India’s private sector lender Yes Bank is planning to hire between 1,500 and 2,000 new employees to facilitate retail expansion plans.
Yes Bank senior group president, financial markets Rajat Monga said: "The campus placements will take place and 1,500-2,000 will be hired this year at the branch and also some at mid-managerial level."
The bank is aggressively focusing on its retail division business to sustain competition and scale up its business.
It is also planning a foray into the credit card business, and the mutual fund business. The bank is in talks to acquire Deutsche Mutual Fund’s India business for $32.5m.
Yes bank senior group president, retail and business banking Pralay Mondal said: "For the credit card business we need to have 1.5 million customers at least, but as of now we have just crossed one million customers."
The lender is also planning to open about 50 new branches by March this year. The bank has about 600 branches and more than 1,150 ATMs as on 31 December 2014.