Mumbai, April 26, 2018: YES BANK, India’s fourth largest private sector Bank announced the appointment of Mr. Rentala Chandrashekhar as an Additional (Non-Executive) Director, with effect from April 26, 2018.
The shareholders’ of the Bank would consider the appointment of Mr. Rentala Chandrashekhar as an Independent Director on the Board of YES BANK, at the ensuing Annual General Meeting of the Bank, in terms of the provisions of the Companies Act, 2013.
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.
With this appointment, YES BANK’s current Board constitution is as follows:
Mr. Ashok Chawla, Non-Executive (Independent) Chairman
Mr. Ajai Kumar, Non-Executive Non-Independent Director
Mr. Brahm Dutt, Independent Director
Lt. General (Dr.) Mukesh Sabharwal (Retd.), Independent Director
Mr. Vasant V Gujarathi, Independent Director
Mr. Rentala Chandrashekhar, Additional (Non-Executive) Director
Dr. Pratima Sheorey, Additional (Non-Executive) Director
Mr. Subhash Chander Kalia, Additional Director (Non-Executive Non-Independent)
Mr. Rana Kapoor, Managing Director & CEO
Speaking on the occasion, Mr. Rana Kapoor, MD and CEO, YES BANK, said, "Mr. Rentala Chandrashekhar is a highly experienced, accomplished and respected leader in IT and Telecom sector. We look forward to his guidance as member of the Board of Directors at YES BANK, particularly the Bank’s Digital Banking, Technology and Payments initiatives to actualize the vision of building a ‘Technology Company in the business of Banking’, offering different solutions to our Corporate Clients, Retail customers as well as Fintech partners.”
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 28 states and 9 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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