Board of Directors and Committees
YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
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Mr. Rana Kapoor
“ Rana Kapoor is the Managing Director & CEO of YES BANK. As a professional entrepreneur, since 2003, he is progressively establishing a high quality, state-of-the-art private Indian Bank with a vision of Building the "Best Quality Bank of the World in India" by 2025. ”
-Mr. Rana Kapoor ,Founder, Managing Director & CEO
Rana Kapoor is the Founder & CEO of YES BANK. As a professional entrepreneur, since 2003, he is progressively establishing a high quality, state-of-the-art private Indian Bank with a vision of “Building the Best Quality Bank of the World in India” by 2020. Under his leadership, YES BANK has steadily evolved as the “Professionals’ Bank of India” with exemplary business and financial outcomes as evidenced in the financial results since inception, with highest RoA/RoE, and the best asset quality amongst leading Public and Private Banks in India.
Rana Kapoor received an Honorary Fellowship from All India Management Association (AIMA), Doctorate in Science (Honoris Causa) from G.B. Pant University of Agriculture & Technology, India’s foremost and oldest Agri University, for his contribution to the Food & Agribusiness sector in INDIA. He holds an MBA degree from Rutgers’ University in New Jersey, U.S.A. (1980), and a Bachelor’s degree in Economics (Honours) from the University of Delhi (1977). He has also received the prestigious President’s Medal from Rutgers University.Rana Kapoor is the Founder & CEO of YES BANK. As a professional entrepreneur, since 2003, he is progressively establishing a high quality, state-of-the-art private Indian Bank with a vision of “Building the Best Quality Bank of the World in India” by 2020. Under his leadership, YES BANK has steadily evolved as the “Professionals’ Bank of India” with exemplary business and financial outcomes as evidenced in the financial results since inception, with highest RoA/RoE, and the best asset quality amongst leading Public and Private Banks in India.
In a span of 12 years, YES BANK has received significant national and global recognitions and accolades including the prestigious Bank of the Year, India Award 2015 from The Banker magazine, UK, IMC RBNQA Business Excellence Award, 2013, Best Midsized Bank for 2015, 2013, 2012, 2010, 2009 & 2008 in the Business Today-KPMG Best Banks Annual Survey. YES BANK was awarded the Best Bank (Mid-Size) by Businessworld and adjudged Best Managed Bank in India by the Asian Banker (2011-2013), Jakarta, 2013. YES BANK received the Rank 1 Sustainable Bank of the Year (Asia/Pacific) award at the FT/IFC Sustainable Finance Awards 2012 and 2011, London and was included as a Foundation Member of the World Economic Forum (WEF), Geneva.
Rana Kapoor was recently felicitated for his ‘Outstanding Contribution to Innovation in Financial Services Industry’ by IIM Ahmedabad and for his contribution to the Banking and Financial Services Industry by IIM Indore. In July 2016, he was honoured as ‘The Leading Banker of the Decade’ by The Indian Chamber of Commerce (ICC). In May 2016, he was recognized by the London Business School India Business Forum for Exemplary Contribution to Innovation and Entrepreneurship, he was also adjudged the CEO of the Year at the Legal Era Awards and Best CSR Leadership Award (Gold) at the 8th Annual Global CSR Summit and Awards in Bali. He was also felicitated by the Indian Institute of Technology, Mumbai for his exemplary contribution to fostering Entrepreneurship in India and by the Indian Institute of Management Kozhikode for his Exemplary Contribution to Financial Services. He was also felicitated by The Institute of Rural Management Anand (IRMA) for his "Exemplary Contribution to Agribusiness in Emerging Economies". Mr. Kapoor was honored by the Goa Chamber of Commerce and Industry Outstanding contribution to the Growth and Welfare of the State of Goa. He was also honored for ‘Contribution towards promoting India-Canada bilateral relations’ by The High Commission of Canada & The Indo-Canadian Business Chamber (ICBC). Mr. Kapoor was also presented the first ever ‘C Rangarajan Award for Excellence in Banking’ at the 38th SKOCH Summit. Mr. Kapoor was felicitated for Lifetime Contribution for Promotion of Indian Tourism by the Pacific Asian Travel Writers Association, ITB Berlin. Mr. Kapoor received the ‘Best Business Innovator’ award at the Asia Business Leadership Forum. He was recognized as ‘Visionary Business and Banking Leader’ by NAREDCO, MCHI- CREDAI and FHRAI for his extraordinary contributions to Housing & Construction, Urban Infrastructure, Tourism and Hospitality sectors among others in 2014. He had earlier received The Asian Banker CEO Leadership Achievement Award for India, 2013. He has also received the 2013 Godfrey Phillips ‘National Special Social Award’ for actively driving the vision of Responsible Banking. He was acknowledged as the BS Banker of the Year 2011 by Business Standard, and received the Entrepreneur of the Year award at the Asia Pacific Entrepreneurship Awards 2011. Mr. Kapoor received the Indian Business Leader of the Year award at the FICCI-Horasis Global Indian Business Meeting 2010 in Spain, and was awarded the Start-up Entrepreneur of the Year 2005 at the Ernst & Young Entrepreneur of the Year Awards.
