Yes Bank targets 30% CASA ratio in five years
By Neelima Shankar
Jul 22, 2010
Print    Email    RSS   

Yes Bank is gearing up for the stiff competition in banking industry. The private sector lender plans to raise its current and savings account (CASA) ratio to 30% in the coming five years that is by 2015 and have a CASA ratio of 15% by 2012, said said Rana Kapoor, founder/managing director and CEO of the bank.

The bank had a CASA ratio of 10.5% at the end of the first quarter of this fiscal.

The bank plans to have another 100 or more new branches in the country by June 2011. This would require a capital investment of Rs 75-80 crore, Kapoor said.

"But this does not include investment in human resources," he said. On the recruitment front, the bank plans to hire more than 1000 people thereby taking the head count to 4500 by March 2011.

"We plan to have one overseas branch subject to Reserve Bank of India approvals and the approvals of the overseas regulator," Kapoor said talking about the overseas plans of the bank.

"We need one overseas branch mainly for our capital-raising activities as well as offshore lending to some of our clients who are diversified in international markets and also to compliment a fairly nascent NRI banking strategy. It is a compelling business case for us to set up and overseas branch," he said.

He added that the bank would be looking for setting up a representative office at the United Arab Emirates.


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

 Select a product:

Know about corporate fixed deposits
For what purpose do you want to invest in...
Fixed Deposits: Safest instrument to invest
Carnival of Indian Personal Finance Blogs #6
Tax saver fixed deposits in India earn you...

Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive