YES Bank plans retail banking products

YES Bank plans to introduce customised retail banking products in order to cater to specific segments of customers in the country. The bank plans to introduce products such as home loan, personal loan,education loan and credit cards to offer a complete bouquet of services to its customers ,according to Mr Somak Ghosh,Group President ,Corporate Finance and Development Banking, YES Bank.The bank would focus on professionals such as doctors,lawyers and accountants, among others to bring out customised home loan products typically for loans above Rs25 lakhs,he said. The bank plans to set up about750 branches and 3000 offsite ATMs over the next five years in order to scale up its retail business,Mr Ghosh said. (BL 13052010)