Mumbai, October 17, 2018
Shri. Rana Kapoor's tenure as MD & CEO, YES BANK
The Reserve Bank of India has reaffirmed that a successor to Shri Rana Kapoor, MD & CEO, YES BANK should be appointed by February 1, 2019.
As communicated by the Bank in the Press Release (attached) dated September 24, 2018, the MD & CEO will be fully guided by its Board of Directors, the Reserve Bank of India and other relevant stakeholders.
Further as stated in the Bank's release dated October 11, 2018, the Bank's ‘Search & Selection Committee’ has mandated Korn Ferry to assist the Committee in evaluating both internal and external candidates and make suitable recommendations to the Board of Directors within stipulated timelines for RBI’s final approval. The Bank’s appointed committee is targeting to complete this recruitment process latest by mid December 2018.
About YES BANK
YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, 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.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.
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