YES Bank has an in­terim MD & CEO

Banking Frontiers - - People Track -

With Rana Kapoor, co-founder and MD and CEO demit­ting of­fice at YES Bank on 31 Jan­uary, the bank’s board has ap­pointed Ajai Ku­mar, a nonex­ec­u­tive, non-in­de­pen­dent di­rec­tor on the board, as the in­terim MD & CEO un­til Ravneet Singh Gill, who has been se­lected as MD and CEO of the bank, takes over on 1 March. of Yes Bank, has hung up his boots as the manag­ing di­rec­tor & CEO of the pri­vate lender. The bank also an­nounced that its pro­moter groups headed by Rana Kapoor and Madhu Ka­pur, wife of later founder Ashok Ka­pur, had reached an un­der­stand­ing un­der which each group will ap­point one di­rec­tor on the board. The board now con­sists of nine di­rec­tors. These in­clude part-time chair­man Brahm Dutt, in­de­pen­dent di­rec­tor Mukesh Sab­har­wal, non-ex­ec­u­tive non-in­de­pen­dent di­rec­tor Sub­hash Chan­der Kalia and in­de­pen­dent di­rec­tor Pra­tima She­o­rey and Ajai Ku­mar. Ut­tam Prakash Agar­wal, T.S. Vi­jayan, Ma­h­eswar Sahu and Anil Jag­gia are the ad­di­tional (in­de­pen­dent) di­rec­tors.

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