The youngest private sector lender in the country, Yes Bank, has set a target of achieving a balance sheet size of Rs1.5 trillion by end of 2015.
"The remaining three years will see the bank witnessing accelerated growth with the objectives to achieve a balance sheet size of Rs1,50,000 crore (Rs 1.5 trillion), deposit base of Rs 125,000 crore and advances of Rs 100,000 crore," Yes Bank managing director & CEO Rana Kapoor said.
Kapoor was addressing the top management, investors and analysts on the completion of two years of its Version 2.0 vision yesterday. He added the confidence came from significant momentum on current and savings account ratio (or Casa ratio, which is the ratio of deposits in the current and savings accounts of a bank to its total deposits) and retail liabilities. He said going forward, the bank would focus on branch expansion.
According to Kapoor, the bank had a target of 900 branches, along with increasing headcount to 12,750 by March 2015.
The bank operates 356 branches in 200 plus cities and a workforce of 5,600 employees as of March 2012.
He further said, "the focus for the next phase of growth is primarily to build on the strong underlying foundation created in terms of our expanding Casa deposit base by leveraging on the branches, products and human capital investments and further growing our corporate businesses."