0DUFKZDV
18.6 Miscellaneous
18.6.1 Income Taxes
3URYLVLRQVPDGHIRU,QFRPH7D[GXULQJWKH\HDU
(`LQWKRXVDQGV
&XUUHQWLQFRPHWD[H[SHQVH
'HIHUUHGLQFRPHWD[EHQHW
TOTAL
18.6.2 Disclosure of penalties imposed by RBI

$V SHU WKH SURYLVLRQ RI 5%, 0DVWHU &LUFXODU '&0 &&
1R * 6FKHPH RI ,QFHQWLYH DQG
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WKH 5%, JXLGHOLQHV SHUWDLQLQJ WR GLVFLSOLQH LQ FXUUHQW
DFFRXQWRSHQLQJDQGTXDUWHUO\H[FKDQJHRILQIRUPDWLRQ
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5%,KDVOHYLHGSHQDOW\RI`WKRXVDQGLQ-XO\
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WKH%DQNLQJ5HJXODWLRQ$FWIRUQRQFRPSOLDQFHRI
WKH5%,LQVWUXFWLRQRQ.QRZ<RXU&XVWRPHU$QWL0RQH\
/DXQGHULQJ )XUWKHU LQ WHUPV RI 5%, FLUFXODU UHIHUHQFH
QR ,'0''2' % GDWHG -XO\
5%, KDV OHYLHG SHQDOW\ RI ` WKRXVDQG RQ
-DQXDU\ RQ DFFRXQW RI LQVWDQFH RI 6XEVLGLDU\
*HQHUDO/HGJHU6*/ERXQFHGXHWRLQVXIFLHQWEDODQFH
LQWKH6*/DFFRXQW

For the year ended

March 31, 2015
For the year ended

March 31, 2014

9,047,465

7,085,015
18.6.3 Fees/ Remuneration received from

bancassurance
%DQN KDV HDUQHG ` WKRXVDQGV IURP
EDQFDVVXUDQFH EXVLQHVV GXULQJ \HDU HQGHG 0DUFK
SUHYLRXV\HDU`WKRXVDQGV
18.6.4 Concentration of Deposits
$VDW0DUFKWKHGHSRVLWVRIWRSGHSRVLWRUV
aggregated to `WKRXVDQGVSUHYLRXV\HDU
` WKRXVDQGV H[FOXGLQJ FHUWLFDWH RI
GHSRVLWVZKLFKDUHWUDGDEOHLQVWUXPHQWVUHSUHVHQWLQJ
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EDVH
18.6.5 Concentration of Advances
$VDW0DUFKWKHWRSDGYDQFHVDJJUHJDWHGWR
`WKRXVDQGVSUHYLRXV\HDU`
WKRXVDQGV UHSUHVHQWLQJ SUHYLRXV \HDU
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5%, 0DVWHU &LUFXODU RQ ([SRVXUH 1RUPV '%2'1R'LU
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18.6.6 Concentration of Exposures
$VDW0DUFKWKHWRSH[SRVXUHVDJJUHJDWHGWR
`WKRXVDQGVSUHYLRXV\HDU`
Schedules
WKRXVDQGV UHSUHVHQWLQJ SUHYLRXV \HDU

RIWKHWRWDOH[SRVXUHV([SRVXUHLVFRPSXWHG
DVSHUGHQLWLRQRI&UHGLWDQG,QYHVWPHQW([SRVXUHLQ
5%, 0DVWHU &LUFXODU RQ ([SRVXUH 1RUPV '%2'1R'LU
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18.6.7 Overseas Assets, NPAs and Revenue
)RUWKH\HDUHQGHG0DUFKDQG0DUFK
WKH %DQN KDV QRW HDUQHG DQ\ UHYHQXH IURP RYHUVHDV

EUDQFKHV 7KH %DQN GRHV QRW KDYH DQ\ DVVHWV RU 13$
IURPRYHUVHDVEUDQFKHVDVDW0DUFKDQG0DUFK

18.6.8 Sponsored SPVs
7KH%DQNKDVQRWVSRQVRUHGDQ\639DQGKHQFHWKHUHLV
QRFRQVROLGDWLRQGXHWR639VLQ%DQNVERRNV
6WDIIUHWLUHPHQWEHQHWV
7KH IROORZLQJ WDEOH VHWV RXW WKH IXQGHG VWDWXV RI WKH *UDWXLW\ 3ODQ DQG WKH DPRXQWV UHFRJQL]HG LQ WKH %DQNV
QDQFLDOVWDWHPHQWVDVRI0DUFKDQG0DUFK
Changes in present value of Obligations
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For the year ended
March 31, 2015
For the year ended

March 31, 2014
3UHVHQW9DOXHRI2EOLJDWLRQDWWKHEHJLQQLQJRIWKH\HDU
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3UHVHQW9DOXHRI2EOLJDWLRQDWWKHHQGRIWKH\HDU

For the year ended

March 31, 2015
For the year ended

March 31, 2014

Changes in the fair value of planned assets:

(`LQWKRXVDQGV
)DLUYDOXHRISODQDVVHWVDWWKHEHJLQQLQJRIWKH\HDU
$GMXVWPHQWWR2SHQLQJ%DODQFH
([SHFWHGUHWXUQRQSODQDVVHWV
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%HQHWVSDLG
$FWXDULDOJDLQORVVRQSODQQHGDVVHWV
)DLUYDOXHRISODQQHGDVVHWVDWWKHHQGRIWKHSHULRG
7KH%DQNKDVHQWLUHFRQWULEXWLRQRI*UDWXLW\)XQGDV,QYHVWPHQWVZLWK,QVXUDQFH&RPSDQLHV
7KHRYHUDOOH[SHFWHGUDWHRIUHWXUQRQDVVHWVLVGHWHUPLQHGEDVHGRQWKHPDUNHWSULFHVSUHYDLOLQJRQWKDWGDWH
DSSOLFDEOHWRWKHSHULRGRYHUZKLFKWKHREOLJDWLRQLVWREHVHWWOHG

Schedules
1HWJUDWXLW\FRVWIRUWKH\HDUHQGHG0DUFKDQG0DUFKFRPSULVHVWKHIROORZLQJFRPSRQHQWV
(`LQWKRXVDQGV
&XUUHQW6HUYLFH&RVW
,QWHUHVW&RVW
([SHFWHG5HWXUQRQSODQDVVHWV
1HW$FWXDULDOJDLQUHFRJQL]HGLQWKH\HDU
3DVW6HUYLFH&RVW
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For the year ended

March 31, 2015
For the year ended

March 31, 2014

Experience History:
(`LQWKRXVDQGV
For the year ended For the year ended For the year ended
March 31, 2015
March 31, 2014
March 31, 2013
*DLQ/RVVRQREOLJDWLRQGXHWRFKDQJHLQDVVXPSWLRQ
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The assumptions used in accounting for the gratuity plan are set out below:
For the year ended For the year ended
March 31, 2015
March 31, 2014
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([SHFWHG5HWXUQRQ3ODQ$VVHWV
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Attrition
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Position of plan asset / liability
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March 31, 2015
March 31, 2014
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Schedules
18.7.2 Segment Results

