YES BANK awarded ISO 27001:2005 Certification

YES BANK, India's new age private sector Bank has now been certified for its “Information Security Management System (ISO 27001)” by the British Standard’s Institution (BSI). This certification follows the ISO 10002:2004 certification for Complaints Management recently received by the Bank in August 2010, which was the First in India and the Third in the global banking Industry (Certified by BSI).

The ISO 27001:2005 certification provides the standards for establishment, implementation, monitoring and review, maintenance and improvement, and an overall management and control framework for managing an organization’s information security risks. The Information Security Management process is a part of the overall Risk Management processes of the Bank.

This certification marks yet another milestone in YES BANK’s journey of Business Excellence, towards continuously benchmarking against global Best Practices in Risk Management, and to achieve its vision of being the Best Quality Bank of the World in India.

Speaking on the occasion, Mr. Rana Kapoor, Founder / Managing Director & CEO, YES BANK, said, “It is indeed a privilege to receive the ISO 27001:2005 Information Security Management System certification, which is a highly recognized trust mark for the highest levels of internal controls towards information security management, business continuity and disaster recovery. Information Security is an integral part of the overall Risk Management Framework at YES BANK. Through this certification, YES BANK has taken a step forward towards its vision and strategy to establish the highest standards of Corporate Governance, benchmarked with global best practices, ensuring that the organization is managed and monitored in a responsible manner.”

This certification comes to YES BANK at a time when the Bank is accelerating its Retail Banking and SME operations. YES BANK will be significantly focusing on its plans to increase the branch count to 250 branches by June 2011, and 750 branches by 2015. Along with the expansion of branches, the Bank will also set up an extensive ATM network 1,200 ATMs by 2012 and 3,000 ATMs by 2015.