YES BANK Launches YES Business Initiative for MSMEs with IRIS Biz App
YES BANK Launches YES Business Initiative to Empower MSMEs
In a move to cater to the needs of the business segment, YES BANK, India’s sixth-largest private sector bank, has announced the launch of YES Business. This initiative is designed to provide a comprehensive platform for MSMEs, offering a range of banking and related services under one roof.
Inspired by the dedication and commitment of entrepreneurs in nurturing their businesses, YES Business aims to support MSMEs in managing their day-to-day operations and achieving long-term growth. Central to this launch is the IRIS Biz app, a digital interface that provides integrated solutions to simplify and strengthen business operations.
Key features of the IRIS Biz app include simple digital onboarding, integrated account management, access to beyond-banking services, merchant solutions for faster transactions, and quick access to funds through collateral-free overdrafts.
Mr. Prashant Kumar, Managing Director & Chief Executive Officer of YES BANK, expressed the bank’s commitment to redefining banking by aligning with the aspirations and challenges of businesses in India. He highlighted the importance of the MSME segment in driving the economy and emphasized that the IRIS Biz app is more than just a banking platform—it is a comprehensive business partner that caters to every need of clients.
With a strong record in serving the MSME sector, YES BANK disbursed ₹15,279 crore in loans to MSMEs in the first half of FY25, reflecting its commitment to meeting the varied needs of businesses. The launch of YES Business powered by IRIS Biz app reaffirms the bank’s dedication to delivering innovative, tech-enabled solutions that go beyond banking.
By addressing the evolving needs of MSMEs and businesses, YES BANK aims to create value and drive economic progress across the country. The launch of YES Business is a testament to the bank’s focus on empowering entrepreneurs and offering effective solutions to help them remain competitive in the market.
Overall, the initiative is set to revolutionize the way MSMEs manage their businesses and pave the way for their success in the ever-changing business landscape.
