Yes Bank to add 900 people; eyeing 40 percent growth
By siliconindia   |   Monday, 22 June 2009, 21:56 IST   |    1 Comments
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Yes Bank to add 900 people; eyeing 40 percent growth
Bangalore: Yes bank will hire 900 people this year as it is targeting a growth of 40 percent in loans. It will include 500 people as specialists. This expansion is done in six key segments of the company, reports PTI. "Somewhere between now and September we are adding at least 500 managerial staff," Overall we should hire about 900 people in the current fiscal. Right now we are 2,700; we want to get to 3,600 by March 2009,"said Rana Kapoor, MD and CEO, Yes Bank. He also informed that among those who are recruited 500 will be in managerial level and 400 will be in retail service and sales. The hiring process comes under the next six years growth plan and the bank has identified six key industries as future growth drivers. "We want to evolve as a bank for future industries of India and our focus is on high-growth industries like agri-business, infrastructure, energy, health care and communications. Infrastructure is about 18 per cent right now but we see that percentage going up. We should see that minimum 20-22 per cent in the future,"said Kapoor, adding that at present 25 percent of the total advances go to agri-business.

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