The bank had acquired the premises in partial settlement of its loan dues from the Reliance Group. (Representative image)
MUMBAI: Yes Bank has started the process of relocating its headquarters from Indiabulls Finance Centre in central Mumbai to the iconic erstwhile headquarters of Reliance Anil Dhirubhai Ambani Group in the western suburb of Santa Cruz.
A senior official confirmed the move and said that that the process would take three-four months. The bank had acquired the premises in partial settlement of its loan dues from the Reliance Group. The bank has already installed its signage on the building.
Yes Bank’s current office is located in the Indiabulls Finance Centre tower at Lower Parel where it occupies the top six floors. The Reliance Group had shifted to the new headquarters only in 2018. Its offices have now moved to a smaller premise in Ballard Estate in South Mumbai.