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YES Bank plans to scale up its investments in the educational infrastructure sector in the country to Rs 5,000 crore over the next four years.
The bank’s investment in the sector is now at about Rs 500 crore, according to its Managing Director and Chief Executive Officer, Mr Rana Kapoor.
“Educational infrastructure is a great opportunity and we want it to account for about 5 per cent of our total loan book by 2015. It currently accounts for less than one per cent of our total exposure,” Mr Kapoor told newspersons at a press meet on the occasion of the launch of its new branch in the city on Saturday.
The payback period on such investments was typically in the range of three-to-four years, against 11-12 years in a normal infrastructure lending, he pointed out.
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