DEBT CAPITAL MARKETS Advantage Debt Capital Markets @ YES

§ Integrated approach of end to end Origination to Distribution resulting in efficient execution of mandates § Deep knowledge of the underlying market dynamics and strong structuring capabilities § Leveraging a strong in-house INR rates research team; supplemented by comprehensive coverage of Corporates through pro- active relationship teams § Ability to originate transactions for a wide range of issuers, across various sectors including Automobiles, Cement, Fertilizers, Infrastructure, Pharmaceuticals, Power and Retail etc § Superior Distribution Capabilities with strong relationships across various investor categories including , Financial Institutions, Mutual Funds, Insurance Companies, Non Banking Finance Companies, Provident & Funds, Foreign Portfolio Investors and Private Wealth Managers

40.0% ’s outperformance vis-à-vis market

35.0% Banks Mutual/ 30.0% Funds 25.0% Insurance Indian Pvt. & PSU Companies INVESTORS 20.0% Corporates 15.0% YES BANK PensionProvident/ Funds

10.0% ISSUERS Non Banking Product Suite Finance Cos. Securitisation

5.0% Preference Shares Foreign Portfolio INR Bond Underwriting/ Syndication Investors 0.0% Financial Investment Advisory & Value Added Offerings Total issuance volume Pvt sector issuance volume Institutions

Market YBL Domestic PSUs Emerging Business Houses Entrepreneurs CAGR over the last five years of the total market issuance volume and YES BANK’s origination volume RELATIONSHIPS

Corporate Bond issuance volumes in the market 400,000 Debt Capital Markets @ YES BANK 350,000 300,000 250,000 Corporate Bond Market Landscape 200,000 § Increasing trend of Indian Corporates accessing the INR 150,000 denominated bond market 100,000 § Corporate Bond Issuance as a % of Incremental Non Food 50,000 Credit extended by Banks increased from 36% in FY2010 to 0 62% in FY2015 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Market issuance Pvt sector issuance

Source: PRIME Database; issuance volume in INR crores Debt Capital Markets @ YES BANK and Market Developmental Role Steady growth in Origination volumes & improving market share by YES BANK across years § Emerged as a leading and buoyant Debt Capital Market 120,000 35.0% franchise over the last 10 years 100,000 30.0% § Introduced many first time issuers to the INR bond market 25.0% 80,000 § One of the few active market makers in the domestic market 20.0% 60,000 § Active role in devising Corporate Bond trading platform 15.0% 40,000 § Representation on the Board of Fixed Income Money Market 10.0% 20,000 and Derivatives Association (FIMMDA) for 7 years in the past 5.0% § Active contributor to various decisions related to 0 0.0% development of corporate bond market in FY2010 FY2011 FY2012 FY2013 FY2014 FY2015

YBL origination volume (INR crores) Market share 41 First Time Issuers YES BANK guides Issuers through the entire issue related documentation, relevant regulatory guidelines, introduces the Issuer to capital market investors by way of one-on-one meetings with large investors, interfaces and liaises with all external counterparties involved to ensure meeting of issue timelines and successful closure of the Issue

Reliance L&T Metro Rail Suraksha Realty Arvind Lifestyle Hyderabad Ltd Innoventures Pvt Aditya Birla Retail L&T Vrindavan Hypercity Retail Ltd. Ltd. Brands Ltd. Sole Arranger Ltd. Properties Ltd. (India) Ltd. Sole Arranger Sole Arranger Sole Arranger INR 2.50 Bn Sole Arranger Sole Arranger Sole Arranger INR 0.50 Bn 20 yr with 10 yr INR 3.50 Bn INR 0.75 Bn INR 5.00 Bn INR 2.00 Bn INR 0.50 Bn 2 Year NCDs (Backed PUT/ CALL option Backed by Share 3 yr Bond Issue 3 yr Bond Issue 3 yr Bond Issue 3/4/5 Yr Bond Issue Bond Issue pledge by Share pledge) 2015 2015 2015 2014 2014 2014 2014

