YES BANK announces its strategic expansion plans for Hyderabad
YES BANK, India’s sixth largest private sector bank, announced its strategic expansion plans for Hyderabad, marking a significant milestone in its journey of growth and commitment to the Southern region. Over the last couple of years, the Bank has experienced remarkable success in Hyderabad, evident from its expanding customer base and robust financial performance. As of December 2023, YES BANK has garnered a substantial customer base of approximately 2.64 lakh liability customers in Hyderabad, showcasing an impressive growth of 30 per cent year-on-year. The bank's liability deposits have surged by 16.6 per cent year-on-year, reaching Rs 8,887 crore, positioning Hyderabad as one of the top-performing cities in terms of deposit growth within the Southern region.