Yes Bank is gearing up for the stiff competition in banking industry. The private sector lender plans to raise its current and savings account (CASA) ratio to 30% in the coming five years that is by 2015 and have a CASA ratio of 15% by 2012, said said Rana Kapoor, founder/managing director and CEO of the bank.

The bank had a CASA ratio of 10.5% at the end of the first quarter of this fiscal.

The bank plans to have another 100 or more new branches in the country by June 2011. This would require a capital investment of Rs 75-80 crore, Kapoor said.

"But this does not include investment in human resources," he said. On the recruitment front, the bank plans to hire more than 1000 people thereby taking the head count to 4500 by March 2011.

"We plan to have one overseas branch subject to Reserve Bank of India approvals and the approvals of the overseas regulator," Kapoor said talking about the overseas plans of the bank.

"We need one overseas branch mainly for our capital-raising activities as well as offshore lending to some of our clients who are diversified in international markets and also to compliment a fairly nascent NRI banking strategy. It is a compelling business case for us to set up and overseas branch," he said.

He added that the bank would be looking for setting up a representative office at the United Arab Emirates.