Chennai, August 20, 2015: YES BANK, India’s fifth largest private sector Bank, today launched the Chennai Chapter of the YES BANK National CFO Forum, a unique knowledge initiative exclusively for CFOs in India. The YES BANK–National CFO Forum was conceived with an objective to recognize and appreciate the indispensable role of the CFO in an organization and has seen active participation from over 600 members from the CFO community across the country. The Forum has been conceptualized in the form of Chapters across India, with the Mumbai Chapter launched in September 2011. The Chennai Chapter witnessed active participation from over 150 CFOs from the city
The launch witnessed the unveiling of the charter of the National CFO Forum, Chennai Chapter by Chief Guest, Mr. S. Krishnan, IAS, Principal Secretary, Planning & Development and CEO, Tamil Nadu Infrastructure Development Board. Mr. Lakshmi Narayanan, Vice Chairman, Cognizant, Mr. A. Velliangiri, Deputy MD, Tamil Nadu Newsprint & Papers Ltd. & Mr. N. K. Ranganath, MD & CEO, Grundfos India Ltd. were present as Guests of Honor at the event. A panel of some of India’s most influential CFOs participated in a discussion on “Chennai: the fulcrum of India as a design, manufacturing and innovation hub”.
Speaking about the event, Rana Kapoor, MD & CEO, YES BANK said "The National CFO Forum is a highly interactive platform that brings together the visionary leaders of the industry who have a demonstrated track record to pursue the needs of a progressive India Inc. Chennai has emerged as the manufacturing and innovation hub and I believe the strategic involvement of Chief Financial Officers will propel these sectors further as enablers of India’s economic development. Through this Forum, we encourage greater participation of the CFOs in the knowledge economy of India."
The panelists in the session were A.R. Subramanian, ED Finance, Schwing Stetter India, Gopal Mahadevan, CFO, Ashok Leyland, M.P. Vijayakumar, CFO, Sify Technologies, S. Chandramohan, CFO, Tractors And Farm Equipment, D. Arulselvan, CFO, Cholamandalam Investments & Finance Co. Ltd. and T. N. Sivasubramanian , CFO, Toshiba Machines Pvt. Ltd.
About the YES BANK National CFO Forum
The Forum has been conceptualized in the form of regional chapters. Since flag off in Mumbai in September 2011, National CFO Forums have been conducted in Delhi (North India chapter) in February 2012 , Bangalore (South India Chapter) in February 2013, Pune in January 2015, Kolkata in May 2015 and Ahmedabad in August 2015. Additionally the forum has also seen significant appreciation from CFOs & Finance heads through its successful regional chapters in business hubs like Chennai.
The YES BANK - National CFO Forum, through its various chapters will aim to offer insights to the industry through:
- CFO Conclaves – A "By Invitation" only annual off-site event, which will be a platform for intense & practical interaction and debate amongst CFOs, peer networks and International Experts
- CFO Insights – YES BANK – National CFO Forum will publish quarterly contributory articles on pertinent topics including macroeconomic indicators- global & domestic, regulatory changes, industry best-practices etc
- CFO Value Chain – The YES BANK – CFO Value Chain will endeavor to develop and up-tier the SMEs in areas of Finance & Accounting, adoption of best practices, being compliant to international norms & standards etc.
- CFO Talent Management – The YES BANK – National CFO Forum will partner with select institutes like ICAI, Business Schools etc. and provide inputs towards curriculum setting and training interventions in-order to make the students more ready for the careers
The YES BANK National CFO Forum has a "Governing Council" of 42 members that provides leadership and strategic direction. The National CFO Forum has over 600 members from the Indian CFO community
About YES BANK LIMITED
YES BANK, India’s fifth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment, vision & strategy of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving its organizational character as the Professionals’ Bank of India with the uncompromising Vision of “Building the Best Quality Bank of the World in India by 2020!
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