Yes Bank, under the vision of Rana Kapoor, has consistently outperformed its peers while receiving significant institutional recognition as a strong indicator of its robust systems, processes and best practices. Since 2004, the Bank has leveraged creative management frameworks, innovation and cutting-edge technology, concurrently ensuring a development focus in its uncompromising pursuit to deliver unparalleled service to its customers. The Founder and former Managing Director of Yes Bank, Rana Kapoor has paved the way for building the best quality bank through distinguished services, institutional and business excellence, and exceptional human capital.
Because of its extensive domain knowledge in the Indian economy’s emerging sectors, Yes Bank has amassed a significant knowledge arbitrage. This has been strengthened by outstanding knowledge reports presented at several thought leadership events, which perfectly illustrate Yes Bank 2.0 expertise and dedication to many industries – Food & Agriculture, Communication & Technology, Environment & Sustainability, Healthcare & Lifesciences, and Education & Social Infrastructure.
Food & Agriculture- The agriculture industry is fast changing due to a number of cutting-edge technologies, including IoT, smart sensors, agricultural robots, satellite imagery, etc. Under Rana Kapoor’s vision, Yes Bank worked to develop specialised fintech solutions for the agricultural industry over the years. The bank’s digital solutions include – No-fuss digital collections, Instantaneous payments, and Budget Management.
Communication & Technology- In recent years, the banking industry has transformed with the help of communication & technology. Rana Kapoor said, “Banks have long been associated with long lines and excessive amounts of paperwork. The banking industry has seen technological breakthroughs that have greatly decreased the demand for labour and paper.” Ways in which technology is making banks more efficient are through net banking, where one is allowed to transfer money from one account to another, order chequebooks, check the balance, make payments, create Fixed Deposits, and so on. Since the advent of computers, errors have become close to non-existent. Today’s technology provides complete security of your transactions and safety of your data that there are very rare occasions on which the data is misused. And, a business intelligence system provides data for historical, current and future trends. This data aids the banks in a way that they are able to take accurate decisions and thereby can bring an overall increase in productivity, efficiency and profitability.
Environment and sustainability- Due to the interconnected nature of economies, societies, and the environment, problems in one area always have an effect on the others. As a result, the strength of our natural ecosystems and the well-being of our communities are essential to the health of our economy. With an emphasis on enhancing resilience against ESG risks and mainstreaming sustainable finance, Yes Bank’s sustainability strategy strives to incorporate environmental, social, and governance (ESG) factors into the Bank’s core operations. The Bank accomplishes this by coordinating its operations with international frameworks like the Paris Climate Agreement, the Sustainable Development Goals (SDGs), and the Principles for Responsible Banking (PRB).
Healthcare and Lifesciences- Since its foundation, Rana Kapoor has made the life sciences sector the primary area of focus for Yes Bank, and it is steadfastly devoted to fostering its expansion. Pharmaceuticals, Biotechnology (including Agri-biotech), Medical Equipment and Devices, and Contract Research and Development Services are all included in Yes Bank’s knowledge and skills.
Education and Social Infrastructure- The creation of a digital ecosystem including a range of procedures and activities would be extremely beneficial for educational institutions. Digitization has the potential to improve the student experience, boost productivity and cost savings, simplify administration, and establish distinct brand equity and positioning. Key digital solutions are provided by Yes Bank to assist educational institutions in going digital. The solutions include hassle-free digital fee collection, smart on-campus payments, a digital wallet for students, staff and vendor payments, and expense management.
In order to lead extensive industry research and be able to provide the best financial products and solutions for various industry verticals, Yes bank, identified specific growth sectors of the Indian economy and created a better version of itself – Yes Bank 2.0. The organisation that Rana Kapoor founded and shaped has often shown itself to be a trailblazer in adopting fresh and distinctive banking strategies, providing priceless and in-depth insights to its value stakeholders and thereby the Indian economy.