Explanation:

Indias fifth largest private sector bank Yes Bank has bagged the prestigious Bank of the Year award as it plans overseas expansion.
The Banker magazines annual "Banker Bank of the Year Awards" are widely regarded as the Oscars for the banking Industry.
"In the past it has gone to large banks but for somebody like Yes Bank, which is a fairly young bank at only 11 odd years old, to win this recognition is very prestigious," said Arun Agrawal, Yes Banks Group President for International Banking & MNC Relationship, who collected the award at a ceremony .