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Asian Banker Awards for Yes Bank

Yes Bank has been awarded the Best Trade Finance Bank in India for the fifth year in a row. The award is for achieving significant growth in terms of business performance and highlights the bank’s strategic focus on consistently delivering value-accretive trade finance solutions across its client base. Among its fully digitalized solutions are seamless processing of cross-border trade transactions, use of the BOLERO platform on the electronic Bill of Lading (e-BL) processing and DLT technology for supply chain financing and cross border remittances. The bank has been awarded the Best Financial Supply Chain Management in India for developing an integrated solution allowing DTDC Express to substantially reduce its Days Sales Outstanding (DSOs) from franchisees thereby providing positive impact to the working capital cycle besides streamlining re-conciliation process. It also won the Best Corporate Trade Finance Deal award for the unique first-of-its-kind digital solution involving end-to-end electronic presentation of export documents. Asit Oberoi, senior group president & global head & chief experience officer, Transaction Banking Group at the bank, said these recognitions from The Asian Banker are the true testament of the bank’s leadership in the transaction banking and payments domain – backed by robust innovation and technology frameworks.

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