Prior to establishing YES BANK, Rana Kapoor was CEO & Managing Director, and main Managing Partner of Rabo India Finance (RIF) Pvt. Ltd. (a corporate finance and investment banking organisation). He successfully spearheaded RIF as a foreign joint venture financial services organization in partnership with Rabobank (AAA rated) in India and assiduously built RIF as a Professional Entrepreneur from 1998-2003. Thereafter he sold his shareholdings to Rabobank, Netherlands, in early 2003.
Prior to starting Rabo India, he was the General Manager & Country Head: ANZ Grindlays’ Investment Bank (ANZIB, from 1996-98). He spent 15 years at Bank of America (1980-1995), where he last headed the Bank’s Wholesale Banking businesses and held several positions of increasing responsibility, including assignments in Asian countries. He was presented the Eagle Pin by the Chairman of Bank of America in 1990, the highest professional recognition for consistent performance excellence at Bank of America, amongst several other enterprising achievements.
Mr. Kapoor is a member of the following :--
Click here to read the complete profile of MD & CEO, Rana Kapoor
To know about the awards and accolades received by Rana Kapoor, Click here.
Mr. Ashok Chawla
“ Mr. Ashok Chawla has been appointed as a Non-Executive Independent Chairman of YES BANK on October 30, 2016. ”
-Mr. Ashok Chawla ,Non-Executive Part-time Chairman
Mr. Ashok Chawla has been on the Board of YES BANK since March 2016 and currently holds the position of Non-Executive Independent Chairman of YES Bank Limited since October 30, 2016.
Prior to joining YES BANK, Mr. Ashok Chawla was the Chairman of the Competition Commission of India (“CCI”). Mr. Chawla has been a distinguished civil servant with over 40 years of experience in various sectors of the economy in India as well as in International Multilateral agencies. He obtained his Masters in Economics from the Delhi School of Economics in 1972 and joined the Indian Administrative Service in 1973. He started his career in the State of Gujarat and held various positions, including Chief Executive of important State-Owned enterprises. Notably, he was the head of the multi-billion dollar Sardar Sarovar Narmada multi-purpose project.
In the late 1980's, he was posted as Economic Counsellor in the Indian Embassy in Washington DC, USA.
Between 1998 and 2011, Mr. Chawla worked in several senior positions in the Federal Government at Delhi. He has been Permanent Secretary in key ministries of the Government of India such as Finance, Economic Affairs, and Civil Aviation.
He has been on the Boards of Reserve Bank of India, Insurance Regulatory and Development Authority, State Bank of India and Life Insurance Corporation of India. He was also at different points in time India's Executive Director on the International Fund for Agricultural Development, Alternate Governor for India at the World Bank and at the Asian Development Bank.
Mr. Chawla had also held leadership positions in the corporate sector. He has been Chairman and Managing Director of Indian Petrochemicals Corporation Limited and a Director on the Oil and Natural Gas Corporation (ONGC).
In view of his rich and diversified experience, after his retirement from the civil service, he was appointed as the Chairman of the CCI for the period 2011-2016. The CCI is a new market-economy regulator to ensure fair play by business and Industry and it gained immensely in stature during this period.
Positions currently held by Mr. Chawla in other organizations are as under:
Lt General (Dr.) Mukesh Sabharwal (Retd.)
“ Lt Gen (Dr.) Mukesh Sabharwal (Retd.) has been on the Board of YES BANK since April 2012 as an Independent Director. ”
-Lt General (Dr.) Mukesh Sabharwal (Retd.) ,(Independent Director)
Lt Gen (Dr) Mukesh Sabharwal has been on the Board of YES Bank since April 2012 as an Independent Director.
A hardcore professional, Gen Sabharwal had an outstanding service career, spanning over 40 years in the Indian Army that began with successfully fighting in the Indo-Pakistan War in 1971. He has a rich operational experience having served in Siachen, Ladakh, Manipur in North East India, and several tenures in Jammu and Kashmir engaged in counter terrorist operations.
