‘Banks need to take innovation to the last mile’
By Express News Service | Published: 17th April 2018 01:04 AM |
NEW DELHI: YES Bank CEO and MD Rana Kapoor believes that banks need to be able to not just make service innovations, but actually take these innovations down the last mile. Kapoor pointed out that a proper approach was needed to develop leadership. “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.
Kapoor added there were a few critical factors required for a workforce to succeed in these times of automation and digitisation. “A mindset to understand evolving customer needs and design near-perfect products and services to match customer expectations is a must. So is continuously researching latest technology in different spheres and evaluate applicability to solve customer’s needs,” Kapoor said. “Most important is having a framework to take these service innovations to the last mile”. The bank says it is one of the first to institutionalise talent acquisition and retention programs such as hiring management professionals directly from premier B-Schools