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Total Number of Credit Card Users Over 2 Lakh Now: Yes Bank
October 03, 2017
Private sector Yes Bank said that with over 2 lakh customers, its credit card portfolio has grown above Rs. 250 crore in just one year since venturing into the segment.
Yes Bank retail head Pralay Mondal said that the bank is progressing ahead of time in “achieving milestones” it had set for itself. He said that even with 2 lakh customers already, the focus will remain on expanding the user base. The plan is to achieve a target of 1 million credit cards, he added.
Yes Bank recently launched a new credit card which will be sold only to select millionaires and only by invitation. Even though it comes with a high joining fee of Rs. 50,000 and an annual fee of Rs. 10,000, Mondal is confident that it will help expand the user base.
