Saturday, February 4, 2023
-Advertisement-
Digital Senate 2023
Digital Senate 2023
Digital Senate 2023
Digital Senate 2023
-Advertisement-
Digital Senate 2023
Digital Senate 2023
Digital Senate 2023
Digital Senate 2023
Tech ObserverNewsBFSIFollowing RBI clearance, Yes Bank names Prashant Kumar as MD and CEO

Following RBI clearance, Yes Bank names Prashant Kumar as MD and CEO

The Yes Bank alternate Board recommended to the RBI for its approval, the appointment of Kumar as MD & CEO of the Bank for a period of three years.

The Yes Bank alternate Board recommended to the RBI for its approval, the appointment of Kumar as MD & CEO of the Bank for a period of three years.

In a top level administrative go ahead, the has cleared the appointment of Prashant Kumar as MD and CEO of for three years with effect from October 6, 2022.

In July the alternate Board of the private sector bank recommended to the Reserve Bank of India for its approval, the appointment of Kumar as Managing Director & Chief Executive Officer (MD &CEO) of the Bank for a period of three years.

“We would like to inform that RBI vide its letter dated October 6, 2022, has approved the appointment of Prashant Kumar as the MD & CEO of the Bank for a period of three years effective from today i.e. October 6, 2022,” Yes Bank said in a regulatory filing on Thursday.

Kumar’s appointment is subject to approval of shareholders. Kumar was appointed as Managing Director & Chief Executive Officer of Yes Bank post the Reconstruction in March 2020.

Under his leadership, the bank embarked on transformation journey to emerge as a re-energized, re-capitalized and recalibrated organization, while continuing to fulfil its unwavering commitment towards its customers and stakeholders, the bank said.

“This has been one of the rare instances, where an Indian banking institution has been a real turnaround from the brink of collapse within an extremely short time frame of just one year,” it said further.

Prior to joining Yes Bank, Kumar was Deputy Managing Director & CFO of India’s largest bank SBI, where he served in various capacities.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

- Advertisement -
Digital Senate 2023
Digital Senate 2023
Digital Senate 2023
Digital Senate 2023

Your Comment on this Story

Comments

Share on activity feed

Powered by WP LinkPress

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -Digital Senate 2023
- Advertisement -ESDS SAP HANA Community Cloud

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

RELATED ARTICLES

- Advertisement -