Yes Bank to set up 60 branches, 75 ATMs by June '07

New Delhi, Sep 27: Charting out plans to strengthen its retail banking framework, Yes Bank today said it will establish 60 branches and 75 offsite ATM centres by June next year, besides two processing centres Gurgaon and Mumbai.

The bank will also ramp up its retail banking headcount to 1,800 executives by March 2007 from the present 1,000.

''We are determined to evolve an enduring service trust mark with excellence in service and product quality. It will be invaluable in extracting tremendous synergies across all parts of the bank as also in providing an external manifestation of are unique 'One-Bank Approach' with the objective of creating a delightful customer experience,'' Yes Bank Managing Director and CEO Rana Kapoor said.

It has nominated two top level Executive Sponsors and appointing three regional heads, who will report to Managing Director and CEO Rana Kapoor, who continues to directly oversee and is actively involved in building the retail-wealth management business.

The Executive Sponsors will provide guidance and advice and will work closely with the regional and product-investment heads to ensure faster acceleration / development of the bank's Retail Banking business.

UNI