YES Bank Limited Disclosure under Indian Listing Regulations (4597K)

TIDM16ER

RNS Number : 4597K

YES Bank Limited

28 August 2019

August 28, 2019

 
 India International Exchange IFSC         The Singapore Exchange Securities 
  Limited                                   Trading Limited 
  101 First Floor, Hiranandani Signature    2, Shenton Way #19-00 
  Tower,                                    SGX Centre 1, Singapore 068804 
  GIFT City IFSC - 382355, Gujarat, 
  India 
 The London Stock Exchange 
  10, Patemoster Square, 
  London, EC4M 7LS

[

Dear Sirs,

   Sub.:   Disclosure under Indian Listing Regulations

In terms of Indian Listing Regulations and other applicable provisions, the Press Release on "Moody's downgrades YES BANK's Ratings" is enclosed herewith.

Kindly take note of the above.

The announcements made by the Bank can also be accessed at its website www.yesbank.in

Thanking you,

Yours faithfully,

For YES BANK LIMITED

Shivanand R. Shettigar

Group Company Secretary

Encl: As above

PRESS RELEASE

Moody's downgrades YES BANK's Ratings

Mumbai, August 28, 2019:

Please find attached the Moody's press release dated August 28, 2019 with the subject: Moody's downgrades YES BANK's ratings; outlook negative; concludes review for downgrade.

Click on the link to read Moody's Press Release on this update which also contains the rating rationale:

https://www.moodys.com/research/Moodys-downgrades-Yes-Banks-ratings-outlook-negative-concludes-review-for--PR_408074

About YES BANK

YES BANK, India's fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a 'Full Service Commercial Bank' providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank's website at https://www.yesbank.in/

For media queries, please contact:

YES BANK

Mihir Mukherjee

Email: Mihir.mukherjee1@yesbank.in

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 28, 2019 11:12 ET (15:12 GMT)

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