Credit rating agency -- CRISIL has upgraded its rating on the Rs 20,000 crore certificates of deposit (CD) of Yes Bank to ‘A2+’ from 'A2'. It has reaffirmed its ‘BBB/Stable’ rating on the bank's Tier-II bonds (under Basel III) and infrastructure bonds. The upgrade in the short term rating reflects improvement in the funding and liquidity profile of the bank, with gradual increase in its deposit base as well as sizeable capital raised recently.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
