#YES BANK brings Nationwide Social Filmmaking Challenge

YES! i am the CHANGE is a nation-wide movement to inspire, engage and empower youth to make 5 minute social films. It provides transformative experiences which enable youth to become agents of change while creating invaluable communication resources for Not-for-Profits (NGOs). Registrations are currently underway for YES! i am the CHANGE 101-Hour National Filmmaking Challenge. The winners selected by an eminent jury would be awarded a total grant of Rs 25 (twenty-five) lakhs to make a film on a social cause. The best films produced through this program would also be screened CNN-IBN Citizen Journalist, across national and international platforms to sensitise youth on social issues.

Commenting on the program, Mr. Rana Kapoor, Chief Mentor, YES FOUNDATION said, “We firmly believe in the tremendous power of the youth and their significant role in India’s social transformation. YES! i am the CHANGE nurtures and harnesses youth power synergized with the reach of media, as a positive force of social change to enable inclusive development of the nation.”

 “YES! I am the CHANGE, lends strength to voices less heard and enables youth engagement with social issues. The films form an open repository of communication resources for use of Not-for-Profits to further social causes” said Ms. Prerana Langa, CEO, YES FOUNDATION

Eminent personalities like Vikramaditya Motwane, (Director, Udaan & Lootera) Shoojit  Sircar (Director, Vicky Donor), Pritish Nandy (Renowned Film Producer, Journalist & Poet), Guneet Monga (Producer of Gangs of Wasseypur & The Lunch Box), Kailash Surendranath (Veteran Ad Filmmaker), Nina Lath (Managing Director, National Film Development Corporation), and Dr. Nagesh Rao (President and Director, MICA) are on the jury and will select India’s new Change Makers and best films. They will also be mentoring and guiding the filmmakers.

Interested youth from across the country can register online at www.yesfoundation.in. There are no charges or fees for registration. Last date for registration is August 7, 2014.

#YES Bank -#Madhu Kapur battle hots up before June 14 AGM

Madhu Kapur the widow of YES Bank co-founder Ashok Kapur, has appealed to the bank's shareholders to vote against most resolutions to be placed at the lender's annual general meeting on June 14."It is important to first clarify that as the second-largest shareholder of the bank, I do not desire the functioning of the bank to be disrupted in any manner whatsoever. Therefore, I recommend you to pass the accounts but limit myself to requesting you to vote against resolution numbers four, five, six, seven, eight, nine, and 10, which I believe are not in the interest of the bank or its shareholders, and resolution number 11, which is in breach of the articles and the rights of late Ashok Kapur's family," according to the letter by her to shareholders.


YES Bank's response:

The Bank has come to know from certain media sources that Mrs. Madhu Kapur, a shareholder, has made certain baseless and untenable allegations against the Bank, its key management and Board of Directors, by way of a letter to some shareholders of the Bank. Similar allegations were also made by Mrs. Madhu Kapur before the Hon'ble Bombay High Court in June 2013 and the Bank has strongly contested the same, in accordance with law. The Bank believes that its stand/position before the Hon’ble Bombay High Court will be vindicated in the said proceedings. However, as the said shareholder has made incorrect and defamatory statements, the Bank has, without prejudice to its rights, set out the below response, to provide the shareholders' of the Bank a fair and correct picture about compliance and corporate and management governance at the Bank.
1. The Bank has always acted in a manner, which is in accordance with law and has upheld the principles of corporate and management governance. The subject matter in consideration at the AGM has been finalized in a transparent and legally compliant manner. Accordingly, upon requests received from certain shareholders suggesting names for the appointment of directors and finding them "fit and proper", as per the Reserve Bank of India (RBI) guidelines and the Banking Regulation Act, 1949 (BRA), the Bank has recommended their names at the AGM. Adequate and transparent disclosures have been made about the same in the AGM notice.
2. A close reading of the AGM Notice would unequivocally establish that the Board of Directors and management consist of competent and professional individuals who enjoy stellar reputation and standing. The credentials of the names put up for directorship are set out in the AGM Notice. This shows that the Bank is run in a professional manner.
3. The performance of the Bank as reflected in the Annual Report for FY 2013-2014 (including the preceding 9 years) establishes the consistent growth, phenomenal increase in wealth creation and net worth, despite adverse economic and corporate environment prevailing during the period. All this goes on to show the effectiveness of the Board and the Bank’s management in providing exceptional returns unprecedented by any private sector bank in 10 years of financial performance since its inception in 2004. The business and financial results of the Bank speak for itself and for the efforts of the management including the MD&CEO, and the Board of Directors. The Bank has consistently shared the wealth in the form of dividends with the shareholders over the last five years, when it started giving dividends.
4. In the process, the current valuation of Mrs. Madhu Kapur's shareholding of approx 4.3 Crore shares, which she inherited from Late Mr. Ashok Kapur is worth approximately Rs 2730 Crores (as against an initial investment of Rs 52 Cr in 2004).
The current share price of Rs 581 (valuing the 4.3 Cr shares at approximately Rs 2500 Cr) is almost 9.5 times of the share price of Rs 60 (valuing the 4.3 Cr shares at Rs 258 Crores) which was prevailing at the time of Mr. Ashok Kapur's demise over 5.5years ago.
Once the valued shareholders approve the Board recommended dividend of Rs. 8 per share, Mrs. Madhu Kapur would be receiving another Rs. 34 crores of tax free dividend in the present year, thereby her aggregate returns from dividend alone would be Rs 100 crores during the period.

