Yes Bank has successfully raised USD 200 million unsecured loan facility from the Asian Development Bank (ADB). The loan will be used by Yes Bank to lend the Indian rupee equivalent amount to finance working capital and investment loans targeted towards small farm households and rural women in self help groups (SHGs).

On the successful completion of the transaction, Rana Kapoor, managing director & CEO, Yes Bank said, ''This significant commitment from the Asian Development Bank, reiterates our focus towards responsible banking and furthering the financial inclusion agenda in our country. Yes Bank has been a pioneer in rural banking through its award winning Ys Leap and Yes Money programs and this loan from ADB will provide further acceleration as we aim to achieve our long term goals of scaling our agribusiness and SHG loan growth.''

''ADB is proud to partner with Yes Bank in promoting rural financial inclusion in India. ADB's capital investment and technical assistance will provide sustainable finance to low income women and their families. In addition to income generation via female self-help groups, the project targets small farmers to allow them to benefit from agricultural value chains and enhance their productivity through better access to markets and investment finance,'' said Todd Freeland, director general, ADB Private Sector Operations.