Raymond Ltd. Hero Fincorp Mahindra Vehicles Oriental Hotels Tata Sky Ltd. HPCL-Mittal Intas Pharmaceuticals Ltd. Sole Arranger Ltd. Manufacturers Ltd. Ltd. Sole Arranger Pipelines Ltd. Sole Arranger INR 1.60 Bn Joint Arranger Joint Arranger INR 1.00 Bn Joint Arranger Sole Arranger INR 1.05 Bn INR 0.50 Bn 5 year with 3 Yr INR 12.75 Bn 3Yr Bond Issue INR 8.00 Bn INR 1.00 Bn Put/Call Bond 10Yr Bond Issue 5 year with 3 yr 3Yr Bond Issue 2013 3/4/5Yr Bond Issue 3Yr Bond Issue Issue 2012 Put/Call Bond Issue 2012 2012 2012 2012 2009

Repeat Mandates YES BANK has been mandated for repeat issuances by many pedigree issuers owing to the quick turn around time, better price discovery and effective handling of past issuances in the secondary market

PVR Ltd. Talwandi Sabo Reliance Broadcast United Sterlite Tata Tata Teleservices L&T Seawood Raymond Mahindra Finance Power Ltd. Network Ltd. Phosphorus Ltd. Industries Ltd. Motors Ltd. Ltd. Pvt Ltd. Ltd. Services Ltd.

IL&FS Prism Intas Tata Hero Tata Deepak Reliance Ports & Ltd. Birla Grasim Transportation Cement Pharmaceuticals Ltd. Steel Ltd. Fincorp Ltd. Power Ltd. Fertiliser Terminals Ltd. Corporation Ltd. Industries Ltd.

Milestone Transactions

Mahindra & Mahindra Ltd. Reliance Utilities & Power Reliance Ports & Ltd. INR 5.00 Bn Pvt. Ltd. Terminals Ltd. INR 15.00 Bn ‘AA+’ 50 Yr Unsecured Bond INR 20.00 Bn INR 25.00 Bn ‘AA’ Perpetual Unsecured Issue ‘AAA’ 10 Yr Secured Bond Issue ‘AAA’ 10 Yr Secured Bond Issue Subordinate Debt Issue Sole Arranger Sole Arranger Sole Arranger Joint Arranger July 2013 April 2013 July 2011 June 2011

Longest tenor senior, bullet Single largest Long Tenor Issuance Single largest Issuance at the time of First ever perpetual bond issuance maturity debt issuance ever in the by a private ltd. company, solely Issue by a private sector Issuer, to be accorded 50% equity credit history of Indian Capital Markets underwritten by a single bank solely underwritten by a single Bank by the credit rating agency

42 Public Sector Corporates

Rural Electrification NTPC Ltd. Power Finance IREDA Ltd. PNB Housing NABARD HUDCO Corporation Ltd. Corporation Ltd. Finance Ltd

NHPC Ltd. CPCL Power Grid India Infrastructure IFCI Ltd. SAIL Indian Railway EXIM Bank Corporation Finance Company Ltd. Finance Corporation Ltd. of India Ltd.

Gail Airports Authority TNPL National SIDBI National Capital Region NPCIL of India Housing Bank Planning Board

Public Sector Banks

Bank of Baroda

Vijaya Bank IDBI Bank Oriental Bank of Commerce

Bank of India United of India

Repeat Mandates

Raymond Ltd. Reliance Broadcast PVR Limited TATA Power Company Ltd. Talwandi Sabo Power Ltd. Year :2015 Network Ltd. Year : 2014 INR 1.00 Bn; 3 Yr Bond Issue Year : 2015 Joint Arranger INR 15 Bn Year : 2014 Year : 2014 Year : 2015 INR 0.75 Bn; 3.5 Yr Bond Issue Sole Arranger INR 0.5 Bn 3/5 year Bond Issue Sole Arranger INR 3.0 Bn Year : 2013 Sole Arranger INR 1.50 Bn 6/7 Year Bond Issue Year : 2012 2/3 Year Bond Issue INR 1 Bn; 3 Yr Bond Issue 3/4/5 year Bond Issue Sole Arranger INR 15 Bn INR 0.3 Bn; 2 Yr Bond Issue Year : 2014 60 year Subordinate Bond Issue Sole Arranger INR 2.0 Bn INR 0.35 Bn; 3 Yr Bond Issue Year : 2012 Sole Arranger INR 1.0 Bn Year : 2011 3 Year Bond Issue Year : 2012 5/6/7 Year Bond Issue Joint Arranger INR 15 Bn INR 1 Bn; 3 Yr Bond Issue Sole Arranger INR 1.50 Bn INR 0.75 Bn; 2 Yr Bond Issue 3 Year Bond Issue Perpetual Bond Issue

