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 is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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