News That Matters

Tag: 56000

Yes Bank aims to grow retail portfolio by 75 percent in two years to Rs 56,000 crore

Yes Bank aims to grow retail portfolio by 75 percent in two years to Rs 56,000 crore

Finance
Focussing aggressively on the retail segment, Yes Bank aims to grow its retail loan book by 75 per cent to around Rs 56,000 crore in the next two years, a top company official said. "For the last three to four years we have given our complete focus on the retail segment. We see a huge opportunity in retail. Currently our retail asset book size is close to around Rs 32,000 crore. We would be looking to grow it to anything between Rs 55,000-56,000 crore by 2019-20," Rajan Pental, Group President and Group Head- Branch and Retail Banking, Yes Bank, told PTI in an interview. Prior to turning the focus on the retail segment, Yes Bank built a strong customer franchise and when the equation was right, with a large retail customer base, the bank decided to offer retail services across products, Pe...