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Yes Bank recieves Reserve Bank of India(RBI) approval to Open Offices in London and Singapore

Yes Bank on Friday said that it has gotten Reserve Bank of India's (RBI) approval to open two offices in London and Singapore. 

"This is a significant development in the overall growth of Yes Bank's plan of action and will help in facilitate diversification and extension of financial services to the NRI diaspora," Yes Bank MD and CEO Rana Kapoor said. 

"Opening of representative office in key financial and trade hubs...gives us a viable scope for most key worldwide geographies and shows our sense of duty regarding develop our impression in the international banking space," he added. 

Yes Bank opened its first representative office in Abu Dhabi in April 2015 and furthermore launched IFSC banking unit (IBU) at GIFT City, Gandhinagar, around the same time.


This post first appeared on Business Speaks, please read the originial post: here

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Yes Bank recieves Reserve Bank of India(RBI) approval to Open Offices in London and Singapore

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