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
12 point conduct checklist for bank and...
A Good credit score imperative for your...
Carnival of Indian Personal Finance Blogs #1
South Indian Bank launches Mobile banking...
Carnival of Indian Personal Finance Blogs #2


+917827738197 Black Magic Specialist Baba Ji
91-9982822666 Love Problems solution in United State
!!!!09501860028!! Call GiRl ludhiana Amritsar...
Ravet Caℓℓ Girℓs:~O976775824O -/- O96377O1567...
Dehu Road Caℓℓ Girℓs:- O9767758240 ~$~...
what is balance62249254677

NEWS THIS WEEK
Banks opening new savings account under PMJDY speedily Nov 25, 2014
UCO bank introducing services to make banking convenient Nov 24, 2014
Banks to launch the contactless cards soon Nov 20, 2014
SBH bank rolled out e-connect facility Nov 18, 2014
Report on Deposit and credit growth of the banks Nov 17, 2014
News Archive