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Yes Bank inks MoU with BEE for scaling up Energy Efficiency investments in India

16 May 2017 Evaluate

Yes Bank, India’s fourth largest private sector bank, has signed MoU with Bureau of Energy Efficiency (BEE) to become the Participating Financial Institution (PFI) to avail the risk guarantee under the Partial Risk Guarantee fund for Energy Efficiency (PRGFEE). The PRGFEE is a risk sharing mechanism that provides Yes Bank with a partial coverage of risk involved in extending loans for Energy Efficiency projects with an objective of scaling-up Energy Efficiency investments in India.

The Bank has posted a rise of 30.20% in its net profit at Rs 914.12 crore for the quarter ended March 31, 2017 as compared to Rs 702.11 crore for the same quarter in the previous year. Total income of the Bank increased by 29.44% at Rs 5606.38 crore for quarter under review as compared to Rs 4331.11 crore for the quarter ended March 31, 2016.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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