Ports and Terminals Limited

Hero Fincorp Ltd. IL&FS Transportation Sterlite Industries Ltd. Reliance Ports & Ltd. Networks Ltd. Year : 2013 Terminals Ltd. Year : 2013 Joint Arranger INR 25.00 Bn Year : 2013 Sole Arranger INR 1.0 Bn Year : 2013 10 yr with 5 yr Put/Call Bond Issue Year : 2013 Sole Arranger INR 3.00 Bn Sole Arranger INR 7.50 Bn 2yr Bond Issue 3 Year Bond Issue Joint Arranger INR 2.53 Bn Joint Arranger INR 40.00 Bn 10 yr with 5 yr Put/Call Bond Issue 10yr Bond Issue 3.5 year & 5 year Preference Year : 2012 Year : 2010 Year : 2012 Share Issue Sole Arranger INR 5.00 Bn Year : 2012 Sole Arranger INR 1.00 Bn Sole Arranger INR 0.5 Bn 10 yr with 5 yr Put/Call Bond Issue Sole Arranger INR 25.00 Bn 10yr Bond Issue 3 Year Bond Issue Joint Arranger INR 6.0 Bn Sole Arranger INR 5.00 Bn 10yr Bond Issue Sole Arranger INR 1.50 Bn 6 year Bond Issue 10 yr with 5 yr Put/Call Bond Issue 10yr Bond Issue

43 Repeat Mandates

United Phosphorus Ltd. L&T Seawoods Pvt. Ltd TATA Teleservices Ltd. Year : 2012 Intas Pharmaceuticals Ltd. Ltd. Sole Arranger INR 3.00 Bn Year : 2013 Year : 2013 7 & 10 yr Bond Issue Year : 2013 Year : 2012 Sole Arranger INR 2.50 Bn Sole Arranger INR 5.00 Bn Year : 2011 Joint Arranger INR 0.90 Bn Joint Arranger INR 15.00 Bn 3.5yr Bond Issue 3/4/5 yr Bond Issue Sole Arranger INR 2.50 Bn 3yr Bond Issue 10yr Bond Issue 15 yr with 10 yr call Bond Issue Year : 2012 Year : 2010 Year : 2010 Year : 2009 Sole Arranger INR 10.00 Bn Sole Arranger INR 1.00 Bn Sole Arranger INR 5.00 Bn Sole Arranger INR 3.00 Bn Joint Arranger INR 1.05 Bn 6 & 8yr Bond Issue 2.5yr Bond Issue 15 yr with 10 yr Call Bond Issue 8/9/11/12 year Bond Issue 3yr Bond Issue Sole Arranger INR 5.00 Bn 7 /10 yr with 5/7 yr call Bond Issue

Prism Cement Ltd. Trent Ltd. Birla Corporation Ltd. Deepak Fertilisers & Ltd. Petrochemicals Corp. Ltd. Year : 2011 Year : 2010 Year : 2010 Year : 2009 Sole Arranger INR 1.25 Bn Sole Arranger INR 0.75 Bn Joint Arranger INR 1.20 Bn Year : 2010 Sole Arranger INR 2.00 Bn 2 & 3 yr Bond Issue 7 yr Bond Issue 7 yr Bond Issue Sole Arranger INR 0.50 Bn 7 yr with 5 yr Put/Call Bond Issue Sole Arranger INR 1.00 Bn Year : 2009 Sole Arranger INR 1.00 Bn 5 yr Bond Issue 2,3 & 4 yr Bond Issue Sole Arranger INR 0.50 Bn Year : 2008 Sole Arranger INR 0.50 Bn 5 yr Bond Issue 3 yr Bond Issue Sole Arranger INR 2.00 Bn 2 yr Bond Issue Year : 2010 Year : 2009 7 yr with 5 yr Put/Call Bond Issue Sole Arranger INR 0.50 Bn Year : 2008 Sole Arranger INR 1.00 Bn Sole Arranger INR 1.00 Bn 3,4 & 5 yr Bond Issue Sole Arranger INR 1.00 Bn 3/4/5 yr Bond Issue 7 yr with 5 yr Put/Call Bond Issue 13 & 26 month Bond Issue

