Mr. Rana Kapoor, MD&CEO, YES BANK makes significant investment commitment in
Chennai, speaking at the Tamil Nadu Global Investment Meet
Announces YES BANK’s largest ever Operations Management and Services Delivery facility in Ambattur, Chennai
Spread over 4 Lac sq ft (9 lac sq ft in next phase) to employ 9000 employees at full capacity
To provide banking operations & technology services & will be operational by Q1 FY 2016-17
Chennai, September 9, 2015:
Mr. Rana Kapoor, MD&CEO, YES BANK and President, ASSOCHAM, addressed the inaugural session of the Tamil Nadu Global Investors Meet 2015 hosted by Hon’ble Chief Minister, Government of Tamil Nadu Selvi J Jayalalitha.
Speaking at the occasion, Mr. Rana Kapoor announced the planned launch of YES BANK’s single largest National Centralised Operations Management and Services Delivery facility in Ambattur – Chennai. This Chennai facility which is envisaged as the future of Banking Services, Operations & technology of the world, in India, will be spread across 4 lac square ft space. As the anchor tenant, the tower will be named YES BANK Tower Centre of Management Excellence and will be expanded to 9 lac sq ft in the second phase by March 2018. The Phase 1 of the facility is expected to become operational by Q1FY17
The Chennai facility is being benchmarked with the best in class global organizations like the head quarters of global Silicon Valley technology leaders and financial and non financial organizations, where the employee experience will be delightful.
The open office architecture will be equipped with Virtual Infrastructure aiding Day 1 readiness, Innovation lab, LEED Gold standard certified office, theme based cafeteria, Video walls, industry best audio and video conferencing etc. The office will be equipped with state of art facilities like fitness centre, indoor sports area, Yes Café. The office will above all be a demonstration of future innovations in banking & financial services technology along with partner organizations and alliance partners.
The facility will house over 12000 employees in 2 phases, and we are therefore looking at creating atleast 12000 new gen financial services jobs in Chennai with the most delightful work environment for the executives. YES BANK has already identified a Chief Delight Officer for this facility.
This significant investment re-affirms YES BANK’s focus on the State of Tamil Nadu, and YES BANK will also expand its existing network of 23 existing branches by an additional 77 branches ie totally 100 branches by 2020.
YES BANK also unveiled a knowledge report titled “Tamil Nadu: A Socio Economic Snapshot 2015” which provides a macro and strategic overview of the Tamil Nadu state economy across various sectors where there are abundant and well identified sectorall opportunities for investment and growth.
Rana Kapoor also mentioned that in a recent Study on States’ Emergence conducted by ASSOCHAM Economic Research Bureau in March 2015, Tamil Nadu has ranked among the best performing states in eight out of nine development parameters like economy, power, roads and health.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/