Mumbai, December 5, 2017: YES BANK, India’s fifth-largest private sector bank, has collaborated with Moody’s Analytics to provide credit certification to its Credit Management employees. The certification is aimed at upgrading the existing knowledge levels of its employees and to give them exposure to the industry’s best practices.
YES BANK employees will have to go through one of the two certification courses offered by Moody’s Analytics based on their roles:
- Course 1: Certificate in Commercial Credit (CICC) for Corporate/Wholesale Banking Credit Underwriters
- Course 2: Credit Skills for Bankers Certificate (CSBC) for Small and Medium Enterprise Underwriters and for Retail Credit Underwriters
The Certification Courses are globally recognized & offer tailored content for the Indian markets.
Speaking about the partnership, Deodutta Kurane, Group President, Human Capital Management, YES BANK, said, “YES School of Banking – YES BANK’s L&D function, has partnered with Moody’s Analytics for their certification courses to leverage their deep expertise in credit and risk management and to offer the full spectrum of world-class skills and knowledge to our employees.”
Ari Lehavi, Executive Director of the Moody’s Analytics Learning Solutions Division, said, “We are very pleased to work with one of the leading private sector banks in India to help enhance the credit assessment skills of its Risk Management and Credit Underwriting staff. Our training programs use interactive case studies to offer a robust and comprehensive online learning experience that instils a strong foundation in the principles and application of credit lending.”
As per RBI’s (Reserve Bank of India) circular on ‘Capacity Building for Banks and All India Financial Institutions (AIFIs)’, banks have been mandated to certify employees working in specialized areas (Treasury Operations, Risk Management, Accounting, and Credit Management). RBI has accredited Moody’s Analytics certifications in the area of Credit Management. For acquiring certifications on Treasury Operations, Risk Management and Accounting, YES BANK has partnered with the training institutes for Banks mandated by the Indian Banks’ Association (IBA) viz. IIBF, NIBM, ISACA, and GARP (Global Association of Risk Professionals).
About Moody’s Analytics
Moody’s Analytics helps financial and risk professionals worldwide respond to an evolving marketplace with confidence. The company offers unique solutions for measuring and managing financial and risk performance. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). Moody's Corporation also includes Moody's Investors Service as its separate ratings subsidiary. Moody's corporation reported revenue of $3.6 billion in 2016, employs approximately 11,700 people worldwide and maintains a presence in 41 countries. Further information is available at www.moodysanalytics.com.
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/