Private sector lender, YES Bank has received certification for "Information Security Management System (ISO 27001)" by the British Standard's Institution (BSI).
ISO 27001:2005 certification is a standard set for establishment, implementation, monitoring and review, maintenance and improvement, or in other words the overall management and control operations of the information security related risks of a company.
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."
The bank has received the certification at a time when it is on a spree to widen its retail and SME banking operations. The bank aims to take its branch network to 250 by June 2011 and further push it to 750 by 2015.
The Bank will also set up an extensive ATM network 1,200 ATMs by 2012 and 3,000 ATMs by 2015.