Private Sector Mandates

L&T Metro Rail Arvind Lifestyle Brands Hyderabad Ltd Tata Teleservices Nabha Power Ltd. Kudgi Transmission Ltd. Ltd. Sole Arranger () Ltd. Sole Arranger Sole Arranger Sole Arranger INR 2.50 Bn Sole Arranger INR 1.57 Bn INR 1.28 Bn INR 0.75 Bn INR 7.50 Bn 18 yr with 3 yr PUT/CALL 20 yr with 10 yr PUT/CALL 2/3 yr Bond Issue 3/4/5 Yr Bond Issue option Bond Issue 3/4/5 yr Bond Issue Bond Issue 2015 2015 2015 2015 2015

Ultratech Cement Ltd. JSW Steel Ltd. Aditya Birla Retail Ltd. Reliance Innoventures Suraksha Realty Ltd. Sole Arranger Joint Arranger Sole Arranger Pvt. Ltd. Sole Arranger Sole Arranger INR 2.00 Bn INR 10.00 Bn INR 5.00 Bn INR 0.50 Bn 3 year Bond Issue INR 3.50 Bn 2 year NCDs (Backed by 2015 3/4/5 yr Bond Issue 3 year Bond Issue Backed by Share pledge Share pledge) 2014 2014 2014 2014

Jio Infocomm Hypercity Retail (India) L&T Vrindavan Reliance Jio Infocomm Reliance Utilities & Tube Investments of Ltd. Properties Ltd. Ltd. Power Pvt. Ltd India Ltd. Sole Arranger Sole Arranger Sole Arranger Sole Arranger Sole Arranger INR 0.50 Bn INR 2.00 Bn INR 5.00 Bn INR 20.00 Bn INR 1.50 Bn 3 year Bond Issue 3 year Bond Issue 5 yr Bond Issue 10yr Bond Issue 3yr Bond Issue 2014 2014 2014 2013 2013

4 Private Sector Mandates

Mahindra & Mahindra Aditya Birla Nuvo Ltd. Pantaloons Fashion & Tata Teleservices Ltd. Indian Hotels Ltd. Ltd. Sole Arranger Retail Ltd Sole Arranger Joint Arranger Sole Arranger INR 2.00 Bn Sole Arranger INR 5.00 Bn INR 2.00 Bn INR 5.00 Bn INR 1.00 Bn 3/4/5yr Bonds 5yr Bond Issue 10yr Bond Issue 50yr Bond Issue 5yr Bond Issue 2013 2012 2013 2013 2013

L&T Seawood Pvt Ltd. Tata Sons Limited Trent Hypermarket Godrej Consumer Hindalco Ltd. Sole Arranger Sole Arranger Ltd. Products Limited Sole Arranger INR 2.50 Bn INR 2.50 Bn of 5 yr Sole Arranger SoleArranger INR 15.00 Bn 3yr & 6 months Bond Bond Issue INR 0.75 Bn of 5 yr INR 0.50 Bn 10yr Bond Issue Issue 2012 Bond Issue 18 Months Bond Issue 2012 2012 2012 2012

HPCL-Mittal Pipelines Tata Sky Ltd Oriental Hotels Ltd. Reliance Infrastructure Ltd. Ltd Sole Arranger Sole Arranger Ltd. Sole Arranger Joint Arranger INR 1.60 Bn INR 1.00 Bn Sole Arranger INR 0.25 Bn INR 12.75 Bn 5yr with 3 yr Put/Call 3yr Bond Issue INR 3.65 Bn 5yr Bond Issue 10yr Bond Issue Bond Issue 2012 4/5/6 Bond Issue 2012 2012 2012 2012

