NEWS & ADVICE : CREDIT CARDS
Yes Bank targets 750 branches by March 2015
By Ankit Sharma
Apr 30, 2010
Print    Email    RSS   

Yes Bank , the private sector lender would be opening 750 branches in the country in the upcoming five years, a senior official of the bank said.

The bank currently has a branch network of 150. The bank has aims to surge retail lending. It plans to roll out credit cards by the end of this fiscal.

Rana Kapoor, MD of the bank said that the bank wants to increase its workforce to 12,000 by 2015 as a mode to increase its retail presence in the country.

The current headcount of the bank is 3,030 which has chances of reaching 4,500 by the end of this financial year.

"We are looking at a compounded annual growth rate of 35 percent for the bank in the next five years," Kapoor said.

The proposed loan book of the bank is expected to reach a size of Rs. 1 trillion in the next five years. The current loan book of the bank amounts to Rs. 221.93 billion.

"We propose to raise share of branch banking in loan book to 30 percent in the next five years, from 5 percent now," he added.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
An Insight into Credit Card Balance Transfer
Carnival of Indian Personal Finance Blogs #3
Lost Your Credit Card? Here’s What You...
How Your Credit Card Can Help To Improve...
Increasing trend of prepaid cards in India


I want to credit carde statment this month...
my name is gaurav sharma date of birth is 23.09.1983...
HOW TO APPLY FOR CREDIT CARD
how can apply for new atm card
Please give my the status civil report against my...
50101387219 this account balance

NEWS THIS WEEK
ICICI bank introduced new mobile banking apps for its customers Sep 23, 2014
A cooperative bank introduced ATM cum Bank on wheels in Mangalore Sep 22, 2014
RBI pondering to launch more POS terminals equivalent to the issuance of debit cards Sep 18, 2014
Axis bank introduced e-surveillance at the ATMs Sep 16, 2014
Customer can make online shopping without giving credit/ debit card details Sep 15, 2014
News Archive