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High profile deals aren't YES Bank priority

Last Updated 26 November 2015, 17:30 IST

The well segmented corporate banking business is the “bread and butter” business of YES Bank, India’s fifth largest private sector bank, said Amit Kumar, Group President and Country Head (Corporate Banking), of YES Bank.

“We have about 10 to 12 relationship teams covering different focused verticals who are responsible not only for bringing in new business, but also the sale of the entire suite of products,” said Kumar.

He added, “We follow a three-pronged approach in the corporate banking division, focusing on relationship, product, and knowledge generation.”

In the investment banking division, YES Bank does not go after league tables like many of the Bulge Bracket banks like Goldman Sachs and Morgan Stanley, he said.

“Unlike many of the Bulge Bracket banks, we don’t go after much sought after deals. We have partnerships with various investment banks in various countries. We act both as knowledge processors and deal team, based on the kind of deals we are in,” he added.

Speaking on the low volumes of NPAs in private sector banks, he said that we are very sector-specific when it comes to our portfolio. “Currently steel, infrastructure and aviation have the most stressed assets, and we don’t have much exposure to it,” said Kumar. Elaborating on the cause of stress in the sector, he said that various infrastructure  projects are caught up in legal and regulatory hurdle, thus preventing cash flows from them.

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(Published 26 November 2015, 17:30 IST)

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