Latest YES Bank Recruitment 2023

Latest YES Bank Recruitment 2023 The YES Bank has announced a recruitment drive for the year 2023 and is inviting applications for the positions of Senior Manager and Sales Officer. The recruitment notification is available on the official website of YES Bank, i.e., yesbank.in. The bank is seeking applications from eligible candidates from all over India. Interested candidates can submit their applications online through the bank’s website before the deadline of 10th May 2023.

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Official Notification & Application Latest YES Bank Recruitment 2023

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Vacancy details For this job:

YES Bank is currently recruiting candidates for the positions of Senior Manager and Sales Officer. In order to apply for these roles, candidates must meet certain eligibility criteria.

According to the official notification released by YES Bank, candidates must have completed their education as per the bank’s norms from a recognized board or university.

It is important to note that there is no application fee for these positions.

The selection process will consist of a written test followed by an interview.

Interested and eligible candidates can apply for these positions online through the YES Bank official website, yesbank.in.

The application process will begin on April 1, 2023, and will remain open until May 10, 2023.

To apply, candidates should visit the YES Bank website and follow the instructions provided.

They should have a scanned image of their documents ready before beginning the application process.

Additionally, they should have a valid email ID and mobile number, as YES Bank will use these for communication purposes throughout the recruitment process.

Candidates should take care when filling out the online application form, ensuring that all details provided are accurate and complete.

Any mistakes or omissions may result in their application being rejected.

If applicable, candidates may be required to pay an application fee, which can be done online or offline.

After submitting their application, candidates should save or print their application number for future reference.

They should also check their email and mobile phone regularly for updates from YES Bank regarding the recruitment process.

Yes Bank, founded in 2004 by Rana Kapoor and Ashok Kapur, is one of the fastest-growing private sector banks in India. Initially, the bank enjoyed immense success, with its innovative approach and customer-centric strategy.

However, in recent years, it has faced significant challenges, including financial irregularities and leadership issues. In this article, we will delve into the journey of Yes Bank, the reasons behind its struggle, and its future prospects.

The Success Story of Yes Bank

Yes Bank started as a small-scale enterprise in Mumbai, with an aim to cater to the emerging financial needs of the Indian economy.

The founders had a vision of creating a customer-centric bank that offered innovative products and services.

The bank was among the few that received approval from the Reserve Bank of India (RBI) to start operations in the private sector in 2004.

The bank’s focus on technology and innovation made it stand out from other banks in the industry. It was the first bank in India to offer a 24×7 banking experience through the ‘Anytime Banking’ service.

It also introduced the concept of ‘One Bank Account’ that allowed customers to access multiple accounts through a single login. Yes Bank also pioneered the usage of social media for customer engagement, which helped in building a strong brand presence.

The bank’s innovative approach paid off, and it witnessed rapid growth in its initial years. In 2005, it went public with an IPO that was oversubscribed by 30 times, raising INR 320 crores ($44 million).

By 2018, the bank’s market capitalization had reached over INR 84,000 crores ($11.6 billion), making it one of the top five private sector banks in India.

The Struggle of Yes Bank

However, in 2018, Yes Bank started facing challenges. The bank’s asset quality deteriorated, and it was unable to raise capital to maintain its regulatory capital requirements.

The bank’s co-founder and then CEO, Rana Kapoor, was also embroiled in a controversy regarding non-disclosure of bad loans, which raised concerns about the bank’s governance.

In September 2018, the RBI issued a notice to Yes Bank, directing it to appoint a new CEO by February 2019 and to increase its capital adequacy ratio (CAR) to 9% by March 2019.

The bank failed to meet the regulatory requirements, and the RBI superseded the board of directors and appointed an administrator to manage the bank’s affairs.

The bank’s struggles continued in 2020 when it reported a net loss of INR 16,418 crores ($2.2 billion), which was the highest in the Indian banking sector’s history.

The bank was also unable to raise capital through private equity investments, and the RBI had to intervene by approving a rescue plan.

In March 2020, the RBI approved a bailout plan for Yes Bank, led by State Bank of India (SBI), which acquired a 49% stake in the bank for INR 7,250 crores ($1 billion).

The RBI also imposed a moratorium on Yes Bank’s operations for a month, limiting withdrawals to INR 50,000 ($690) per account.

The Future Prospects of Yes Bank

After the bailout, Yes Bank has been making efforts to revive its operations and regain the trust of its customers and stakeholders.

The bank’s new management has implemented various measures to improve the bank’s governance, risk management, and asset quality.

One of the significant steps taken by Yes Bank is the appointment of Prashant Kumar as the CEO and MD. Kumar, a former Deputy Managing Director and CFO of SBI, has over

Notification & Application & Study Materials எடுக்கத் தெரியவில்லை என்றால் இந்த வீடியோ பாருங்க 👉👉👇👇 : https://youtu.be/aIJ8nvm8KLw

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Official Notification & Application Latest YES Bank Recruitment 2023

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