Yes Bank to launch credit card by March 2011

Wednesday, April 28, 2010
Print Print Email Email
News Content Image

Mumbai: With an aim to expand in the retail segment, Yes Bank has planned to launch its credit cards by the end of the financial year 2010-11. The bank is also planning to enter into home and car loan segments by March 2012. Talking to Rupee Times, Rana Kapoor, Founder, Managing Director and CEO, Yes Bank said, "We are planning to expand our reach in the current financial year by launching the different products." Currently, the bank has 150 branches across 26 states of the country. It has plans to add 100 more branches to its kitty this fiscal. "We will take our branch count to 250 by end of March 2011," said Kapoor. In the financial year ended March 31, 2010, the company posted a net profit growth of 75 percent. The net interest margin of the bank has shown a marginal increase to 3.2 percent for the fourth quarter of the fiscal from three percent in the same period last year. The bank has a retail
Looking For Loan? Let us Help you !!!
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..