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2014-06-07

YES Bank eyes acquisition with potential SME, retail banks

Rana Kapoor, MD & CEO, YES Bank, is keeping an eye on acquisition opportunities with retail and SME bank.

After raising $500 million through a qualified institutional placement (QIP), Rana Kapoor, MD & CEO, YES Bank, is keeping an eye on acquisition opportunities with retail and SME bank. The QIP, which was concluded last week, resulted in the bank's capital adequacy ratio crossing 18%.

 

YES Bank now focuses on building specialization in emerging segments like agriculture business, healthcare, renewable energy and housing. "If there is any substantial retail and SME bank, we could consider it if it gives us scalability and outreach, particular on the retail side," said Rana Kapoor. 

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