YES Bank’s IFSC Banking Unit Records $1Billion Business

YES Bank said the balance sheet of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec (GIFT) City
recorded $1 billion for the financial year ended March 31, 2017. The bank has become the first to achieve the
$1-billion milestone at the GIFT City, said a press release from the bank. Since starting its IBU in GIFT IFSC, YES
Bank has executed multiple transactions across key sectors, including agriculture and agri-businesses,
affordable housing, media and entertainment, financial institutions, aviation, ports & logistics, manufacturing and telecom etc.