3XUVXDQWWRWKHJXLGHOLQHVLVVXHGE\5%,RQ$66HJPHQW5HSRUWLQJ(QKDQFHPHQWRI'LVFORVXUHVGDWHG$SULO
HIIHFWLYHIURPSHULRGHQGLQJ0DUFKWKHIROORZLQJEXVLQHVVVHJPHQWVKDYHEHHQUHSRUWHG
Treasury:,QFOXGHVLQYHVWPHQWVDOOQDQFLDOPDUNHWVDFWLYLWLHVXQGHUWDNHQRQEHKDOIRIWKH%DQNVFXVWRPHUV
SURSULHWDU\ WUDGLQJ PDLQWHQDQFH RI UHVHUYH UHTXLUHPHQWV DQG UHVRXUFH PRELOL]DWLRQ IURP RWKHU EDQNV DQG
QDQFLDOLQVWLWXWLRQV
Corporate / Wholesale Banking: ,QFOXGHV OHQGLQJ GHSRVLW WDNLQJ DQG RWKHU VHUYLFHV RIIHUHG WR FRUSRUDWH
customers.
Retail Banking:,QFOXGHVOHQGLQJGHSRVLWWDNLQJDQGRWKHUVHUYLFHVRIIHUHGWRUHWDLOFXVWRPHUV
Other Banking Operations: ,QFOXGHV SDUD EDQNLQJ DFWLYLWLHV OLNH WKLUG SDUW\ SURGXFW GLVWULEXWLRQ PHUFKDQW
EDQNLQJHWF
6HJPHQWDOUHVXOWVIRUWKH\HDUHQGHG0DUFKDUHVHWRXWEHORZ
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Business Segments
6HJPHQW5HYHQXH
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5HYHQXHQHWRILQWHUVHJPHQW
Result
8QDOORFDWHG([SHQVHV
2SHUDWLQJ3URW
,QFRPH7D[HV
([WUDRUGLQDU\3URW/RVV
1HW3URW
Other Information:
6HJPHQWDVVHWV
Unallocated assets
Total assets
6HJPHQWOLDELOLWLHV
8QDOORFDWHGOLDELOLWLHV
Total liabilities
Treasury
Corporate /
Retail Banking
Wholesale Banking
Other Banking
Operations

Total

20,053,614

1,361,704,098

1,361,704,098

Schedules
6HJPHQWDOUHVXOWVIRUWKH\HDUHQGHG0DUFKDUHVHWRXWEHORZ
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6HJPHQW5HYHQXH
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Result
8QDOORFDWHG([SHQVHV
2SHUDWLQJ3URW
,QFRPH7D[HV
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Other Information:
6HJPHQWDVVHWV
Unallocated assets
Total assets
6HJPHQWOLDELOLWLHV
8QDOORFDWHGOLDELOLWLHV
Total liabilities
Corporate /
Treasury
Wholesale Banking

Other Banking
Operations

Retail Banking

Total

1,090,157,899

1,090,157,899
Notes for segment reporting:

1.
The business of the Bank is concentrated in India. Accordingly, geographical segment results have not been reported.
2.
In computing the above information, certain estimates and assumptions have been made by the Management and have been relied
upon by the auditors.
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DV\VWHPDWLFEDVLVRUFODVVLHGDVXQDOORFDWHG
) L[HGDVVHWVDQGUHODWHGGHSUHFLDWLRQRQ[HGDVVHWVQRQWUHDVXU\UHODWHGEDQNEDODQFHVDWEUDQFKHV%LOOVSD\DEOH7D[UHODWHG
accounts, Tier II instruments, IPDI instruments and relevant interest and rent expenses which cannot be allocated to any segments
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,QWHUVHJPHQWWUDQVDFWLRQVKDYHEHHQJHQHUDOO\EDVHGRQWUDQVIHUSULFLQJPHDVXUHVDVGHWHUPLQHGE\WKH0DQDJHPHQW

18.7.3 Related Party Disclosures

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UHODWLYHRINH\PDQDJHPHQWSHUVRQQHO
$VSHU$65HODWHG3DUW\'LVFORVXUHVSUHVFULEHGE\QRWLHGXQGHUVHFWLRQRIWKH&RPSDQLHV$FWUHDG
WRJHWKHUZLWKSDUDJUDSKRIWKH&RPSDQLHV$FFRXQWV5XOHVWKH%DQNVUHODWHGSDUWLHVIRUWKH\HDUHQGHG
0DUFKDUHGLVFORVHGEHORZ
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,QGLYLGXDOVKDYLQJVLJQLFDQWLQXHQFH
0U5DQD.DSRRU0DQDJLQJ'LUHFWRU &(2
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Schedules
7KHIROORZLQJUHSUHVHQWVWKHVLJQLFDQWWUDQVDFWLRQVEHWZHHQWKH%DQNDQGVXFKUHODWHGSDUWLHVLQFOXGLQJUHODWLYHVRIDERYH
PHQWLRQHG.03GXULQJWKH\HDUHQGHG0DUFK
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services
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Subsidiaries

Whole time
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directors /
Maximum
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the year
VLJQLFDQW
the year
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#
#

#
#
Relatives of whole
time directors
Maximum
/ individual Balance during
KDYLQJVLJQLFDQW
the year
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-

-
* Represents outstanding as of March 31, 2015

# In FY 2014-15 there was only one related party in the said category, hence the Bank has not disclosed the details of transactions in
accordance with circular issued by the RBI on March 29, 2003 Guidance on compliance with the accounting standards by banks.
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6XEVLGLDU\
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PHQWLRQHG.03GXULQJWKH\HDUHQGHG0DUFK
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Subsidiaries
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the year
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#
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/ individual
the year
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#
#

-

* Represents outstanding as of March 31, 2014

# In FY 2013-14 there was only one related party in the said category, hence the Bank has not disclosed the details of transactions in
accordance with circular issued by the RBI on March 29, 2003 Guidance on compliance with the accounting standards by banks.

Schedules
18.7.4 Operating Leases

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WKRXVDQGV3UHYLRXV\HDU`WKRXVDQGV
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Lease obligations
1RWODWHUWKDQRQH\HDU
/DWHUWKDQRQH\HDUDQGQRWODWHUWKDQYH\HDUV
/DWHUWKDQYH\HDUV
TOTAL
As at
March 31, 2015
As at
March 31, 2014

14,124,517

12,766,006
7KH%DQNGRHVQRWKDYHDQ\SURYLVLRQVUHODWLQJWRFRQWLQJHQWUHQW
7KHWHUPVRIUHQHZDOSXUFKDVHRSWLRQVDQGHVFDODWLRQFODXVHVDUHWKRVHQRUPDOO\SUHYDOHQWLQVLPLODUDJUHHPHQWV
There are no undue restrictions or onerous clauses in the agreements.
18.7.5 Earnings Per Share (EPS)
7KH%DQNUHSRUWVEDVLFDQGGLOXWHGHDUQLQJVSHUHTXLW\VKDUHLQDFFRUGDQFHZLWK$6(DUQLQJV3HU6KDUH7KH
GLOXWLYHLPSDFWLVPDLQO\GXHWRVWRFNRSWLRQVJUDQWHGWRHPSOR\HHVE\WKH%DQN
7KHFRPSXWDWLRQRIHDUQLQJVSHUVKDUHLVJLYHQEHORZ
Particulars
Basic (annualized)
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For the year ended

