Rana Kapoor honored with 'C. Rangarajan Award for Excellence in Banking'

India Infoline News Service | Mumbai | November 24, 2014 11:38 IST

M Venkaiah Naidu, Hon'ble Union Minister, Urban Development, Housing & Urban Poverty Alleviation, Parliamentary Affairs and Rana Kapoor, Founder, MD & CEO, YES BANK
Rana Kapoor, Founder, MD&CEO, YES BANK was honored with the first "C. Rangarajan Award for Excellence in Banking". Further, marking the organizational culture of design which enables excellence, innovation and growth, YES BANK was conferred with SKOCH Renaissance Award 2014 for 'Nurturing Creativity and Innovation' at the 38th SKOCH Summit - 'Resurgent India, Competitive India'.
 
The summit was presided over by M Venkaiah Naidu, Hon'ble Union Minister, Urban Development, Housing & Urban Poverty Alleviation, Parliamentary Affairs. YES BANK was congratulated for exemplary contributions in business development catering bespoke financial services to the economy.
 
On receiving the honor, Rana Kapoor said, "It is truly humbling for me to receive the first 'C. Rangarajan Award for Excellence in Banking' instituted by SKOCH at the 38th SKOCH Summit on 'Resurgent India, Competitive India'. Today, YES BANK is in its most stimulating phase, an inflection point in its life cycle. With the imminent improvement in the political and economic environment in the country and the overwhelming & highly successful response to our USD 500 MN QIP - oversubscribed by 5 times and receiving a strong response of over USD 2.5 BN, which I believe is a testament to the Bank's continued demonstration of robust financial performance across economic cycles. YES BANK is committed to contributing to Aspiring India's growth, and this award reinforces our commitment towards augmenting financial services as a key driver of India's economic growth and competitiveness."
 
Established in 2008, SKOCH Development Foundation is an autonomous, policy oriented, not for profit policy think tank. The Foundation ensures transparency, accountability and adherence to corporate governance norms. Its main focus is empowering the marginalized and making inclusive development a reality by undertaking various research and grassroots intervention projects.