YES Bank aims to double credit card customers

Yes Bank is aiming to double its customer base in the segment in the next two years, the Head of its Credit Card Business Rajanish Prabhu has said.

Also, the bank is targeting a four-fold rise in its book value over the next two years.

“Overall credit card spends (of the industry) are back to pre-Covid levels. Some banks say 80-90%, for some it is 90%, my gut feeling is that most of this is back to normal. Some of the sectors are still slow, especially when it comes to tour and travel, where there is a recovery of about 25-30%,” Rajanish Prabhu, Head – Credit Cards and Merchant Acquisition,Yes Bank told in an interview.