Recruitment

Career opportunity at an emerging new generation bank YES Bank, for more information visit www.yesbank.in sub link Human Capital sub link Carrers OR http://www.yesbank.in/careers_sme.html

Recruitment

The Dhanalakshmi Bank Limited A leading profit making private sector bank with an all india network of 181 branches and business of around Rs.4500 crores requires for its expansion plans, officers in the Senior/Middle Management cadres for the following positions for its offices across the country. Designation Scale Chief Financial Officer --V/VI Zonal/Dept Head --V/VI Cost accountant -- III/IV Marketing officers -- I/II/III/IV Branch Heads -- II/III/IV Credit Officers -- II/III IS Audit Officers --II/III For more details kindly visit www.dhanbank.com

Bank Stock News

Lakshmi Vilas Bank-interview with CEO Mr.R.M.Nayak Business Line (08.11.2006) Karur headquartered Lakshmi Vilas Bank (LVB) has entered its 81st year of existence on November 3. The bank, as its chairman and CEO, Mr. R.M.Nayak, recalls has risen in strength and stature from a humble beginning with a modest capital of Rs.70,000 in 1926 to a 'vibrant' private sector bank with a network of 232 branches across 10 states and one Union Territory. "Our strategy has been two pronged, to broaden our reach in retail business by gaining a footprint in emerging geographies and deepening our existing relationship by bundling and cross-selling financial and insurance products under one roof. Our future plans are aimed at achieving volume led growth, improving operational efficiency and strengthening risk management efforts. We ultimately intend to have a tight business focus, enhance our brand image, have a strong customer orientation and achieve operational efficiency through the power of technology," he said. Excerpts from the interview; What have you envisioned for the bank as it crossed this milestone ? We aim to emerge as one of the top old generation private sector banks with strong fundamentals, be a proactive, socially responsible and professionally managed organisation with customer orientation and deliver services on the powr of technology. To commemorate this occasion, a month long customer-contact programme and new product launches are being organised. We have been taking strategic initiatives to strengthen the operational efficiencies across the organisation. The HR initiatives include promotions and recruitment, and skill enhancements through lateral induction in specialised areas of operation. Policy initiatives are oriented towards serving our customers effectively and efficiently. Our technology initiatives include launch of Core Banking Solution at five select branches on a pilot basis before end-November and extension of the same across 150 branches in about a year's time. In the second phase, all the remaining branches will be brought under CBs. How do you propose to strenghten your brand image ? To spread the message that the bank is changing with the times and as a part of branch building and image makeover exercise, we have adopted a new logo, which represents deep cultural values of the bank, an image of solidarity and strong convictions, even as it stands on the threshold of change. In our bid to project the bank's philosophy of 'wealth to every one associated with LVB', we have unveiled the new logo. The red-coloured base symbolises stability and goodness. The image of goddess Lakshmi embossed on a circle of ochre gold represents riches on the foundation of trusted values together with modernity and an ever-evolving change. The graphical rendition of gold coins reflects prosperity in a modern form. At this juncture, smaller banks are the picks for the bigger players to grow in size quickly and easily. How do you propose to combat this threat and establish a niche in the market place ? Though size is one of the factors that provide competitive edge, the fact that on the face of competition from financial conglomerates, small sized banks continue to operate profitably underscores the point that size does not matter at all times. This apart, expanding market and growing income levels have increased the niche market size and portend an active and more prominent role for the bank to play in the future.