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Industry Update Back

Financials Deep Dive: Business insights from experts

21-Sep-2017

Yes Bank presented its strategy of evolving into a granular retail bank. The session revolved around its systems, processes, management team, customer mining strategies and product offerings. Its target CASA ratio of 40%+ is likely to be achieved two years earlier than stated (by CY18 v/s CY20; 36% now). The bank is confident of sharply improving profitability in the retail business, with (a) operating leverage playing out, (b) addition of branch banking assets, (c) levers available to cut interest cost on savings deposits,and (d) surge in core retail fees (expected to be 35% of overall fees v/s 27% now).
Piramal Finance presented insights on how it has positioned itself as a contender in the crowded real estate finance market. Strong corporate governance, ability to provide innovative solutions for borrowers, continuous new product and line-of-business addition, and value addition (based on its in-house expertise) are its key pillars for strong growth and healthy asset quality. It also plans to tap the SME and emerging corporate banking space to emerge as a strong diversified financial services company. It has received the housing finance license in September 2017 and the management is optimistic about this business

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