Mumbai, January 25, 2019: Pursuant to the YES BANK release dated January 9, 2019, Subject – Update on YES Bank Board matters: Appointment of MD & CEO, YES BANK is pleased to share that Reserve Bank of India (“RBI”) has vide its letter dated January 23, 2019, approved the appointment of Ravneet Gill as the MD & CEO of YES BANK for a period of 3 years from the date of joining. Gill is expected to join the Bank latest by March 1, 2019. The appointment will be subject to the approval of shareholders at the ensuing Annual General Meeting of the Bank to be held in the month of June 2019.
Gill was the number 1 priority candidate in the submissions made by the Bank to RBI on January 10, 2019. (Profile attached).
The Board of Directors of YES BANK have scheduled a special Board Meeting to be held on Tuesday, January 29, 2019, and will inter alia finalize on the delegation of powers for transition management in the interim period commencing from February 1, 2019, until Ravneet Gill assumes office.
Speaking on the occasion, Rana Kapoor, MD & CEO, YES BANK, said, “On behalf of the Board of Directors and 21,000+ YES BANKers, I am extremely pleased to welcome Ravneet Gill as the new MD & CEO of YES BANK and also convey our finest appreciation to RBI for its expeditious approval in less than 3 weeks. I have had the opportunity to have known and briefly interacted with Ravneet Gill professionally over the years, and have admired his exceptional professionalism and outstanding leadership style. I am certain that his diverse, comprehensive experience as a career banker will provide significant confidence & conviction to all stakeholders including employees, customers, and investors.”
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