Rate cuts, lower cost deposit base to drive growth: Yes Bank
The Yes Bank management says that broadly there are two major drivers of margins. One is the interest rate environment that is shifting and, hopefully, the RBI will lower the repo rate in the coming policy. But the more significant and important pillar of growth will be the improving mix of the low-cost deposits that has increased from 10 per cent in the same period last year to about 18.3 per cent in December 2012.
