Private sector lender YES Bank is aiming to give a big booster to its retail banking operations. The bank aims to add several new products to its retail kit in order to enhance its offerings to the customer. Amongst the new product lines to be introduced include Loan Against Property (LAP), Loan Against Shares (LAS), Auto Loans & Commercial Vehicles. The bank also plans to cash out on working capital requirements of MSMEs. Quoting the plans of the bank, CEO and MD of the bank, Mr Rana Kapoor commented, "I truly believe that the new Retail products will bring sharpened focus, greater vigour and velocity in our offerings to our valued customers. These will be significant in tapping tremendous synergies across all parts of the Bank as also in providing an external manifestation of our unique ‘One-Bank Approach' with the objective of creating a consistent customer experience. I am confident that these will be key growth and value drivers towards the success of the vision of Version 2.0."
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