Yes Bank aims to raise its deposits book to Rs.2 trillion by the end of March 2021. The private sector lender is also planning to expand its retail and small and medium enterprises (SME) loan book from Rs.6,800 crore in the September quarter to Rs.10,000 crore by the end of the third quarter. Rajan Pental, retail banking head of Yes Bank told reporters that the lender hopes to increase the share of its retail and SME loan book from 45% to 60%. We see large opportunities available in the market. Corporates are not borrowing. Retail machinery is up and running. We are looking at more granular and growth-oriented businesses’ he said.
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