With a population of over 1.3 Bn and a resource pool that’s touted to be the largest young workforce in the world by 2020, India is and will continue to be a powerhouse of talent, with its future looking steady in the hands of startups.
But whom does the onus of making India future-ready lie upon? Without a doubt, the established enterprises that can scale future entrepreneurs and skill with the right mentoring, resources, and capital. Several companies, with their uniquely designed accelerator and incubator programmes, have been doing this successfully.
One such enterprise that is committed to channelising entrepreneurs and talent in India in the right direction is YES Bank. The bank has introduced a host of multifaceted initiatives in this regard. These include:
- YES Fintech: A platform for startups to co-create innovative solutions for the bank’s 2 Mn+ customers and 20 global markets.
- Y-PEP (YES-Professional Entrepreneurship Program): An innovative and institutionalised talent acquisition program aimed at hiring the best available management professionals, directly from the Premier B-Schools. Launched in 2006 the programme mentors young leadership by a structured induction and learning designed for driving a high-performance in-turn.
- YES School of Banking (YSB): This program is focused on deploying learning and development solutions to impart the requisite skill-set needed to stay ahead in this present day competitive paradigm.
- YES Transformation Series: A case study challenge launched in 2010, providing a launchpad for some of the brightest minds in the world to come up with path-breaking ideas. Students are encouraged to design solutions for real-life problems across key sectors.
In recognition of these innovative efforts by the bank, Rana Kapoor, MD and CEO, YES Bank, and Chairman, YES Global Institute, who has been the driving force behind these initiatives, was recently felicitated at an awards function. “A new paradigm for tech-based companies and in particular companies of the future is to build scalable and sustainable talent acquisition, development and retention programs. As one of the fastest growing banks in India, it is our constant endeavour to engage skill and mentor talent, and channelise their entrepreneurial spirit for solutions that are ‘future ready’,” emphasised Rana Kapoor, on being felicitated.
YES Bank has taken a thought-leadership positioning by going beyond the financial sector and its needs and working to empower other sectors by inviting solutions and technological innovations which can then be liaised financially. The efforts of the bank towards job creation, skill development, and overall entrepreneurial growth will eventually lead to a sustained economic growth and put India ahead on the global map!