ICICI Lombard General Insurance Company Limited, India’s leading private sector non-life insurance company, announced it has entered into a Bancassurance tie-up with YES Bank. The partnership will provide the Bank’s diverse customer base access to the insurer’s portfolio and make insurance more accessible to its customers across India, ICICI Lombard said in a press release.…
Max Life Insurance Co. Ltd and YES BANK Limited, announced a 5-year extension to their strategic bancassurance relationship. Through this renewal of their bancassurance partnership both the companies will invest in building a digitally enabled ecosystem that will provide a seamless experience for customers in their financial planning and protection journey. For the past 15…
The Catalyst Fund has gained $15 million from JP Morgan and UK Aid as a means to support and back 30 fintech startups in Africa, Asia, and Latin America in the next three years. Catalyst Fund, a Boston based accelerator, provides mentorship and non-equity funding to early-stage tech ventures that are primarily focused on driving…
Yes Bank, has received an offer from a global investor for an investment of US$ 1.2 Billion in the Bank. This has been communicated by the bank in a statement to the exchanges. In their statement on their capital raising plans, earlier in September 2019, the bank had mentioned that the Bank had received strong…
Yes Bank, one of the key private sector banks in India, has announced big bonuses to retain its existing employees. It is understood that these bonuses will be in the form of deferred payouts spread over the year. As per some news reports the bonus will be given in 30:40:30 ratio, getting credited every four…
Pralay Mondal , Senior Group President – Retail & Business Banking. Yes Bank has appointed Pralay Mondal as Senior Group President – Retail & Business Banking. In his role Pralay will drive the growth of the concerned business divisions, and provide leadership to operations and service delivery teams. He would also lead the wealth management…