Yes Bank Ltd, India’s fifth largest private sector bank by assets, has hired two executives from HDFC Bank Ltd as it seeks to expand its business by launching credit cards and widening the diversity in its loan book. It has appointed Rajanish Prabhu as senior president and national head for the credit card business set to be launched in the first quarter of the next fiscal year, the bank said in a statement on Tuesday. Before HDFC Bank Ltd, Prabhu was card payment company Visa Inc. The bank has also hired Ratan Kesh as senior president and country head branch service delivery.

Read Livemint's full report here.