Yes Bank is aiming to serve 2.5 lakh retail borrowers through digital interventions in FY18 which should reduce processing times. Moreover, the bank is targeting to reduce the loan application to disbursement time to 30 minutes from the present 7-10 days over the next six months.
Traditionally, availing a loan entailed a loan applicant filling in an application form, undergoing credit bureau and other checks to getting the loan disbursed.
Yes Bank has built significant expertise as a preferred host country bank for Multinational Corporations seeking to do business in India. It has a pan-India footprint, with over 1,000 branches across all 29 states and seven Union Territories of India.
