YES Bank plans to open 150 branches in the southern region of India
Private sector lender YES Bank is planning to open 100-150 branches in the southern region of the country in the next three years to boost its retail base.
Earlier, the bank had announced plans to open 500 more branches by 2015 to take its branch strength to 750.
“As per our vision document, we want to increase our branch strength to 750 from by 2015. Of this, 15-20 per cent of the branches will be opened in south India,” said R Ravichander, group president and head (business development)-south, YES Bank.
The branch expansion would help the bank boost retail asset base by improving the current account, savings account (CASA) deposit, he added.
The private lender, which saw sound growth in most of the parameters in the recent past, is aggressively pushing its branch expansion to improve its retail deposit base.