Private lender Yes Bank, as part of its CSR activity, today signed a memorandum of understanding with TERI BCSD to promote sustainable development in the country.
" ... Signed a Memorandum of Understanding (MoU) with TERI BCSD (Business Council for Sustainable Development) to accelerate momentum for sustainable development, environmental management, social responsibility and sustained economic performance, among Indian corporates," Yes Bank said in a release issued today.
The MoU will enable Yes Bank to work with BFSI (Banking, Financial Services and Insurance) sector on responsible finance, financial inclusion, especially focusing on agri, MSME and tourism sectors.
"This MoU is a beginning of an enriching relationship which would facilitate climate change mitigation and natural capital conservation," Yes Bank Managing Director and CEO Rana Kapoor said in the release.
TERI Director General R K Pachauri said the institute's research capabilities in the field of sustainable development will support Yes Bank's commitment towards responsible banking.
"This MoU is the start of an enriching partnership between TERI BCSD and Yes Bank. We look forward to engaging with Yes Bank in this collaborative relationship towards ensuring sustainable resource use," he added.
