Yes Bank to increase lending to SME sector
Hotline: 1800 102 2007
X
Search Business Opportunities
2010-01-21

Yes Bank to increase lending to SME sector

The net profit of Yes bank has risen by 19 per cent year-on-year to Rs 126 crore in the October-December quarter. The main reason for this increase is the increase in the net interest income. The bank

The net profit of Yes bank has risen by 19 per cent year-on-year to Rs 126 crore in the October-December quarter. The main reason for this increase is the increase in the net interest income. The bank saw a 71 per cent increase in loan in the quarter.

 

On one hand loans to medium-sized corporate formed 23 per cent, and that small and medium enterprises, along with retail consisted 4.3 per cent and the loans to large corporate formed 72.6 per cent, of the total loan given away by the bank.

 

Keeping in mind the small portion allotted to small and medium businesses the bank intends to increase its lending to SME sector and targets to lend 30-35 per cent of total advances in next five years, according to Jaideep Iyer, Deputy Chief Financial Officer at YES Bank.

 

Related opportunities
  • Quick Service Restaurants
    Hakka Express our love for hearty, delicious food overrides everything..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Extra Curriculum Activities
    About Us: Eduisfun’s franchise provides a platform for enhanced gamified learning..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Tarbouche, ,meaning the brimless red cap worn by Turkish..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Furniture/Home Decor & Furnishing
    About Us : Bubblegum furniture, established in 2015, is a concept..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts