MoneyWorks4Me

YES Bank aims to boost lending to MSME segment

14 Feb 2013 Evaluate

YES Bank, private sector lender is planning to focus on micro, small and medium enterprise (MSME) portfolio, with aims grow by Rs 500 crore in the January-March quarter. The private sector lender is likely to end the financial year with a MSME loan portfolio of Rs 7,000 crore against the target of Rs 7,500 crore, due to pressure on the bad loans front across the banking sector.

At present, the mid-sized bank’s MSME portfolio stands at around 15% of the total loan book. The total loan book stood at Rs 43,856 crore as on December 31, 2012.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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