New Delhi, May 14 -- Yes Bank Ltd is planning changes to the compensation structure of its employees, including linking a larger chunk of their remuneration to performance, as part of a revamp ahead of Japan's Sumitomo Mitsui Banking Corp. (SMBC) joining its cap table.

India's sixth-largest private lender is also planning a leadership development programme to map the behavioural competencies of its seniormost executives to create a pipeline of future top bosses.

"The bank may increase the variable pay and bonus component starting with the senior leaders to make it more competitive in the banking industry," said a banking industry executive aware of the developments at Yes Bank. "The bank has given wants to give out a message that it can...