March 31, 2015
For the year ended

March 31, 2014

Schedules
18.7.6 ESOP disclosures

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Schedules
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Particulars
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For the year ended

March 31, 2015
For the year ended

March 31, 2014

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As at
March 31, 2015
As at
March 31, 2014

3,554,425

2,493,325
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For the year ended

March 31, 2015
For the year ended

March 31, 2014

12,442,249

10,701,856
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Note:
1. Amounts disclosed represents variable pay paid during the year ended March 31, 2015 and March 31, 2014 is for services
rendered by the risk takers during the year March 31, 2014 and March 31, 2013 respectively, since the bonus pool for the
year ended March 31, 2015 has not yet been allocated and accordingly, the deferred component for the risk takers is yet to be
determined.
2. Compensation for MD & CEO is as approved by the RBI and paid by the Bank to the MD & CEO. Compensation for other risk takers
is as approved by the Bank.
3. For the Financial Year ended March 31, 2015, 400,000 esops were issued to 3 risk takers (previous year 550,000 esops to 3 risktakers)

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Total Weighted
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90,213,285

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March 31, 2015

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363,874
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18.8.13 Description of contingent liabilities

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As at
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As at
March 31, 2014

1,361,429,742

1,090,047,684

7

1,361,429,742

1,090,047,684

Schedule
Capital and Liabilities

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Reserves and surplus
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TOTAL
Assets
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TOTAL
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April 1, 2014 to
March 31, 2015
April 1, 2013 to
March 31, 2014

136,199,192

117,029,321

TOTAL

116,224,965

100,916,734
TOTAL

51,983,576

39,496,261

51,983,576

39,496,261

Schedule
I.
Income
Interest earned
Other income
TOTAL
II.
Expenditure
Interest expended
Operating expenses
Provisions and contingencies
III. 3URW
1HWSURWIRUWKHSHULRG
3URWEURXJKWIRUZDUG
IV. Appropriations
7UDQVIHUWR&DSLWDO5HVHUYH
7UDQVIHUWR6WDWXWRU\5HVHUYH
7UDQVIHUWR,QYHVWPHQW5HVHUYH
'LYLGHQGSDLGIRUODVW\HDU
7D[RQ'LYLGHQGSDLGIRUODVW\HDU
3URSRVHG'LYLGHQG
7D[LQFOXGLQJVXUFKDUJH HGXFDWLRQFHVVRQ'LYLGHQG
%DODQFHFDUULHGRYHUWREDODQFHVKHHW
TOTAL
6LJQLFDQW$FFRXQWLQJ3ROLFLHVDQG1RWHVWR$FFRXQWVIRUPLQJSDUW
RIQDQFLDOVWDWHPHQWV

(DUQLQJSHUVKDUH5HIHU6FK
%DVLF`
'LOXWHG`
)DFH9DOXHRI(TXLW\6KDUHLV`
YES BANK Limited
per Viren H. Mehta
Partner
0HPEHUVKLS1R
0XPEDL
$SULO
Rana Kapoor
',1
Radha Singh
',1
M R Srinivasan
'LUHFWRU
',1
Mukesh Sabharwal
'LUHFWRU
',1
Rajat Monga
&KLHI)LQDQFLDO2IFHU
&RPSDQ\6HFUHWDU\

&RQVROLGDWHG&DVK)ORZ6WDWHPHQW
`LQWKRXVDQGV
Year ended
March 31, 2015
Year ended
March 31, 2014
1HWSURWEHIRUHWD[HV
Adjustment for

'HSUHFLDWLRQIRUWKH\HDU
$PRUWL]DWLRQRISUHPLXPRQLQYHVWPHQWV
3URYLVLRQZULWHRIIRIQRQSHUIRUPLQJDGYDQFHV
Other provisions
/RVVIURPVDOHRI[HGDVVHWV

33,729,403

27,896,036

(37,998,574)

(14,656,057)

24,764,943

44,355,021

(44,426,399)

(27,854,708)
Cash Flow from Operating Activities
Adjustments for :
,QFUHDVH'HFUHDVHLQ'HSRVLWV
,QFUHDVH'HFUHDVHLQ2WKHU/LDELOLWLHV
,QFUHDVH'HFUHDVHLQ,QYHVWPHQWV
,QFUHDVH'HFUHDVHLQ$GYDQFHV
,QFUHDVH'HFUHDVHLQ2WKHUDVVHWV
3D\PHQWRIGLUHFWWD[HV
Net cash generated from operating activities (A)
Cash Flow from investing activities

3XUFKDVHRI[HGDVVHWV
3URFHHGVIURPVDOHRI[HGDVVHWV
&KDQJHVLQ&DSLWDOZRUNLQSURJUHVV
,QYHVWPHQWLQ+70
Net cash generated from investing activities (B)

Cash Flow Statement
`LQWKRXVDQGV
Year ended
March 31, 2015
Year ended
March 31, 2014
,QFUHDVHLQ%RUURZLQJV
,QQRYDWLYH3HUSHWXDO'HEWUDLVHG
3URFHHGVIURPLVVXDQFHRI(TXLW\6KDUHV
6KDUH3UHPLXPUHFHLYHGWKHUHRQ
'LYLGHQGSDLGGXULQJWKH\HDU
Tax on dividend

1HWFDVKJHQHUDWHGIURPQDQFLQJDFWLYLWLHV&
Net increase in cash and cash equivalents (A+B+C)
Cash and cash equivalents as at April 1
1RWHVWRWKH&DVKRZVWDWHPHQW
75,739,645
16,657,189

1,758,880
18,259,193

75,573,979

58,916,790
&DVK)ORZIURPQDQFLQJDFWLYLWLHV
&DVKDQGFDVKHTXLYDOHQWVLQFOXGHVWKHIROORZLQJ
&DVKDQG%DODQFHVZLWK5HVHUYH%DQNRI,QGLD
%DODQFHVZLWK%DQNVDQG0RQH\DW&DOODQG6KRUW1RWLFH

YES BANK Limited
per Viren H. Mehta
Partner
0HPEHUVKLS1R
0XPEDL
$SULO
Rana Kapoor
',1
Radha Singh
',1
M R Srinivasan
'LUHFWRU
',1
Mukesh Sabharwal
'LUHFWRU
',1
Rajat Monga
&KLHI)LQDQFLDO2IFHU
&RPSDQ\6HFUHWDU\

6FKHGXOHV
IRUPLQJDSDUWRI&RQVROLGDWHG%DODQFH6KHHW
`LQWKRXVDQGV
As at
March 31, 2015
As at
March 31, 2014

4,177,361
3,606,336

19,398,136

14,384,732

48,750,609

19,265,118

2,047,011

1,784,564

226,197
42,055,905
112,477,858

102,098
32,009,349
67,545,861

TOTAL

911,587,769

741,856,256
TOTAL

911,587,769

741,856,256
Schedule 1 - Capital
Authorized Capital
HTXLW\VKDUHVRI`HDFK
Issued, subscribed and paid-up capital

HTXLW\VKDUHVRI`HDFK
0DUFKHTXLW\VKDUHVRI`HDFK
>5HIHU6FK@
TOTAL
Schedule 2 - Reserves and Surplus

I.
Statutory Reserves
Opening balance
&ORVLQJEDODQFH
II.
Share Premium
Opening balance
$GGLWLRQVGXULQJWKHSHULRG>5HIHU6FK@
'HGXFWLRQVGXULQJWKH\HDU>5HIHU6FK@
&ORVLQJEDODQFH
III.
Capital Reserve
Opening balance
&ORVLQJEDODQFH
IV.
Investment Reserve
Opening balance
&ORVLQJEDODQFH
V.
%DODQFHLQ3UR LWDQG/RVV$FFRXQW
TOTAL
Schedule 3 - Deposits
A.
I.
Demand Deposits
L
LL
II.
III.
Savings Bank Deposit

Term Deposits
L
LL
B.

