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YES Bank aims to double retail, SME assets & liabilities book by March 2023

The lender expects to grow the combined share of retail and SME in business to 60%

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YES Bank, an associate of SBI, is working to disburse Rs 10,000 crore of loans to MSMEs and retail segments in the current quarter (Q3)

Abhijit Lele Mumbai
Private sector lender YES Bank aims to double its retail plus small and medium (SME) assets and liabilities book by the end of calendar year 2023.

The lender expects to grow the combined share of retail and SME in business (deposits and advances) to 60 per cent by March 2023. Its retail assets were Rs 39,550 crore and deposits Rs 42,300 crore. SME assets were about Rs 19,539 crore.

Rajan Pental, head, retail banking, YES Bank, said the bank will not show any irrational exuberance to grow business. “We would like to be present in segments which customers want rather than in