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
How to Manage Multiple Credit Cards?
Effect of employment on loan eligibility...
IMPS- remittance facility through mobile...
Converting credit card outstanding into a...
Kinds of auto insurance coverage


@@ lottery !@$ lotto specialist in Egypt...
@@ lottery !@$ lotto specialist in Afghanistan...
PCMC CALL GíRLS 09130502223 ℰSCORTS IN RAVET...
PUNE Call Girls 8888268302 Pune Female Sex Service...
PUNE RUSSIAN ESCORTS- 09860767427|08605558887 PUNE...
BAner ::--Call Girls :: Ø7Ø5781Ø1Ø4 ~•@•~...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive