Yes Bank is planning to open 60 branches and 75 offsite ATM centres by June 2007, two processing centres at DLF Cyber City Centre at Gurgaon and Tiecicon House at Mahalaxmi, Mumbai, and ramp up the retail banking headcount (currently at 1,000) to at least 1,800 executives by March 2007.According to a release issued by Yes Bank to the BSE today, the bank has also strengthened the retail banking team by nominating two top-level executive sponsors and appointing three regional heads who will be reporting directly to managing director and CEO Rana Kapoor."Sunil Gulati, who is currently the group president & head - risk management & corporate development - will take on additional responsibility as the executive sponsor responsible for the retail risk framework, KYC norms and retail assets. Ajay Mahajan, group president financial markets & investment management will be the executive sponsor for the development and execution of key differentiated product offerings and non-branch channel distribution," the release added.