#YES BANK signs multi-year deal with Indian Golf Union to promote Junior talent

With an aim to promote Golf among youngsters, YES BANK, India's fourth largest private sector Bank, signed a multi-year deal with the Indian Golf Union (IGU) Junior Tour for 3 years commencing with the 2014 season. The tour comprises 11 tournaments including 4-zonals (North, South, East and South) and a final. Over 250 junior golfers from across the country will compete in the tournament to represent India in the national Junior squad.

In the zonal tournament played at Eagleton Golf Course, Bengaluru, over 50 young Golfers between the age of 13-17 years competed for the last five days. In the finals played today, Viraj Madappa emerged winner after having scored 286 in a closely contested tournament. The second place went to Arjun Prasad who had a score of 287 at the end of 5 days of play. The tournament has already completed a total of four legs in Gurgaon, Jaipur, Chandigarh and Coimbatore. The final tournament will be played in Bangalore in November 2014.

Rana Kapoor, Managing Director & CEO, YES BANK said: “Golf in India today is largely a youth driven sport, and while the IGU, India’s apex golf body, has spearheaded promotion and development of the sport since 1955, golf still finds itself in a nascent stage in India, compared to neighboring Asian countries like Thailand and Malaysia. The last few years have seen a surge in development of golf infrastructure, trained caddies and support staff, professional coaches and facilities in India, under the aegis of IGU. Although there has been substantial corporate sponsorship and media build up in recent years, golf in India still offers extensive untapped opportunities”.

YES BANK & TATA SKY Join Hands to Offer first ever DTH Recharge Facility through ATMs

YES BANK, India’s fourth largest private sector Bank and Tata Sky, the leading direct-to-home service provider in the country have joined hands to introduce the convenience of ATM based recharge/top up facility for their customers across the country. YES BANK customers, holding a Tata Sky connection, can now walk into any YES BANK ATM and recharge their TATA SKY account, hassle free on a real time basis.

Commenting on the offering, Chitra Pandeya, Senior President & Country Head, Liabilities, Cards & Direct Banking, YES BANK said, “This is a result of our ever endearing efforts to offer superlative ‘consumer convenience’ across the board. And it gives us immense pleasure to find like minded partners, to work closely towards jointly achieving a platform aimed at ‘Customer Delight’. With a network of over 1100+ ATMs pan India, we are confident that YES BANK customers will find this facility immensely useful.”

Vikram Mehra, Chief Commercial Officer, Tata Sky commenting on the tie up said, “We are proud to be associated with Yes Bank, known for its customer service centricity for this offering. Tata Sky has constantly endeavored to customize its bouquet of product and services for its evolving subscriber base. With the advancement of technology; the option of instant ATM based recharge facility will help reach out to subscribers spread across the country. Using the wide spread network of the bank along with other touch points, Tata Sky looks forward to increasing convenient modes of payments in the future.”

Tata Sky is the first DTH player in India to introduce international standards of recharge, apart from the existing options of retailers, online, call center, mobile app, WAP and SMS recharge.