I.
II.
)URP%DQNV
)URP2WKHUV
)URPEDQNV
)URPRWKHUV
Deposits of branches in India

Deposits of branches outside India
Schedules
`LQWKRXVDQGV
As at
March 31, 2015
As at
March 31, 2014
TOTAL (A)

57,032,000

57,032,000
TOTAL (B)
TOTAL (A+B)

10,890,268
67,922,268

10,681,976
67,713,976

106,135,000
88,146,745
194,281,745
262,204,013

93,184,417
52,244,469
145,428,886
213,142,862
Bills payable
,QWHURIFHDGMXVWPHQWVQHW
Interest accrued
Others (including provisions)

&RXQWU\ULVNH[SRVXUHV
2WKHUV

70,982,741

63,896,369

52,406,527

45,415,835
Schedule 4 - Borrowings
I.
Innovative Perpetual Debt Instruments (IPDI) and Tier II Debt

A.
B.
II.
Borrowing in India
L
,3',
Borrowings outside India
L
,3',
Other Borrowings*
A.
Borrowings in India
L
5HVHUYH%DQNRI,QGLD
LL 2WKHUEDQNV
LLL Other institutions and agencies **
TOTAL (A)
B.
Borrowings outside India (B)

TOTAL (A+B)
TOTAL (I+II)
*Secured borrowings are ` 24,000,000 thousands (March 31, 2014 : ` 31,300,000 thousands).
,QFOXGLQJUHQDQFHERUURZLQJ
Schedule 5 - Other Liabilities and Provisions

I.
II.
III.
IV.
TOTAL
Schedule 6 - Cash and Balances With Reserve Bank of India

I.
II.
Cash in hand
Balances with Reserve Bank of India
,QFXUUHQWDFFRXQW
,QRWKHUDFFRXQW
TOTAL

6FKHGXOHV
IRUPLQJDSDUWRI&RQVROLGDWHG%DODQFH6KHHW
`LQWKRXVDQGV
As at
March 31, 2015
As at
March 31, 2014
Schedule 7 - Balances With Banks, Money at Call and Short Notice

I.
In India
Balances with banksL in current accounts
LL in other deposit accounts
Money at call and short notice
L ZLWK%DQNV
LL ZLWKRWKHULQVWLWXWLRQV
LLL OHQGLQJXQGHUUHYHUVHUHSR5%, %DQNV

9,710,919

1,475,267
TOTAL (I)
II.
Outside India
L
LL
LLL
in current account
in other deposit account
money at call and short notice

TOTAL (II)
TOTAL (I+II)

13,456,533
23,167,452

12,025,688
13,500,955

465,702,366

465,702,366

409,328,624

409,328,624

755,498,162

556,329,622

755,498,162

556,329,622
Schedule 8 - Investments (net of provisions)

A.
Investments in India in
L
LL
LLL
LY
Y
YL
Other approved securities
6KDUHV
'HEHQWXUHVDQGERQGV
6XEVLGLDULHVDQGRUMRLQWYHQWXUHV
2WKHUV&3V&'V3DVVWKURXJKFHUWLFDWHVHWF
TOTAL
B.
Investments outside India

TOTAL
Schedule 9 - Advances
A.
L
LL
LLL
B.
L
LL
LLL
%LOOVSXUFKDVHGDQGGLVFRXQWHG
&DVKFUHGLWRYHUGUDIWVDQGORDQVSD\DEOHRQGHPDQG
Term loans
TOTAL
6HFXUHGE\WDQJLEOHDVVHWVLQFOXGHVDGYDQFHVVHFXUHGE\[HGGHSRVLWVDQG
ERRNGHEW
&RYHUHGE\%DQN*RYHUQPHQWJXDUDQWHHV
8QVHFXUHG1RWHDQG
TOTAL
,QFOXGHVDGYDQFHVRI`WKRXVDQGV0DUFK
`WKRXVDQGVIRUZKLFKVHFXULW\GRFXPHQWDWLRQLVHLWKHUEHLQJ
REWDLQHGRUEHLQJUHJLVWHUHG
7KHUHDUHQRRXWVWDQGLQJDGYDQFHVDVDW0DUFKDQG0DUFK
IRUZKLFKLQWDQJLEOHVHFXULWLHVVXFKDVFKDUJHRYHUWKHULJKWVOLFHQVHV
DXWKRULW\HWFRIKDVEHHQWDNHQ

Schedules
`LQWKRXVDQGV
C.
As at
March 31, 2015
As at
March 31, 2014

755,498,162

755,498,162

556,329,622

556,329,622

TOTAL

2,960,898

3,218,219

2,769,190

2,970,942
TOTAL

61,437,016

62,501,706

3,372,992,517

2,010,168,222
Advances in India
L
LL
LLL
LY
Priority sectors
Public sector
%DQNV
Others
TOTAL
Advances outside India

TOTAL
Schedule 10 - Fixed Assets

,
,,
Premises
2WKHU)L[HG$VVHWVLQFOXGLQJIXUQLWXUHDQG[WXUHV
$WFRVWDVRQ0DUFKRISUHFHGLQJ\HDU
Accumulated depreciation to date
&DSLWDOZRUNLQSURJUHVV
Schedule 11 - Other Assets

,
,,
,,,
,9
9
Interest Accrued
Advance tax and tax deducted at source
'HIHUUHGWD[DVVHW5HIHU6FK
1RQ%DQNLQJDVVHWVDTXLUHGLQVDWLVIDFWLRQRIFODLPV
Others
Schedule 12 - Contingent Liabilities

,
,,
,,,
,9
&ODLPVDJDLQVWWKHEDQNQRWDFNQRZOHGJHGDVGHEWV
/LDELOLW\IRUSDUWO\SDLGLQYHVWPHQWV
/LDELOLW\RQDFFRXQWRIRXWVWDQGLQJIRUZDUGH[FKDQJHFRQWUDFWV
/LDELOLW\RQDFFRXQWRIRXWVWDQGLQJGHULYDWLYHFRQWUDFWV
6LQJOHFXUUHQF\,QWHUHVW5DWH6ZDS
2WKHUV
9 *XDUDQWHHVJLYHQRQEHKDOIRQFRQVWLWXHQWV
LQ,QGLD
2XWVLGH,QGLD
9, $FFHSWDQFHVHQGRUVHPHQWDQGRWKHUREOLJDWLRQV
9,, 2WKHULWHPVIRUZKLFKWKHEDQNLVFRQWLQJHQWO\OLDEOH
&DSLWDOFRPPLWPHQW
)RUHLJQH[FKDQJHFRQWUDFWV7RP 6SRW
TOTAL

