Yes Bank was founded in 2004. It was founded by Rana Kapoor and Late Ashok Kapur. Its head quarter is located in Mumbai, in the state of Maharashtra, in India. The key person associated with this bank is Rana Kapoor who holds the position of Managing Director and CEO. It deals with special banking products such as Banking and financial services plus SMEs. As of 30 July 2015, its revenue indicated an increase of Rs. 23500 crore (US$3.5 billion), Net income indicated an increase of Rs. 3000 crore (US$450 million) and total assets indicate an increase Rs. 91000 crore (US$14 billion).
In India, Yes Bank, is the fifth largest private sector Bank. In the last two decades, it is the only Greenfield Bank licence awarded by the Reserve Bank of India. Yes Bank is termed as a “Full Service Commercial Bank”. It has largely and steadily built a Retail & SME Banking franchise, Corporate, Financial Markets, Corporate Finance, Investment Banking, Branch Banking, Wealth Management business lines and Business and Transaction Banking across the country. In 2013, it is the “First Private Bank in India” to be awarded ISO 14001:2004 certificate. In 2014, it was given the Order of Merit SKOCH Financial Inclusion and Deepening Awards and Dun & Bradstreet- Best Private Sector Bank (Asset Class).
Yes Bank IFSC code
Yes Bank Indian Financial System Code (IFSC) is used largely for electronic payment applications like National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service, Centralised Funds Management System (CFMS) and an interbank electronic instant mobile money transfer service (IMPS) that are developed by Reserve Bank of India in a successful manner. This particular code has just eleven characters or "Alpha Numeric" in nature. It is to be remembered that last six characters i.e. YESB0****** represent branch, fifth character is default "0" left for future use and the initial four characters represent bank.
How to search for Yes Bank IFSC code?
Banking customers who are looking for Yes Bank IFSC code will be able to find its code without any hassle for electronic transactions. All you need to do is select the state and branch location in order to get the IFSC code for Yes Bank branches in the country. It is to be noted that these particular codes are very significant as they perfectly ensure secure plus quick transactions through the electronic media.
Yes Bank MICR code
Yes Bank Magnetic Ink Character Recognition code is actually a machine readable code that is largely used for immediately processing and quick clearance of cheques. It is mostly used in order to identify the bank branch to which the cheque actually belongs. On the other hand, when a cheque send for clearing, then this particular code is perfectly read by a magnetic reader and automatically sorted out in a successful manner. MICR technology rightly speeds up the entire process when compared to reading plus sorting it manually. It is to be highly noted that MICR code for Yes Bank is given at the bottom of every cheque leaf.
How to search for Yes Bank MICR code?
In the table is given the Yes Bank MICR codes. You can easily narrow down your search either by clicking any particular state and then the Yes bank branches from the drop down list. This code can be used for your financial transactions which is very important. Banking customers are requested to use MICR code for most of the transactions which needs it as mandatory.