Mumbai: YES BANK, India’s 5th largest private sector Bank has been presented with “Best Growth Award, 2015” at the East Capital Awards. The award for Best Growth is presented to a company that has demonstrated outstanding growth in the areas of sales, market share and profit margins in recent years.
East Capital Awards acknowledged the fact that in the last 5 years, YES BANK has grown its branch network by 4 times and annual net profit by 33.2% on average. East capital also mentioned that YES BANK is expected to continue to outpace the sector growth due to its smaller size, better capital and recent foray into retail loans.
Commenting on this recognition, Mr. Rana Kapoor, Managing Director & CEO, YES BANK, said, “We are extremely pleased with this significant global recognition positioning YES BANK as one of the Best Growth companies. Since inception, YES BANK has demonstrated sustained financial performance on the back of consistent profitability, income generation and finest asset quality. This coveted award is a testament to our holistic knowledge driven focus as we work towards the vision of Building the Finest Quality Large Bank of the World in India by 2020”.
Peter Elam Håkansson, Chairman and CIO of East Capital, said: “The East Capital Awards recognise outstanding achievements of companies in our portfolios. Through our consistent research and extensive travelling in emerging and frontier we are able to identify companies that have achieved impressive results and demonstrated exciting potential. We are very pleased to be announcing those companies today”.
The award winners in other categories included Wirtualna Polska from Poland, Moscow Exchange from Russia and Engro Food Limited from Pakistan.
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2014 The Global Indian New Network (TGINN)