6FKHGXOHV
IRUPLQJSDUWRIWKH&RQVROLGDWHG3URWDQG/RVV$FFRXQW
`LQWKRXVDQGV
April 1, 2014 to
March 31, 2015
April 1, 2013 to
March 31, 2014

115,720,065

99,813,521

20,479,127

17,215,800

80,833,820

72,645,498
TOTAL

22,948,548

17,568,753
TOTAL

12,442,597

10,702,483
Schedule 13 - Interest Earned

,
,,
,,,
,9
,QWHUHVWGLVFRXQWRQDGYDQFHVELOOV
Income on investments
,QWHUHVWRQEDODQFHVZLWK5HVHUYH%DQNRI,QGLDDQGRWKHULQWHUEDQNIXQGV
Others
TOTAL
Schedule 14 - Other Income

,
,,
,,,
,9
9
9,
&RPPLVVLRQH[FKDQJHDQGEURNHUDJH
3URWRQWKHVDOHRILQYHVWPHQWVQHW
3URW/RVVRQWKHUHYDOXDWLRQRILQYHVWPHQWVQHW
/RVVRQVDOHRIODQGEXLOGLQJDQGRWKHUDVVHWV
3URWRQH[FKDQJHWUDQVDFWLRQVQHW
,QFRPHHDUQHGE\ZD\RIGLYLGHQGVHWFIURPVXEVLGLDULHVFRPSDQLHVDQGRUMRLQW
YHQWXUHVDEURDGLQ,QGLD
9,, 0LVFHOODQHRXVLQFRPH
TOTAL
Schedule 15 - Interest Expended

,
,,
,,,
Interest on deposits
,QWHUHVWRQ5HVHUYH%DQNRI,QGLDLQWHUEDQNERUURZLQJV7LHU,DQG7LHU,,GHEWLQVWUXPHQWV
Others
TOTAL
Schedule 16 - Operating Expenses

,
,,
,,,
,9
9
9,
9,,
9,,,
,;
;
;,
;,,
3D\PHQWVWRDQGSURYLVLRQVIRUHPSOR\HHV
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Printing and stationery
Advertisement and publicity
'HSUHFLDWLRQRQ%DQNVSURSHUW\
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$XGLWRUVIHHVDQGH[SHQVHV
/DZFKDUJHV
3RVWDJHWHOHJUDPVWHOHSKRQHVHWF
Repairs and maintenance
Insurance
Other expenditure
Schedule 17 - Provisions & Contingencies

,
,,
,,,
,9
9

3URYLVLRQIRUWD[DWLRQ5HIHU6FK
3URYLVLRQZULWHRIIIRUQRQSHUIRUPLQJDGYDQFHV
Other Provisions
Schedules
18 Notes forming part of the Consolidated

Accounts for the year ended March 31, 2015
18.1 Background
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accounting estimates is recognized prospectively in
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18.5.2 Revenue recognition

Revenue is recognized to the extent it is probable that
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assets is recognized upon realization as per the
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interest income is partially receivable in advance is
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treasury activities is recognized based on accrual
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18.5.3 Investments
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are measured using the enacted or substantively
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is reasonable certainty that the assets can be realized
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18.5.13 Provisions and contingent assets/liabilities
A contingent liability is a possible obligation that arises
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present obligation that is not recognized because it is not
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18.5.14 Employee Stock Compensation Cost

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and accordingly there is no compensation cost under
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18.5.15 Cash and Cash equivalent
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18.6 Equity Issue

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18.7 Income Taxes

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March 31, 2015
March 31, 2014
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TOTAL

9,047,813

7,085,642
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Changes in present value of Obligations
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As at
March 31, 2015
As at
March 31, 2014

Changes in the fair value of planned assets:

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March 31, 2015
March 31, 2014
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DSSOLFDEOHWRWKHSHULRGRYHUZKLFKWKHREOLJDWLRQLVWREHVHWWOHG

Schedules
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March 31, 2015
March 31, 2014
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Experience History:
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For the year ended For the year ended For the year ended
March 31, 2015
March 31, 2014
March 31, 2013
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The assumptions used in accounting for the gratuity plan are set out below:
March 31, 2015
March 31, 2014
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Attrition
Retirement

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Position of plan asset / liability
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March 31, 2015
March 31, 2014
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18.9 Segment Reporting

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Treasury:,QFOXGHVLQYHVWPHQWVDOOQDQFLDOPDUNHWVDFWLYLWLHVXQGHUWDNHQRQEHKDOIRIWKH*URXSVFXVWRPHUV
SURSULHWDU\ WUDGLQJ PDLQWHQDQFH RI UHVHUYH UHTXLUHPHQWV DQG UHVRXUFH PRELOL]DWLRQ IURP RWKHU EDQNV DQG
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Corporate / Wholesale Banking: ,QFOXGHV OHQGLQJ GHSRVLW WDNLQJ DQG RWKHU VHUYLFHV RIIHUHG WR FRUSRUDWH
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Retail Banking:,QFOXGHVOHQGLQJGHSRVLWWDNLQJDQGRWKHUVHUYLFHVRIIHUHGWRUHWDLOFXVWRPHUV
Other Banking Operations: ,QFOXGHV SDUD EDQNLQJ DFWLYLWLHV OLNH WKLUG SDUW\ SURGXFW GLVWULEXWLRQ PHUFKDQW
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Segmental results for the year ended March 31, 2015 are set out below:
Business Segments
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Result
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Income Taxes
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Unallocated assets
Total assets
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Unallocated liabilities
Total liabilities

Treasury
Corporate / Retail Banking

Wholesale Banking
Other Banking
Operations

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Total

44,131,089

19,974,227

1,361,429,742

1,361,429,742
Schedules
Segmental results for the year ended March 31, 2014 are set out below:
Business Segments
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Result
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Income Taxes
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Unallocated assets
Total assets
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Unallocated liabilities
Total liabilities

Treasury
Corporate / Retail Banking

Wholesale Banking
Other Banking
Operations

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Total

36,119,106

16,112,587

1,090,047,684

1,090,047,684
Notes for segment reporting:

1. The business of the Group is concentrated in India. Accordingly, geographical segment results have not been reported.
2. In computing the above information, certain estimates and assumptions have been made by the Management and have been
relied upon by the auditors.
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related accounts, Tier II instruments, IPDI instruments and relevant interest and rent expenses which cannot be allocated to
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5. Inter-segment transactions have been generally based on transfer pricing measures as determined by the Management.
18.10 Related Party Disclosures

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management personnel
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Key Management Personnel (KMP) (Wholetime Director)

