Yes Bank signs MoU with Swiss investment advisory firm
Our Banking Bureau
05 March 2005
Managing partner of BTS Investment Advisors, Alois Flatz said, "The sustainable finance niche in India is an untapped, yet potentially tremendously rewarding opportunity and the time is right to build up socially responsible and sustainable investing (SRSI). With a strong partner like Yes Bank, BTS looks forward to creating new benchmarks and best practices in sustainable finance and investment."
Yes Bank has established a dedicated development and knowledge banking (DKB) team with strong relationships, domain expertise and experience in SRSI, sustainability and CSR. Yes Bank MD and CEO Rana Kapoor described it as a significant milestone in establishing his bank as a high quality, knowledge driven organisation.
"The growing importance of environmental and social issues in investment means that banks need to develop a portfolio of services that reflect new market realities such as those presented by the Kyoto Protocol and carbon credits," he said. "This is an exceptional opportunity to build organisational and sectoral competitiveness through structured sustainable finance and advisory investment solutions."
Yes Bank has commenced operations from its Nehru Centre corporate headquarters in Mumbai, and aspires to be a leading financial player with a focused approach. It is targeting wholesale banking, financial markets, corporate and transactional banking, retail and private banking business lines across the country.