#YES #Bank plans to enter #Credit #Card #Business In a bid to - TopicsExpress



          

#YES #Bank plans to enter #Credit #Card #Business In a bid to strengthen its retail credit portfolio, private sector lender YES Bank is looking at entering the credit card business. Credit card is one thing that is missing in our portfolio and we would surely like to enter that. But launching a credit card business takes a minimum of eight-ten months as there are lots of things such as underwriting, marketing etc that one needs to take care of, said Pralay Mondal, Senior Group President-Retail & Business Banking said The new generation private sector lender which started its operations in 2004 has a customer base of approximately 1 million and would look at launching its credit card business once the customer base hits the 1.5 million mark. The bank has been focusing on customer acquisitions aggressively and is confident of reaching the mark soon.
Posted on: Mon, 20 Oct 2014 16:34:52 +0000

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