YES Bank, India’s fifth largest private sector bank, on Monday announced its international foray by opening its first overseas representative office in Abu Dhabi, UAE.
The bank has opened its door to NRI population residing in the UAE with this new representative office. "It will provide services for unique investment needs of the Indian diaspora in the Gulf city through its flagship Global Indian Banking programme,” YES Bank said in a statement.
The office will facilitate services such as NRE/NRO savings account and fixed deposits, foreign currency fixed deposit (FCNR), portfolio investment scheme (PIS) to transact in the Indian secondary market and YES First wealth management programme.
The bank is keen to expand in some of the key international financial markets to serve the large sections of NRI population, the bank statement added.