r.

Rana Kapoor, MD & CEO, YES BANK

Vision:
To be the Finest Quality Bank in India by 2020
Mission
To establish a high quality, customer centric, service driven, private Indian
Bank catering to the Future Businesses of India.

YES BANK provides you an all-inclusive banking experience through an

extensive network of more 860 Branches Pan India | 1625+ ATMs across all
29 States and 7 Union Territories of India.

YES mobile 2.0

Augmented Reality (AR) to locate YES BANK branches and ATMs

One-touch authentication via Fingerprints
Money Transfer to Phonebook Contacts, Friends on Facebook and Twitter Followers

Demonetization

as bold and revolutionary that will have tectonic impact on the

ubiquitous parallel economy in the country
The move will significantly strengthen Governments systematic efforts over
the last two years to curb black money in the economy including SIT,
amending DTAA with Mauritius and Cyprus, amending Benami Transactions
Act, and the more recent Income Declaration Scheme.
Estimate unaccounted cash in the economy to the tune of INR 4500 bn, of
which, a certain significant proportion will make way to the banks boosting
deposit base and financial savings both.

Banks deposit base to receive a fillip of 0.5-1.4% of GDP

financing savings can be expected to rise by close to this proportion, due to switch
from savings from unproductive physical assets to financial assets
a.

Improve monetary transmission and reduce lending rates

expect banks to reduce deposit rates by ~125 bps over the next 6 months.

The new regime of MCLR will immediately take into account the
lower cost and will thereby lead to a decline in lending rates, which
will boost economic activity in the medium term.

With improved monetary transmission, economic efficiency and structural

moderation in currency in circulation, there is likely to be a greater room for RBI to
ease monetary policy rate further
push to cash deposits in Jan Dhan accounts
GST architecture that is expected to come on board next year. This will stand to
enhance Governments ability to tax commercial transactions resulting in a
structural improvement in tax to GDP ratio in the economy

mprovement in bank deposit base leads to higher SLR demand, on the demand side
n the supply side, with tax buoyancy seeing an improvement, supply of g-secs is
likely to get more rationalized due to gradual reduction in fiscal deficit over time as
the impact of FRBM is underway.
The clean-up of the unaccounted money is the third attempt in Indias
monetary history to restrain its growing parallel economy following similar
attempts in 1946 and 1977 earlier.
In a single master stroke, the Government has attempted to tackle all 3
malaises currently plaguing the economy - a parallel economy, counterfeit
currency in circulation and terror financing.