New Delhi, January 10, 2014: YES BANK, India's fourth largest private sector Bank, and TERI BCSD, an independent CEO-led industry body mainstreaming sustainability in business, signed a Memorandum of Understanding (MoU) to accelerate momentum for sustainable development, environmental management, social responsibility and sustained economic performance, among Indian corporates. This MoU comes at an opportune time when Corporate India is about to begin a structured journey towards CSR and Sustainable Development. Some highlights of the MoU include initiatives towards Natural Capital which India would be discussing at the 40th G8 summit in June 2014.

This MoU is an enabler for YES BANK to work with the BFSI sector on responsible finance, financial inclusion especially focussing on Agri, MSME and Tourism sectors. Both TERI BCSD and YES BANK believe that research plays an important role in policy making, evolving strategic approaches and innovative mechanism to fuel economic growth. The MoU strategically includes this as a critical step towards overall development of India.

Speaking on the occasion, Mr Rana Kapoor, Managing Director and CEO, YES BANK said "I firmly believe that such collaboration is a response to the rising need for holistic sustainable development in the nation. This MoU is a beginning of an enriching relationship which would facilitate Climate Change mitigation and Natural Capital conservation. YES BANK has been the sustainability torch bearer within the BFSI. I am sure this initiative with TERI BCSD would enable us influence a sustainable behaviour and create value for our stakeholders."

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