He was the Corps Commander of the sensitive 15 Corps at Srinagar responsible for maintaining internal security and stability within the Kashmir Valley. He was the Security Advisor to the J&K Government in 2007-08 during the President’s Rule arising out of the Amarnath Shrine Board agitation.
Appointed as the Adjutant General of the Indian Army in 2008, he managed the entire Human Resources of over 11 lakh officers and soldiers and interests of 22 lakh ex-servicemen. He has sound experience in policy formulation, implementation and monitoring of manpower planning, personnel services, recruitment, selection, discipline, vigilance, welfare and security.
Having done his schooling from St. Columba’s High School, Delhi, he has completed his Masters in Defence Studies from Madras University and Masters in Management Studies from Osmania University. He is also a Master of Military Arts and Science from CGSC University, Kansas, USA, a Master of Strategic Studies from US Army War College, Pennsylvania, USA and an M(Phil) in Defence Studies from Madras University.
He completed his PhD from the Indira Gandhi National Open University, New Delhi in 2015. The subject of his thesis was “Terrorism in South Asia and its Relationship to India’s Security”.
He was awarded the Param Vishisht Seva Medal for distinguished services of an exceptional order by the President of India. Earlier, he had been awarded the Vishisht Seva Medal, the Ati Vishisht Seva Medal and the Bar to Ati Vishisht Seva Medal.
He retired from service in 2011. In 2015, he was nominated by the Raksha Mantri to Chair a Committee of Experts to review the litigation and grievances in the Defence Services of India.
In 2016, he was a member of the RMC Expert Committee to review the combat potential of the Defence services.
Mr. Brahm Dutt
“ Mr. Brahm Dutt has been on the Board of YES BANK since July 2013 as an Independent Director. ”
-Mr. Brahm Dutt ,(Independent Director)
Mr. Brahm Dutt has been on the Board of YES BANK since July 2013 as an Independent Director.
During his career in the IAS for 37 years, he held several posts in the State Government of Karnataka as well as in the Central Government and rose to the level of Secretary to Government of India. Before retirements from the service, he worked as Secretary in the Cabinet Secretariat and in the Ministry of Road Transport & Highways, for over three and half years. After retirement from the IAS, he was an advisor (Energy & Highways) to Government of Karnataka from May 2011 to September 2013. Besides advising several private companies on issues related to SMEs, FDI, infrastructure, highways and power, he was also associated with several government committees and task forces.
His core competence is in the area of SME development. He had held prominent positions such as Joint Development Commissioner for Handlooms, Ministry of Textiles, Executive Director, Indian Silk Export Promotion Council and Joint Secretary (SSI), Ministry of Industry, in Government of India for over 10 years and Director of Industry and Commerce in Karnataka for about 2 years. He has acted as a member on the board of directors of SIDBI, NSIC, KSFC, KSSIDC and several other public sectors undertakings associated with development and financing of small scale and micro enterprise in Karnataka. He has closely dealt with issues connected with availability of credit to these sectors and was associated with several high level committees for improving availability of credit to these sectors. As Joint Secretary, the very first initiative for development of micro finance institutions in the country was taken by him.
Some other posts held in Government of India are Chairman, Tariff Authority for Major Ports, Chairman, National Authority for Chemical Weapons, Additional Secretary (Department of Personnel & Training), Counsellor (Commerce & Finance, Embassy of India, Washington DC) and Deputy Secretary (Ministry of Commerce). In the state Government of Karnataka, he held the posts of Principal Home Secretary, Principal Secretary (Disinvestment & Public Sector Reforms), CMD, Mysore Paper Mills, Secretary (Education) and also worked in the field as Assistant Commissioner in-charge of sub-division and Deputy Commissioner of Mysore District in Karnataka Government.
He had led several missions as International Consultant for the International Trade Centre, Geneva for preparation of projects for development of SMEs in Ghana, Nigeria and The Gambia in Africa. He also acted as a Consultant for UNIDO and UNDP.
Mr. Dutt is M.Sc (Physics), MA (Economics) & LL.B. and has more than 37 years of experience in Indian Administrative Services (IAS).
He is also the Non-Executive Chairman and Independent Director on the Board of Bharat Road Network Limited, a listed company promoted by SREI Group for development of Highways in the Country.
Mr. Subhash Kalia
Mr.Subhash Chander Kalia, has been appointed as an Additional Director of YES BANK on April 03, 2018.”
