Where does financial inclusion fit into YES BANKs scheme of Responsible Banking”?
YES BANK is committed to creating equal financial opportunities and enabling financial inclusion, but it is our emphasis on innovation which is making the real impact. For instance, in microfinance the vision is to go beyond offering plain vanilla banking to providing the industry access to the mainstream capital markets. This approach helps MFIs achieve scale at a lower cost of funds, thereby resulting in affordable financial products for the Base of the Pyramid (BOP). YES BANK has a two-pronged microfinance strategy to provide easy access to suitable financial products and services to un-banked/under-banked, low-income communities across urban and rural India. As of March 2009, Wholesale Lending stood at USD 60 million with 16 MFIs, covering an estimated 500,000 clients in over 1000+ villages. YES BANK offers a comprehensive package of banking and advisory services, dovetailed with the expertise of relevant business units within the Bank to use structured capital market products to h
