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YES Bank targets three-fold growth

YES Bank would grow three-fold y 2020, helped by a strong retail franchise and a bigger number of clients from the small and medium sector, according to Pralay Mondal, senior group president (retail and business banking) of the bank, who has been quoted in news reports. The bank’s present balance sheet size is over Rs 1.5 lakh crore, which would reach the figure of Rs 5 lakh crore by 2020, says Mondal. Mondal also said the bank expects its market share to more than double to 2.5%. He said the bank would have 2500 branches by 2020 from around 800 now. Also, it expects CASA deposits to rise to 45% from the current 27%.

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