Yes Bank has entered into partnership with Paisabazaar.com under which the Bank will offer conditionally approved loans to the latter’s existing customers. As part of the partnership, the Bank will help Paisabazaar.com through its advanced analytics and data mining capabilities to offer customers of the financial marketplace with customised and conditionally approved offers across retail lending products.
The aim is to make the process of availing a loan easy and seamless and act as a one stop financial solution provider for all retail lending needs of the customer.
The Bank posted a rise of 30.20% in its net profit at Rs 914.12 crore for the quarter ended March 31, 2017 as compared to Rs 702.11 crore for the same quarter in the previous year. Total income of the Bank increased by 29.44% at Rs 5606.38 crore for quarter under review as compared to Rs 4331.11 crore for the quarter ended March 31, 2016.
