Yes Bank to open first offshore branch in Dubai
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Yes Bank to open first offshore branch in Dubai

Yes Bank to open first offshore branch in Dubai

Indian private sector lender Yes Bank has announced it would open its maiden offshore branch and also a UAE representative office at the Dubai International Finance Centre (DIFC), Khaleej Times has reported. "The GCC region is an important geography for our NRI business and our Gulf foray will play a key role in our aspiration to become 'the Savings Bank of India,'" Rana Kapoor, founder, managing director and CEO of Yes Bank, told the daily. The bank also sees the region as a critical area for retail banking and wealth management. "We see a significant opportunity in partnering with local UAE banks and other financial institutions in the region to participate as a facilitator for trade and remittance flows within the UAE/GCC-India corridor," said Kapoor.

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