-Mr. Subhash Kalia ,Additional Director
Mr. Subhash Chander Kalia has rich experience of over 38 years in the Banking Industry holding key positions in India and abroad. Previously, Mr. Kalia served as an Executive Director of Union Bank of India from November 2009 to September 2011. He also served as an Executive Director of Vijaya Bank Ltd. from October 2008 to November 2009. Mr. Kalia joined Bank of Baroda in 1973 and worked in several capacities up to the level of General Manager till 2008. He was instrumental in setting up Baroda Pioneer Asset Management Company and Baroda L & G Life Insurance Company.
Mr. Kalia has significant expertise in Agriculture lending, Financial inclusion and Priority Sector Lending. He has also served on various Committees constituted by RBI / Association / Government of India such as Indian Banks’ Association Committee on Agro Business and Financial Inclusion for the year 2010-11, Empowered Committee on External commercial Borrowing of RBI, Committee constituted by RBI to re-examine the existing classification and suggest revised guidelines with regard to priority sector lending classification and related issues,Committee constituted by Government of India to identify issues in financing of Projects in Road, Conventional Power, Fuel & Fuel & Energy, Urban Transport and other Sectors as identified in Indian Infrastructure Report, etc.
Mr. Kalia has also been associated with corporate and NBFCs as advisor in financial service sector space. He has rich experience in corporate governance practices followed in India and abroad, having served on the Boards of several Banks and Institutions.. He has also served as the Chairman of Regional Rural Bank, Pratapgarh, Director on the Board of erstwhile Bareilly Corporation Bank Limited, Nainital Bank Limited, Shahjahanpur Kshetriya Gramin Bank Limited and Bareilly Kshetriya Gramin Bank Limited and various overseas subsidiaries of Bank of Baroda , etc.
Mr. Kalia holds a Bachelor's degree in Arts from Punjab University and a Master's degree in Political Science, with the distinction of standing first in the University from Guru Nanak Dev University and is also a Gold Medalist. He is also a qualified CAIIB.
He is also a director on the Board of various companies including BOI AXA Investment Managers Ltd. and IFCI Venture Capital Fund Limited.
Mr. Vasant V Gujarathi
“ Mr. Vasant Gujarathi has been on the Board of YES BANK since April 2014 as an Independent Director. ”
-Mr. Vasant V Gujarathi ,(Independent Director)
Mr. Vasant Gujarathi has been on the Board of YES BANK since April 2014 as an Independent Director.
He has more than 35 years of post-qualification experience in PriceWaterhouse Coopers (PwC) in various capacities/roles and working with some of the largest multinational Companies in India. He joined Lovelock & Lewes, Chartered Accountants, in August 1976, initially a member firm of Coopers & Lybrand International and subsequently member firm of PwC. He was also a Partner with PWC India for 22 years (1991-2013) with PwC's Assurance and Business Advisory Services (ABAS) group and had also represented PwC India on PwC Global Committee for "Industrial Products" Industry. He has over three decades of Audit experience of working with some of the large multinational and domestic Indian Companies.
He has exposure in the field of audit, financial systems, operations, risk management, regulatory compliance, internal audit services, IT strategy implementation, talent management, corporate governance review & advisory services, ethics assessment and program development, etc.
He is a Chartered Accountant and B.Com (Hons.) from POONA University.
Mr. Gujarathi is also on the Board of YES Securities (India) Limited, wholly owned subsidiary of YES BANK Limited.
Mr. Ajai kumar
“ Mr. Ajai Kumar has been appointed as Non-Executive Non Independent Director of YES BANK on January 29, 2016. ”
-Mr. Ajai kumar ,Non-Executive Non-Independent Director
Prior to this, he was acting as Senior Strategic Advisor of the Bank since 2014. Mr. Ajai Kumar has a distinguished career in banking industry having more than forty years of experience in Public Sector Banking Industry holding eminent leadership positions in India and overseas (New York, USA) including as CMD of Corporation Bank, Executive Director of UCO Bank and as General Manager & Head of Technology and Retail Banking at Bank of Baroda.
As CMD of Corporation Bank, he provided strong leadership to take Bank to next level of Business and Next Generation Technology, implemented turnaround strategies successfully by creation of strong business processes and structures in the form of Circle Offices for better efficiency and controls, launching SME Loan Centres, Agriculture Business Development Cells, and several Gold Loan Shoppes. Under his leadership, Corporation Bank emerged as the Bank with very strong financials, best productivity, best asset quality and best customers services among its peers. The Bank was ranked No. 1 in the country for its performance in MSME finance for the year 2012-13 and honoured with National award by Prime Minister of India.
Prior to Corporation Bank, Mr. Ajai Kumar was Executive Director of UCO Bank wherein, he had developed significant improvements in structures, systems and controls in operations, credit monitoring and supervision.
