Yes Bank is all set to enter into credit card space by June 2016. In this regard, the bank has appointed former HDFC Bank executive Rajanish Prabhu to lead the division, as it announced a new organisational structure to boost retail and corporate banking.
The city-headquartered bank, which started operations in 2004, has been looking to enter the competitive and high margin credit cards business for over a year now. Prabhu will serve as senior president and national head of the division.
Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India.