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Items / Related Party
Category
Wholetime directors
/ individual having
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during the year
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directors / individual having
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Maximum Balance
during the year
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Interest paid
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#
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# In Financial Year 2014-15, there was only one related party in the said category, hence the Group has not disclosed the details of
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Key Management Personnel (KMP) (Whole time Director)
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Items / Related Party
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during the year
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directors / individual having
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during the year
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18.11 Operating Leases

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Schedules
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Lease obligations
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TOTAL
As at
March 31, 2015
As at
March 31, 2014

14,157,574

12,809,062
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18.12 Earnings Per Share (EPS)

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Particulars
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18.13 ESOP disclosures

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Year ended
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For the year

March 31, 2015

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For the year

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Schedules
18.14 Deferred Taxation

7KHQHWGHIHUUHGWD[DVVHWRI`WKRXVDQGVDVDW0DUFKDQG`WKRXVDQGVDVDW0DUFK
LVLQFOXGHGXQGHURWKHUDVVHWVDQGWKHFRUUHVSRQGLQJFUHGLWVKDYHEHHQWDNHQWRWKHSURWDQGORVVDFFRXQW
7KHFRPSRQHQWVWKDWJLYHULVHWRWKHGHIHUUHGWD[DVVHWDQGOLDELOLW\LQFOXGHGLQWKHEDODQFHVKHHWDUHDVIROORZV
`LQWKRXVDQGV
Particulars
Deferred tax asset
'HSUHFLDWLRQ
3URYLVLRQIRUJUDWXLW\DQGXQXWLOL]HGOHDYH
3URYLVLRQIRU1RQ3HUIRUPLQJ$VVHWV
$PRUWL]DWLRQRISUHPLXPRQ+70VHFXULWLHV
Other Provisions
3UHOLPLQDU\H[SHQVHVXV'RI,QFRPH7D[$FW
Total Deferred tax asset
Deferred Tax Liability
'HSUHFLDWLRQDQGDPRUWL]DWLRQ
Total Deferred Tax Liability
Total Net Deferred Tax Asset/ (Liability)
As at
March 31, 2015
As at
March 31, 2014

3,555,273

2,493,792

1,823
3,553,450

1,094
2,492,698
18.15 Provisions and Contingencies

7KHEUHDNXSRISURYLVLRQVRIWKH*URXSIRUWKH\HDUHQGHG0DUFKDQG0DUFKDUHJLYHQEHORZ
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March 31, 2015
March 31, 2014
Particulars
3URYLVLRQPDGHZULWHRIIIRUQRQSHUIRUPLQJDGYDQFHV
Others Provisions*
TOTAL

12,442,597

10,702,483
2WKHU3URYLVLRQVLQFOXGHVSURYLVLRQPDGHDJDLQVWRWKHUDVVHWVDQGSURYLVLRQIRUVDFULFHRILQWHUHVWRQ5HVWUXFWXUHG$VVHWV
18.16 Dues to Micro and Small Enterprises

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GLVFORVXUHVDUHUHTXLUHGWREHPDGHUHODWLQJWR0LFURDQG6PDOOHQWHUSULVHV2QWKHEDVLVRILQIRUPDWLRQDQGUHFRUGV
DYDLODEOHZLWKWKHPDQDJHPHQWDQGFRQUPDWLRQVRXJKWE\WKHPDQDJHPHQWIURPVXSSOLHUVRQWKHLUUHJLVWUDWLRQ
ZLWKWKHVSHFLHGDXWKRULW\XQGHUWKHVDLG$FWWKHUHKDYHEHHQQRUHSRUWHGFDVHVRIGHOD\VLQSD\PHQWVWRPLFUR
DQGVPDOOHQWHUSULVHVRURILQWHUHVWSD\PHQWVGXHWRGHOD\VLQVXFKSD\PHQWV

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18.17 Additional disclosure

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SHUWDLQLQJWRWKHLWHPVZKLFKDUHQRWPDWHULDOKDYHQRWEHHQGLVFORVHGLQWKHFRQVROLGDWHGQDQFLDOVWDWHPHQW
18.18 Description of contingent liabilities


&ODLPVDJDLQVWWKH*URXSQRWDFNQRZOHGJHGDVGHEWV
Brief
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EDVHGRQSUHGHWHUPLQHGUDWHV,QWHUHVWUDWHVZDSVDUH
FRPPLWPHQWVWRH[FKDQJH[HGDQGRDWLQJLQWHUHVWUDWH
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RIVXFKIRUHLJQH[FKDQJHFRQWUDFWVDQGGHULYDWLYHVSURYLGH
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balance sheet but do not necessarily indicate the amounts
RIIXWXUHFDVKRZVLQYROYHGRUWKHFXUUHQWIDLUYDOXHRI
WKHLQVWUXPHQWVDQGWKHUHIRUHGRQRWLQGLFDWHWKH*URXSV
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WKHDJJUHJDWHIDLUYDOXHVRIGHULYDWLYHQDQFLDODVVHWVDQG
OLDELOLWLHVFDQXFWXDWHVLJQLFDQWO\

*XDUDQWHHVJLYHQRQEHKDOIRIFRQVWLWXHQWV
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GRFXPHQWDU\FUHGLWDQGJXDUDQWHHVRQEHKDOIRILWVFXVWRPHUV
'RFXPHQWDU\FUHGLWVVXFKDVOHWWHUVRIFUHGLWHQKDQFHWKH
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18.19 Fixed Assets

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March 31, 2015
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374,697

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18.20 Prior period comparatives

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Part A: Subsidiaries
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reporting period
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7
8

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Part B: Asscociates and Joint Ventures

