Yes Bank eyes acquisitions for business expansion

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Yes Bank eyes acquisitions for business expansion. Yes Bank eyes acquisitions for business expansion.
Summary'We are in the process of establishing the subsidiary and building an organic business'

complete suite of products (auto loans, gold loans, home loans and credit

cards).

"The objective is to offer these products from most of our retail branches as we go along, because our focus is to be customer centric and we want to maximise our share of our customers' wallets by catering to all the needs of our retail customers," he said, while adding that the bank is also offering retail lending products to most of its customers on a relationship basis in the top 125-150 branches.

In reply to a query about a possible entry of new players in banking space, Kapoor said, "We expect some select new banking licences to be granted in 2013. However, it will take considerable time for the applicants to kick start operations, given the associated complexities.

"The market is large and expanding and select high quality players will benefit the banking space. However, we have also been advocating that select old private sector banks and co-operative banks should be encouraged to become larger national players.

"This will limit the risk in the system while adequately serving the purpose of increasing penetration in the banking space," he added.

In reply to a query about a possible entry of new players in banking space, Kapoor said, "We expect some select new banking licences to be granted in 2013. However, it will take considerable time for the applicants to kick start operations, given the associated complexities.

"The market is large and expanding and select high quality players will benefit the banking space. However, we have also been advocating that select old private sector banks and co-operative banks should be encouraged to become larger national players. This will limit the risk in the system while adequately serving the purpose of increasing penetration in the banking space," he added.

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