Yes Bank was one of the four private sector banks to have signed this MoU.

Under the terms of the MoU, Yes Bank will partner with the Government of Gujarat to extend support to industries in the state particularly large & mid corporate and SMEs.

Yes Bank founder/managing director & CEO Rana Kapoor said this MoU will further accelerate Yes Bank’s efforts to engage with the Government, industry and other stakeholders, in the state to jointly crystallize specific initiatives and support industry, particularly in the sunrise sectors including infrastructure, food & agribusiness, tourism, amongst others.

Yes Bank also announced its plans to open additional branches in 19 more towns & cities of Gujarat over the next 6-9 months.