Yes Bank eyes acquisitions for business expansion
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.