Reliance Gas EID Parry Ltd. MRF Limited Transportation & Infra. ETHL Communications BILT Graphic Paper Sole Arranger Joint Arranger Ltd. Holdings Ltd. Products INR 0.40 Bn INR 5.00 bn Joint Arranger Sole Arranger Sole Arranger 3yr Bond Issue 8/9/10 yr INR 25.00 Bn INR 7.25 Bn INR 2.50 Bn 2/3/4/5/7 yr 2011 Bond Issue 10yr Bond Issue Secured Bond Issue Bond Issue 2011 2011 2011 2010 GREEN JK Lakshmi Cement Ballarpur Industries Ltd. Tata Global Beverages Alembic Ltd. HEG Ltd. INFRASTRUCTURE Sole Arranger Sole Arranger Ltd. Sole Arranger Sole Arranger INR 2.50 Bn 2/3/4/5 yr INR 2.00 Bn Sole Arranger INR 0.25 Bn INR 1.00 Bn Bond Issue 4/5/6/7/8/9/10 yr INR 3.25 Bn of 3 yr 3yr Bond Issue 2/3 yr BOND 2010 Bond Issue Bond Issue 2009 Bond Issue 2010 2010 2009

Electrosteel Casting Larsen & Toubro ACC Ltd. Ltd. Sole Arranger Sole Arranger Sole Arranger INR 2.50 Bn of INR 2.00 Bn of INR 1.00 Bn of 3yr Bond Issue 5yr Bond Issue 5yr Bond Issue 2009 2008 2009

45 NBFCs & Financial Institutions

L&T Finance Ltd. Mahindra Rural L&T Infra Fullerton India Can Fin Industrial Finance Housing Finance Ltd. Debt Fund Ltd. Credit Co. Ltd. Homes Ltd. Corporation of India

Mahindra & Mahindra Larsen & Toubro Tata Capital Housing Sundaram BNP Paribas Ltd. Infrastructure Finance Ltd. Finance Ltd. Ltd. Home Finance Ltd.

Cholamandalam Housing Tata Motors Investment and HDFC Ltd. IDFC Ltd. Hero Fincorp Ltd. Finance Company Ltd. Finance Ltd Finance Ltd.

LIC Housing Sundaram Reliance Capital Ltd. Srei Infrastructure Finance Ltd. IL&FS Ltd. TATA Capital Finance Ltd. Finance Ltd. Financial Services Ltd.

YES BANK adjudged India Bond House for the Year 2013 by IFR Asia

“YES BANK did more than its peers to bring new and lower-rated borrowers to the Indian bond market in 2013, keeping up efforts to deepen the country's capital markets even amid extreme volatility.” - IFR Asia review of the year 2013, by Thomson Reuters

YES BANK GREENGREEN successfully issued INFRASTRUCTUREINFRASTRUCTURE and placed the BONDBOND by an Indian company Year : 2015|| Sole Arranger: YES BANK| INR 10 Bn 10 year Bond Issue

League Table Rankings

§ Ranked among Top 2 by Prime Database in the “Private Issuers Category” of the Arrangers tables for FY2012, FY2013 and FY2014 § Ranked among Top 5 by Bloomberg in the India Domestic Bonds underwriting league tables for CY2012, CY2013 and CY2014 § Ranked No. 6 by Prime Database for FY2015 in the all issuers category

46 ACHIEVINGACHIEVING INSTITUTIONALINSTITUTIONAL EXCELLENCE EXCELLENCE

ROBUST FINEST FINANCIAL SERVICE HUMAN PERFORMANCE CAPITAL EXCELLENCE

KNOWLEDGE RESPONSIBLE BANKING BANKING

WORLD-CLASS TRUST AND BRANCH TRANSPARENCY INFRASTRUCTURE

700 Branches Pan India| 1,300 ATMs Registered Office: Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, - 400018. India. www.yesbank.in For any queries, please contact:[email protected] , +91 22 3372 9013, +91 22 3372 9078

Sep 2015