Ajai Kumar is a Law Graduate and a Post Graduate in Physics from University of Allahabad. He is a Certified Associate of Indian Institute of Bankers (CAIIB). He started his career with Bank of Baroda joining as a Direct Officer in the year 1973.
In his thirty six years of service in Bank of Baroda, he had held various positions handling key responsibilities in Head Office, Zonal Offices, Branches, New York Office and Off-shore Banking Operations of Nassau, Bahamas, covering a vast spectrum of banking operations. He also played a pivotal role in strengthening and consolidating Retail Business with centralized process through Retail Loan Factories and introduction of several new value-based products for customers. His hands-on and practice-driven experience facilitated balanced decision making with insight into all aspects.
Mr. Ajai Kumar secured several awards and accolades in his illustrious career as a Banker and has also been honored with Outstanding Award for the paper submitted on "Knowledge Management - A Perspective for Public Sector Banks" in BECON 2003. He was also a Member of the Board of Directors at Indo Zambia Bank Ltd and Multi Commodity Exchange of India Limited. and is currently holding directorship of various Companies including Nuclear Power Corporation of India Limited and Metropolitan Stock Exchange of India Limited.
Dr. Pratima Sheorey
Dr. Pratima Sheorey has been appointed as an Additional (Non-Executive Independent) Director of YES BANK on April 26, 2018.”
-Dr. Pratima Sheorey ,Additional (Non-Executive Independent) Director
Dr. Sheorey has over 21 years of experience in Academics (Marketing), Consumer behaviour, Market Research, Training and Customer Insight mapping. She is currently the Director of Symbiosis Centre for Management and Human Resource Development (SCMHRD), a leading B-school in Pune. She has also served as Director of Symbiosis Institute of International Business (SIIB) from April 2013 to August 2013. Dr. Sheorey was a full time Faculty at SCMHRD as an Associate Professor in the Department of Marketing from July 2007 till April 2013 as well as a Visiting Faculty from June 1999 till January 2001 and Full time Faculty from January 2001 till July 2003. She has also been associated with Hero Corporate Services Limited, ORG – MARG (The Nielson Company) and IMRS India Ltd for Research.
Dr. Sheorey brings with her extensive research on Consumer behavior, Customer loyalty, Market research across consumer focused sectors, with a specific emphasis on creating an all-round experience in customer engagement. She has co-authored numerous papers for Journals and has also co-authored a chapter, ‘A conceptual framework for determining brand attitude and brand equity through text analytics of social media behavior’ in Encyclopedia of Information Science and Technology.
Dr. Sheorey is a Ph.D. in Marketing and is a MBA (Marketing) from Pune University. She is a Bachelor of Science (Microbiology) from Pune University and qualified USG NET in 2012.
Mr. Rentala Chandrashekhar
Mr. Rentala Chandrashekhar has been appointed as an Additional (Non-Executive Independent) Director of YES BANK on April 26, 2018.”
-Mr. Rentala Chandrashekhar ,Additional (Non-Executive Independent) Director
Mr. Chandrashekhar has extensive experience in IT and Telecom sectors. He is the immediate Past President of NASSCOM. Under his leadership, NASSCOM strengthened its position as a leading voice of the industry in the wake of rising scale, diversity and transformation in the IT-BPM industry in the country. He also undertook various industry initiatives for driving the growth of start-up eco-system in the country and building agile, scalable skilling programs for New Age tech skills. He was also a member of the Committee on Digital Payments set up by the Ministry of Finance that submitted its recommendations in December, 2016 to strengthen the digital payments eco-system in the medium term.
Mr. Chandrashekhar has also been the Secretary to the Government of India for Electronics and IT as well as Chairman of the Telecom Commission of India and Secretary, Telecom. He was a member of the Indian Administrative Service since 1975 and retired from Government service in 2013. Mr. Chandrashekhar has acted as strategic adviser to large global companies, major banks and Indian startups apart from serving as Director on the Boards of several companies.
Mr. Chandrashekhar has extensive experience in the Government for formulating and implementing policies, strategies and action plans to foster the growth of the Telecom and IT industry which also includes infrastructure, Human Resource Development, e-governance and establishing Public Private Partnerships.
Mr. Chandrashekhar holds a Master’s degree in Computer Science from Pennsylvania State University, USA and a Master’s degree in Chemistry from the Indian Institute of Technology, Bombay. He has several honors and awards to his credit including the Prime Minister’s Award for Excellence in Public Administration, the Data Quest Path Breaker of the Year Award and is a distinguished Alumnus of IIT Bombay.
Mr. Chandrashekhar is also a director on the Board of Goods and Service Tax Network.
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