Yes Bank, as part of its CSR activity, has aligned with TERI BCSD to promote sustainable development in the country. A statement issued by the bank said it has signed a Memorandum of Understanding (MoU) with TERI BCSD ( Business Council for Sustainable Development) to accelerate momentum for sustainable development, environmental management, social responsibility and sustained economic performance, among Indian corporates. The MoU will enable the bank to work with BFSI (Banking, Financial Services and Insurance) sector on responsible finance, financial inclusion, especially focusing on agri, MSME and tourism sectors.
Rana Kapoor, MD and CEO of the bank said the MoU is a beginning of an enriching relationship which would facilitate climate change mitigation and natural capital conservation. TERI director general R K Pachauri said the institute’s research capabilities in the field of sustainable development will support Yes Bank’s commitment towards responsible banking.
