YES BANK announces growth plans for the region, plans to ramp up from 40 to 70 branches in the next one year, and 100 by 2012
YES BANK, India’s new age private sector Bank today formally inaugurated its Delhi and National Capital Region operations of 70 branches (including 30 soon to be commissioned branches), to further focus on the growing business and financial opportunities in the region. The inauguration by the Honourable Chief Minister, Government of NCT of Delhi, Smt. Sheila Dikshit from the flagship New Delhi Branch at South Extension, also known as the YES BANK Global innovation Centre witnessed the presence of business leaders and industry experts. The Bank has recently announced its plans to launch 100 more branches across the country within the next one year to reach 250 Branches nationally in 26 states.
YES BANK aims to strengthen the financial infrastructure in the highly important National Capital Region by establishing an extensive and robust framework of state-of-the-art branches providing comprehensive financial solutions, specifically catering to Large & Mid-Corporate, Central & State Government entities, MNCs, SMEs, MSMEs and Individual customers in this high-potential region. The Bank aims to transform branches from mere transaction outlets to ‘Service Oriented Financial Centers’, thus shifting the focus from providing vanilla transactions to value added services.
Commenting on the future plans, Rana Kapoor, Founder/Managing Director & CEO, YES BANK said, “NCR is an extremely important market in YES BANK’s overall Branch expansion strategy, and I truly believe that it has evolved as India’s largest Consumer Financial Centre. With over 25% of our Bank branches being set up in the NCR region, I am confident that NCR will be a significant contributor to the Bank’s overall growth. This incremental branch expansion up to 100 Branches by 2012 in the NCR region is a significant organizational imperative for the Bank’s next phase of growth Version 2.0 that will further propel Retail/SME Banking initiatives. YES BANK is steadily entering into the Retail Banking segments, by offering a wide suite of competitive products including secured/unsecured business loans, working capital finance, Trade & CMS and complementary products including CV finance, secured personal loans, amongst others gradually, while augmenting the pan-India Branch presence to 250 by June 2011.”
YES BANK presently has a network of over 153 branches in 127 city locations across India, with a growing presence in Delhi and National Capital Region. YES BANK presently has 40 branches in National Capital Region. The Bank plans to ramp up operations in the region by taking the total number of branches to 70 by end of June 2011, and 100 by March 2012.
YES BANK has been growing at a steady pace and has created a Knowledge Banking approach in order to cater to the requirements of a GROWING INDIA. YES BANK has consistently focused on the developmental agenda through an intervention in various sunrise sectors such as Food & Agribusiness, Infrastructure, Lifesciences and Healthcare, Communications and Information Technology, Hospitality, Tourism, Education & Urban Development etc., with a strong focus on Sustainability, while providing a Superior Customer Experience, through its world-class, state-of-the-art branch architecture.
YES BANK’s objective in Version 2.0 (April 2010-March 2015) is to achieve a balance sheet size of INR 150,000 crores, a pan India branch network of 750 with a human capital base 12,000 by 2015. Along with the expansion of branches, the Bank will also set up an extensive ATM network - 1200 ATMs by September 2012, and 3000 ATMs by September 2015.
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ABOUT YES BANK
YES BANK, India’s new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and its top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals Bank of India with the long term mission of “Building the Best Quality Bank of the World in India”.