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Notes
Notes
Branch Locations
NCR (159)
PUNJAB (55)
Adampur, Ajnala, Amritsar (2), Banga, Banur,
Barnala, Begowal, Bhatinda, Bishanpura, Dasuya,
Derabassi, Dhuri, Firozpur, Goraya, Gurdaspur,
Hoshiarpur, Jalandhar (3), Jandiala, Kapurthala,
Kartarpur, Khanna, Kharar (2), Kurali, Lohian
Khas, Ludhiana (5), Mahilpur, Mandi Gobindgarh,
Moga, Mohali (2), Morinda, Mukerian, Muktsar,
Nakodar, Nangal, Nawanshahr, Nurmahal,
Pathankot, Patiala, Phullanwala, Rajpura, Rayya,
Rupnagar (Ropar), Sahnewal, Sohana, Sultanpur
Lodhi, Urmar Tanda, Zirakpur (2)
HARYANA (15)
New Delhi - Ashok Vihar, Bhikaji Cama Place, Chandni Chowk, Chattarpur, Chawri Bazar, Connaught Place
(2), Darya Ganj, Dwarka - Delhi (3), East of Kailash, Gole Market, Greater Kailash 1, Greater
Kailash 2, Green Park, Hudson Lines, Janakpuri (2), Jangpura, Jasola, Jhandewala, Kalkaji, Kamla
Nagar, Kapashera, Karol Bagh, Kashmere Gate, Kirti Nagar, Krishna Nagar, Lajpat Nagar (2),
Malcha Market, Malviya Nagar, Mayapuri, Mayur Vihar, Meera Bagh, Model Town, Mohan Cooperative, Moti Nagar, Naraina Industrial Estate, Nehru Place, New Friends Colony, New Rohtak
Road, Old Rajinder Nagar, Okhla, Okhla Phase 3, Paschim Vihar, Patel Nagar East, Pitampura,
Preet Vihar, Punjabi Bagh, Rajdhani Enclave, Rajendra Place, Rajouri Garden (2), Ram Vihar,
Rohini (3), Sadar Bazaar, Saket, Shalimar Bagh, Shastri Nagar, South Extension, Sunder Nagar,
Tilak Nagar, Vasant Kunj, Vasant Vihar, Vikaspuri, Vivek Vihar
Haryana
- Ajaib, Alipur, Atail, Badli, Badshahpur, Bahadurgarh, Bahamnoli, Bawal, Bhang Rola, Bhaini
Chanderpal, Bhaini Surjan, Bharan, Damdama, Daula, Dhamar, Dharuhera, Dhor, Dundahera,
Faridabad (2), Ganaur, Garhi Bazidpur, Garhi Harsaru, Hayatpur, Gohana, Goela Kalan, Gurgaon
(6), Haileymandi, Jakhoda, Jatal, Jatola, Jhajjar, Kabri, Kankrola, Kanonda, Karola, Khandewla,
Khandsa, Kharak Jatan, Kherka Gujar, Kherla, Kulasi, Kundli, Ladpur, Lawa Khurd, Manesar, Marot,
Mehrana, Navarangpur, Nawada Fatehpur, Narnaul, Nilauthi, Panipat, Pelpa, Pilana, Rai, Rehtoj,
Rohtak, Samalkha, Samchana, Sankhol, Sikanderpur, Sonepat, Sunderpur, Taoru, Wazirabad
UP
- Anupshahr, Baghpat, Dasna, Debai, Ghaziabad (4), Greater Noida (3), Gulaothi, Kasana, Khekra,
Meerut, Modinagar, Noida (2), Sardhana, Shakarpur, Shikarpur, Siana
Rajasthan - Alwar, Behror, Bhiwadi, Dadar, Jatiyana, Kerwa Jat, Khairthal, Kithoor, Kisangarh,
Neemrana,Toolera
Ambala Cantt, Cheeka, Dhand, Fatehabad, Jind,

Kaithal, Kalka, Karnal, Narwana, Panchkula (2),
3LQMRUH6DGRQ7RKDQD<DPXQD1DJDU
Mumbai Metropolitan
Region (62)
Adampur, Ajnala, Amritsar (2), Banga, Banur,
Barnala, Begowal, Bhatinda, Bishanpura, Dasuya,
Derabassi, Dhuri, Firozpur, Goraya, Gurdaspur,
Hoshiarpur, Jalandhar (3), Jandiala, Kapurthala,
Kartarpur, Khanna, Kharar (2), Kurali, Lohian
Khas, Ludhiana (5), Mahilpur, Mandi Gobindgarh,
Moga, Mohali (2), Morinda, Mukerian, Muktsar,
Nakodar, Nangal, Nawanshahr, Nurmahal,
Pathankot, Patiala, Phullanwala, Rajpura, Rayya,
Rupnagar (Ropar), Sahnewal, Sohana, Sultanpur
Lodhi, Urmar Tanda, Zirakpur (2)
GOA (7)
Calangute, Curchorem, Margao, Mapusa, Panjim,
Ponda, Varca
630 branches in over 425 locations

Over 110+ ATMs
YES BANK Branch Network - 630 branches in over 425 locations

NORTH
: AAdampur, Agra (2), Ajaib, Ajnala, Aligarh, Allahabad, Alipur, Alwar, Ambala Cantt, Amritsar (2), Anantnag, Anupshahr, Atail, Baddi, Badli, Badshahpur, Bahamnoli, Baghpat, Bahadurgarh, Banga, Banur, Bara Banki, Bareilly, Barnala, Bawal, Begowal,
Behror, Bhaini Chanderpal, Bhaini Surjan, BhangRola, Bharan, Bhatinda, Bhiwadi, Bilari, Bishanpura, Chandigarh (6), Chawri Bazar, Cheeka, Damdama, Dadar, Daula, Dasna, Dasuya, Dayalbagh, Debai, Dehradun, Derabassi, Dhamar, Dhampur, Dhand,
Dharamsala, Dharuhera, Dhor, Dhuri, Dundahera, Faridabad, Fatehabad, Firozabad (2), Firozpur, Gajraula, Ganaur, Garhi Bazidpur, Garhi Harsaru, Ghaziabad (4), Goela Kalan, Gohana, Gorakhpur, Goraya, Greater Noida, Gulaothi, Gurdaspur, Gurgaon
(7), Haileymandi, Haridwar, Hayatpur, Hoshiarpur, Jakhoda, Jalandhar (3), Jammu (2), Jandiala, Jaspur, Jatal, Jatiyana, Jatola, Jhajjar, Jhansi, Jind, Kabri, Kaithal, Kalka, Kangra, Kankrola, Kanonda, Kanpur (2), Kapurthala, Karnal, Karola, Kartarpur, Kasana,
Kashipur, Katra, Kerwa Jat, Khairthal, Khandewla, Khandsa, Khanna, Kharak Jatan, Kharar (2), Khekra, Kherka Gujar, Kherla, Kisangarh, Kithoor, Kosi Kalan, Kulasi, Kunda, Kundli, Kurali, Ladpur, Lawa Khurd, Lohian Khas, Lucknow (3), Ludhiana (5),
Mahilpur, Manali, Mandi Gobindgarh, Manesar, Marot, Mathura, Mayur Vihar, Mehrana, Meerut, Modinagar, Moga, Mohali (2), Moradabad, Morinda, Mukerian, Muktsar, Mussoorie, Nakodar, Nangal, Narnaul, Narwana, Navarangpur, Nawada Fatehpur,
Nawanshahr, Neemrana, New Delhi (70), Nilauthi, Noida (3), Nurmahal, Panchkula (2), Panipat, Paonta Sahib, Pathankot, Patiala, Pelpa, Phullanwala, Pilana, Pinjore, Rai, Rajdhani Enclave, Rajpura, Ramnagar, Rayya, Rehtoj, Rishikesh, Rohtak,
5XGUDSXU5XSQDJDU5RSDU6DGRQ6DKDUDQSXU6DKQHZDO6DPDONKD6DPFKDQD6DQNKRO6DUGKDQD6KDKMDKDQSXU6KDNDUSXU6KLNDUSXU6KLPOD6KULQDJDU+DWKUDV6LDQD6LNDQGHUSXU6RKDQD6RODQ6RQHSDW6ULQDJDU6XOWDQSXU/RGKL
6XQGHUSXU7DRUX7RKDQD7RROHUD8GKDPSXU8QD8UPDU7DQGD9DUDQDVL:D]LUDEDG<DPXQD1DJDU=LUDNSXU
WEST
: Abu Road, Adalaj, Ahmadnagar, Ahmedabad (7), Ajmer, Anand, Ankleshwar, Aurangabad, Balda, Balotra, Banswara, Baramati, Bardoli, Barmer, Baroda (3), Bavla, Belavli, Betul, Bharuch, Bhavnagar, Bhopal (2), Bhorwadi, Bhilwara, Bhinmal, Bhomnagar,
Bhopal, Bhuj, Bilara, Bikaner, Bodakdev, Bodeli, Butibori, Calangute, Chakan, Chhindwara, Chikhli, Chimbhali, Chiplun, Chittaurgarh, Curchorem, Dahej, Daman, Dausa, Dariba, Deesa (M), Deogarh, Deolali, Deoli, Dewas, Dhar, Dwarka, Gandhinagar,
Gandhidham, Gwalior, Halol, Igatpuri, Indore (2), Itrasi, Jabalpur, Jaipur (3), Jalgaon, Jalor, Jamnagar, Jhalawar, Jodhpur, Kandli, Kolhapur, Kota, Kundewahal, Mandideep, Mapusa, Mehsana, Margao, Merta City, Mumbai Metropolitan Region (62), Nagaur,
Nagpur (2), Nashik (2), Nasirabad, Nathdwara, Neem-Ka-Thana, Nidhrad, Niwai, Nokha, Owle, Ozar, Padra, Pali, Panjim, Pen, Pilani, Pipariya, Ponda, Por, Pune (8), Raisen, Rajgurunagar (Khed), Rajkot (2), Rajsamand, Roha, Rupal, Sachin, Sanand, Sehore,
6HRQL0DOZD6HQGKZD6KDKSXUD6KLUGRQH6LKRUOL6LOYDVVD6LQQDU6XPHUSXU6XUDW8GDLSXU8MMDLQ8PUHG8QMKD9DGDM9DGVDOD9DOODEK9LG\DQDJDU9DSL9DUFD9LGLVKD9LMDSXU:DOXM:DUXOZDGL<HROD
SOUTH
: Ambur, Bangalore (14), Belgaum, Chennai (8), Coimbatore, Devanahalli, Erode, Guntur, Hosur, Hubli -Dharwad, Hyderabad (9), Kannur, Kavaratti, Kochi (2), Kollam, Kottayam, Kozhikode, Kurichi, Madurai, Malapuram, Manipal, Mangalore, Mysore,
Narasaraopet, Nellore, Puducherry, Rajahmundry, Salem, Shamshabad, Sriperumbudur, Suryapet, Thiruvanantapuram, Thrissur, Tiruchirappalli, Tiruppur, Tirupati, Tiruvalla, Vijayawada, Vizag (2), Vizianagaram, Warangal
EAST
: Adityapur, Agartala, Aizwal, Asansol, Bardhaman, Bhubhaneshwar, Bidhan Nagar, Bilaspur, Chas - Bokaro, Cuttack, Dhanbad, Dimapur, Durg Bhilai, Durgapur, Gangtok, Guwahati (3), Howrah, Imphal, Itanagar, Jamshedpur, Jorhat, Kalyani, Kharagpur,
Kolkata (7), Patna (2), Port Blair, Puri, Raipur, Raigarh, Ranchi, Rourkela, Shillong, Sibsagar, Silchar, Siliguri, Tezpur

