Recently a popular business news TV channel felicitated the persistent efforts of Rana Kapoor, MD & CEO, YES BANK towards fostering an entrepreneurial spirit and best practices at one of India's fastest growing banks. The 'India Talent Management Award' recognized the innovative strategy of the Bank to enhance the capability, capacity and confidence of the employees - to put them a step ahead in tomorrow's workplace and economy.
The visionary leader strongly believes in empowering young Talent and as a CEO, he likes to play the role of Chief Mentor for bright young talent, handpicked to take up challenges and transform into future leaders. "Our comprehensive 'Leadership Development' approach ensures that there is suitable, customised intervention to massively multiply Leadership Capability and Capacity among the identified employees." he said on receiving the honor.
For the workforce to succeed in these times of automation and digitization, he believes that there are three key elements crucial for success:
i. A mindset to understand evolving customer needs and design near perfect products and services to match customer expectations
ii. Continuously research on latest technology elements in different spheres and evaluate applicability to solve our customer's needs
iii. Most importantly, having a framework to take these service innovations to the last mile
The Bank has been among the first to institutionalize innovative Talent acquisition and retention programs across experience levels, with flagship initiatives such as Y-PEP (YES-PROFESSIONAL ENTREPRENEURSHIP PROGRAM). This programs aims at hiring management professionals directly from premier B-Schools in India and select foreign Universities.
It continues to harness the power of today's youth with initiatives such as YES Transformation Series, a case study challenge offering students an opportunity to work on real-life challenges faced by the financial sector. The initiative was recently ranked as the 2nd best B-school challenge by Dare2Compete.
Putting an emphasis on the need for sincere and honest communication, the CEO says that it is a trait which is often overlooked or at times leaders tend to over communicate. "You have to have a very high emotional quotient at your enterprise. This will make you realize that you can transform and build fantastic organizations." he adds.