YES Bank has been named the ‘Best Bank in India for Small and Medium-Sized Enterprises’ at the Asiamoney Best Bank Awards 2018 in Hongkong. The award is for pioneering key initiatives around women-owned enterprises, mentorship programs for SMEs and use of technology for a seamless GST transition. Rana Kapoor, MD & CEO of the bank, said the award further strengthens the bank’s endeavor to deliver technology-oriented banking solutions to millions of MSMEs across the country. The bank’s differentiated initiatives to educate, mentor and fund MSMEs through industry-first offerings, developing unique credit-scoring for MSMEs for accelerated financing and ERP-based payment solutions reiterate its commitment to strengthen the country’s MSME ecosystem, he added.
