YES BANK has launched YES Business, to meet the needs of businesses. The platform brings banking and related services for MSMEs together in one place. It provides tools and resources to help businesses manage their operations and plan for long-term goals.

The main feature of this service is IRIS Biz by YES BANK (IRIS Biz), a digital platform that offers integrated solutions to simplify business processes. It combines core banking services with other features, allowing business owners to manage various activities through one platform.

Key features of the IRIS Biz app:

1. Digital Onboarding: Consists of an online process to open current accounts with Video KYC, cutting down paperwork and saving time.

2. Integrated Account Management: Manages personal and business accounts together for easier financial tracking.

3. Additional Services: Supports accounting, payroll, taxation, and trade finance in-app, reducing the need for separate platforms.

4. Merchant Tools: Provides tools like soundboxes for payment alerts, same-day fund settlements, and higher cash deposit limits to help traders with transactions.

5. Access to Funds: Offers collateral-free overdrafts of up to ₹25 lakh to help businesses access working capital when required.

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Prashant Kumar, Managing Director and CEO of YES BANK, said, “The MSME segment in India employs the largest workforce and is the backbone of our economy. The IRIS Biz app offers a unified, tech-enabled, and customer-first solution to empower business growth. I am confident that IRIS Biz with its 100+ features will address every entrepreneurial need, by being a catalyst in driving their success and contributing to India’s economic progress.”

YES BANK has shown its support for MSMEs through its recent performance. The bank gave ₹15,279 crore in loans to MSMEs in the first half of FY25. SME loans grew by 25.8% compared to the previous year, and mid-corporate loans increased by 25.5%, highlighting its focus on business support.

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