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YES BANK announces Appointment of Mr. Subhash Chander Kalia as an Additional (Non-Executive Non Independent) Director

Mumbai, April 03, 2018: YES BANK, India’s fourth largest private sector Bank announced the appointment of Mr. Subhash Chander Kalia as an Additional (Non Executive Non Independent) Director with effect from April 03, 2018.

Mr. Subhash Chander Kalia has rich experience of over 38 years in the Banking Industry. Previously, Mr. Kalia served as Executive Director of Union Bank of India from November 21, 2009 to September 2011. He 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 served as Member of Indian Banks’ Association Committee on Agro Business and Financial Inclusion for the year 2010-11. He is also Member of the Committee constituted by Reserve Bank of India to re-examine the existing classification and suggest revised guidelines with regard to priority sector lending classification and related issues. He is currently on the board of NABARD Financial Services Ltd. as an Independent Director. He served as the Chairman of Regional Rural Bank, Pratapgarh.

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.

With this appointment, YES BANK’s current Board constitution is as follows:

  1. Mr. Ashok Chawla,  Non-Executive (Independent) Chairman

  2. Mr. Ajai Kumar, Non-Executive Non-Independent Director

  3. Mr Brahm Dutt, Independent Director

  4. Ms. Debjani Ghosh, Independent Director

  5. Lt General (Dr.) Mukesh Sabharwal (Retd.), Independent Director

  6. Mr. Saurabh Srivastava, Independent Director

  7. Mr. Vasant V Gujarathi, Independent Director

  8. Mr Subhash Chander Kalia, Additional Director (Non-Executive Non-Independent)

  9. Mr. Rana Kapoor, Managing Director & CEO

Speaking on the occasion, Mr. Rana Kapoor, MD and CEO, YES BANK, said, "Mr. Subhash Chander Kalia is an experienced leader and highly respected in the Indian Banking Industry. We look forward to his guidance as member of the Board of Directors at YES BANK towards scaling the Bank in its next phase of growth, particularly towards the Bank’s focus on Retail Lending driven by growth in Agriculture & allied sectors, Rural Banking and MSMEs  as well as Risk Management for these businesses”.

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/

For media queries, please contact:

YES BANK
Jitesh Patel
Email: jitesh.patel@yesbank.in

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