Yes Bank plans to grow its MSME portfolio by Rs 500 crore
By Joseph Samson
Feb 14, 2013
Print    Email    RSS   

The private sector lender, Yes Bank is looking to boost its micro, small and medium enterprise (MSME) portfolio by Rs 500 crore in the fourth quarter of the current financial year.

As there is pressure on the bad loans front across the banking sector, Yes Bank is eyeing at MSME loan portfolio of Rs 7000 crore in the Jan-March quarter against the target of Rs 7500 crore. The bank's MSME loan portfolio in the Oct- Dec quarter was at Rs 6500 crore.

"MSME lending will be evergreen. We take care of pricing when it comes to NPAs. Our target on MSME loan portfolio was to touch Rs 7,500 crore this fiscal. But we will achieve about Rs 7,000 crore," said Mr. Sanjay Agrawal, Senior President, Business Banking, YES Bank.

Currently, Yes bank's MSME portfolio accounts for around 15 per cent of the total loan book. The total loan book stood at Rs 43,856 crore as on December 31, 2012.


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

 Select a product:

Carnival of Indian Personal Finance Blogs#10
Mortgage insurance’s relevance in India
Make your home loan repayment easier
IBA to push for MIBOR as the benchmark rate
Paying back home loans: Which repayment...

Loan offer and we solve your financial problem....
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive