Yes Bank bets on north Indian market to growMarch 2nd, 2009 - 9:05 pm ICT by IANS
Chandigarh, March 2 (IANS) Private bank Yes Bank is planning to open 133 additional branches across the country, including 70 in north India, by March 2010, a senior company official said here Monday.
“Out of our total 117 branches in India, 58 percent branches are located in northern India, as we perceive it as a safe place to do business. Moreover, a recent RBI (Reserve Bank of India) study shows north Indians are best savers,” Yes Bank executive vice-president Ravishankar told reporters.
Citing the RBI data, he said 32 percent of north Indians saved, compared to the national average of 26 percent.
“We are planning to open 133 more branches across the country by March 2010, and 70 will be north India. We have got all the clearances from RBI,” Ravishankar said.
“For us, Punjab is one of the most flourishing and important markets. At present, we have 10 branches in the state and we certainly want to expand our business in this region in the coming months.”
- Yes Bank plans expansion, bets on north Indian market to grow (Lead) - Mar 02, 2009
- Indian Bank to open more international branches - Apr 15, 2011
- Yes Bank to focus on retail segment for growth - Apr 21, 2012
- Federal Bank to open 100 branches in a single day - Mar 06, 2012
- WIPRO computerises five cooperative banks - Jul 31, 2012
- Banking services to all Indians by next year: RBI - Mar 26, 2011
- RBI to open more offices in northeast - May 05, 2011
- RBI governor asks for more banks in rural Kashmir - Mar 21, 2012
- IOB planning to raise $350 mn through MTNs - May 10, 2011
- Plan panel expects GDP growth in 2011-12 to slip from 8.5 percent (Lead) - May 31, 2011
- Tripura Gramin Bank posts profit for 10th year in row - Dec 22, 2010
- India Inc. business confidence hits two-year low - Aug 28, 2011
- Kerala's Federal Bank to open two more offices abroad - Mar 09, 2012
- Financial inclusion to get more focus: RBI governor - May 18, 2011
- NRI deposits in State Bank of Travancore up - Apr 30, 2011