YES BANK has a widespread network of 1100+ ATMs across the country which offer a host of value added services such as prepaid mobile recharge, statement request, cheque book request as well as fund transfers. Earlier this year, YES BANK had introduced booking of Fixed Deposits at its ATM kiosks as well so as to facilitate additional features for customer convenience. Customers could book FD’s of up to Rs 49,999/- for a maximum tenure of 12 months across YES BANK ATMs. Additionally, the Bank has also recently introduced a gamut of innovative ‘Consumer Convenience’ services to enhance its customer engagement experience, including online account opening facility, online goal based RD, multi-currency travel cards, Dynamic Currency Conversion on ATMs, inter-bank auto credit facility and Video Chat Facility out of select ATM’s amongst others.

About YES BANK LIMITED

YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the vision of “Building the Best Quality Bank of the World in India” by 2015.

About TATA SKY

Tata Sky is a JV between the TATA Group and STAR. The company has invested in state-of-the-art digital infrastructure, partnered with global leaders to provide superior technology and set-up high-end 24x7 call centers across the country manned by multi-lingual customer service associates. Launched in 2006, Tata Sky was the first DTH Company to launch interactive services customized for the Indian market, from education services for the young, hi-end games across specialized genres to cooking recipes-on-demand, 24x7 darshan of leading temples & religious destination on TV and English speaking lessons for housewives.

The Tata Sky brand has achieved significant milestones, industry accolades and is rated as the No 1 DTH brand by the ET Brand Equity 2012 most trusted brand survey. Recently Tata Sky+ HD has been rated as the 'Product of the Year', 2013 in the DTH category. The company has a presence in over 19,000 towns with a subscriber base of over 11.5 million connections as on April’13.

For more information on Tata Sky, visit www.tatasky.com

EduKart Organized its First Networking Meet

EduKart, India’s leading Distance Learning cum Online Education company, conducted its first Networking meet on Sunday, 25th at The Lalit Hotel, Mumbai. The gathering was witnessed by eminent panelists including Mr. Aditya Patil - Vice President, HSBC Bank; Mr. Pratik Joshi - Corporate Banker, Yes Bank; Mr. Vivek Ram, TCS who shared their experiences and learning from industries with the candidates. The meet was exclusively for the students and alumni of Edukart.

The topic of the meet was Career Opportunities across Industries. The discussion was moderated by Mr. Ishan Gupta, CEO, EduKart and the panelists were asked to share insights on various topics like their industry, their work experiences about their Industry, networking tips to name a few. The panelists acquainted the participants about what do the recruiters look for while conducting an interview. The panelists also shared tips with the participants on changing industry and function.

“Networking is important as it gives a chance to meet people across the industry. Networking proves important in exchange of ideas. Many a times you get to meet people who might add value to your ideas, it may provide you opportunity to meet prospective investors, partners etc.” said one of the panelist.

Candidates from cities like Pune and Indore travelled all the way to Mumbai to participate in the event and showed great enthusiasm as they got to ask questions from industry experts directly. Questions like “Mention of frequent change in job affects?” and "How important is practical training if a person is joining same profile in different vertical" were raised to which Panelists reverted with realistic and practical answers.

“These events are a real good initiative to bring industries’ experts’ guidance to us and it gives us a chance to network”, said a participant Devesh Shah, Student of Digital Marketing from EduKart who found the event very interactive. Sukriti, another participant, who is pursuing Executive MBA with EduKart, said that she would look forward to such events in future.

The Q&A session lasted more than 40 minutes where panelists answer the candidates’ queries after which everyone proceeded to mingling with one another and have a chance to talk and network.

“Students who pursue distance cum online courses do not often have such opportunities. At EduKart, we want to give our students every single opportunity that a regular student gets”, said Mr. Ishan Gupta, CEO, EduKart. He also told that these events would happen frequently at EduKart and would soon be organized at Delhi and Bangalore.

To pursue Distance Learning cum Online Education with EduKart, Visit Edukart.com

About EduKart

EduKart was founded in 2011, by alumni of Stanford University, the Indian Institute of Management (IIM) and the University of Delhi. The founding team is immensely passionate about delivering high quality education and believes that EduKart would create a difference in the lives of those who aspire to move ahead in their careers. The team members not only have prior experience of starting education companies, but have also worked in companies like Facebook, Bank of America, Educomp and One97 Communications Ltd.