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NOTICE

Notice is hereby given that the Eleventh Annual General

To consider and adopt:

t he audited financial statements of the Bank for

t he audited consolidated financial statements of

To declare dividend on equity shares.

To appoint a Director in place of Mr. M. R. Srinivasan

 o appoint Auditors and to fix their remuneration and

conclusion of the Twelfth Annual General Meeting of

RESOLVED THAT pursuant to the provisions of

 o consider and if thought fit, to pass the following

 o consider and if thought fit, to pass the following

Annual Report 2014-15

 o consider and if thought fit, to pass the following

(Amount in `) (per annum)

1,887,097/As per Banks Policy

RESOLVED FURTHER THAT the other terms and

RESOLVED FURTHER THAT the Board of Directors

To consider and if thought fit, to pass the following

 RESOLVED THAT pursuant to the provisions of

Salary effective from April 1, 2015:

power to settle all questions, difficulties or doubts

Amount in ` per annum

 o consider and if thought fit, to pass the following

Annual Report 2014-15

through an issuance of Global Depository Receipts

manner of appropriation of application money or call

RESOLVED FURTHER THAT in the event that Equity

RESOLVED FURTHER THAT in the event the Securities

Convertible Bonds (FCCBs), pursuant to the provisions

such price (including any premium or discount) as

(a) in the event the Bank is making a bonus issue

(b) in the event of the Bank making a rights offer by

(c) in the event of merger, amalgamation, takeover

(d) in the event of consolidation and/or division of

Annual Report 2014-15

all deeds, documents and writings and to pay any

in relation to payment of dividend, issue of additional

RESOLVED FURTHER THAT, for the purpose of giving

RESOLVED FURTHER THAT:

iii. t he Board be and is hereby authorized to decide

iv. t he Board be and is hereby authorized to

t he Equity Shares to be issued by the Bank as

difficulties or doubts that may arise in regard

RESOLVED FURTHER THAT the Board be and is

Annual Report 2014-15

regulations or guidelines as at the relevant date(s) as

RESOLVED FURTHER THAT the Board of Directors

the Bank carrying voting rights, may appoint a single

An Explanatory Statement pursuant to Section

4. In case of Joint holders attending the Meeting, only

 embers who hold shares in dematerialized form

6. Corporate Members are requested to send a duly

The register of Members and share transfer Books of

 ividend on Equity shares as recommended by the

(a) In dematerialized mode, based on the beneficial

(b) In physical mode, if their names appear in the

all valid transfers in physical form lodged with

Brief profile of the Directors proposed to be

t he audited financial statements of the Bank for

t he audited consolidated financial statements of

To appoint a Director in place of Mr. M. R. Srinivasan

o appoint Auditors and to fix their remuneration and

RESOLVED THAT pursuant to the provisions of

o consider and if thought fit, to pass the following

o consider and if thought fit, to pass the following

o consider and if thought fit, to pass the following

RESOLVED FURTHER THAT the other terms and

RESOLVED FURTHER THAT the Board of Directors

To consider and if thought fit, to pass the following

RESOLVED THAT pursuant to the provisions of

o consider and if thought fit, to pass the following

RESOLVED FURTHER THAT in the event that Equity

RESOLVED FURTHER THAT in the event the Securities

(a) in the event the Bank is making a bonus issue

(b) in the event of the Bank making a rights offer by

(c) in the event of merger, amalgamation, takeover

(d) in the event of consolidation and/or division of

RESOLVED FURTHER THAT, for the purpose of giving

iii. t he Board be and is hereby authorized to decide

iv. t he Board be and is hereby authorized to

t he Equity Shares to be issued by the Bank as

RESOLVED FURTHER THAT the Board be and is

RESOLVED FURTHER THAT the Board of Directors

An Explanatory Statement pursuant to Section

4. In case of Joint holders attending the Meeting, only

embers who hold shares in dematerialized form

6. Corporate Members are requested to send a duly

The register of Members and share transfer Books of

ividend on Equity shares as recommended by the

(a) In dematerialized mode, based on the beneficial

(b) In physical mode, if their names appear in the

Brief profile of the Directors proposed to be

10. In terms of Section 139(1) of the Companies Act,

he Bank hereby request Members who have not

20. The Results of voting will be declared and the same

Member Founders Circle, Brookings Institution