Further, in the field of microfinance institutions, the bank is planning to increase the exposure by five times to Rs 1, 500 crore by 2012. Currently, the exposure is Rs 300 crore as on March 31, 2011.
Further, commenting on the less than one percent investment of its total loan in the education sector, Rana Kapoor , the bank's managing director and chief executive officer said, “By 2015, we want to account for about five percent of our total loan book."
Talking about the interest rates, Kapoor added, "If at all a rate hike is necessitated, then it could be in the range of 25-50 basis points. It, however, looks unlikely."
View: It is correct that there is huge potential to build education sector. But with excess of building and no quality of teaching will not lend jobs and in time the investments will turn sour. So in its zeal, hopefully Yes bank will be careful to do the due dilligence before giving out the loan.