The bank has about six million credit card customers.
Currently, customers outside the bank's existing client base account for 25 per cent of its card base.
Bombay High Court upholds rejection of Shagun Gogia as board member, terms two director appointments invalid.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
For the near term, Gill will have to improve relations with the Reserve Bank of India, which have been strained in recent times. He will also need to strengthen the bank's asset quality and improve governance standards and internal processes.
In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.
Bankers say loan demand was more muted this festival season than last year.
No word on appointment of Shagun Kapur Gogia
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
Experts hail 2014 as the worst year for banks.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
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