New Banks Will Take Ltleast 8-L0 Yearsto Be Meaningful Compbitors

Abstract

WHILE YES Bank has no plans to retract its 7% interest rate offering on savings bank accounts, it is trying hard to quickly broaden its retail banking business, says Rana Kapoor, MD and CEO. Kapoor tells FE's Vishwanath Nair that with the sector gearing up for new players, existing banks should focus on building significant infrastructure. He talks about the segments his bank will focus on, challenges from the new banks and the best way to deal with them