Yes Bank plans soft launch in August
By Our Banking Bureau | 15 Jul 2004
"We plan to have a team of 250 people by March 2005; we now have a team of 85. We will be hiring people at the top, middle and branch level staff,''' said Rana Kapoor, MD and CEO, Yes Bank, at the bank's maiden press conference held on Wednesday.
Job consultants Korn Ferry, ABC and Personal Search are conducting the search for people.
The top slots now vacant include heads for the departments of retail banking, transactional banking, corporate and institutional banking and business banking, which deals with SMEs and smaller corporates.
The bank will have a soft launch in August 2004 and we will have a full-blown launch in mid Q4.
The bank has adopted I-flex Solution's software platform FLEXCUBE as its core-banking backbone across retail, corporate and investment banking operations. Yes Bank and I-flex together also have plans to float a separate entity to handle business processes of other banks, said Rajesh Hukku, CMD, I-flex Solutions.
Yes Bank plans to have eight branches by March 2005. The first branch will be in Mumbai followed by New Delhi, Chennai, Kolkata, Hyderabad, Bangalore, Pune and Ahmedabad.
