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50 Branches of Bank to shutdown to cut expenses: CEO


Cinosural International An Elementry School Jammu

MUMBAI, Oct 26: Yes Bank’s new chief executive and managing director Prashant Kumar said that  that it will be shutting down 50 branches as part of a rationalization effort, which will reduce its overall network in FY21 as there will be no new openings.

Kumar took charge of the affairs of the banking business in in March. The bank reported a 21 per cent reduction in operating expenses in September quarter.

 

 

 


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