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YES Bank Ltd. - Outcome of Board Meeting

By Religare

Yes Bank Ltd has informed BSE that the Board of Directors of the Bank at their meeting held on June 27, 2013 have given their approval to make applications to Reserve Bank of India (RBI) for appointment of following Top Management Executives of the Bank as Whole-Time Directors :

1. Mr. Rajat Monga- Senior Group President, as "Executive Director & CFO";

2. Mr. Sanjay Palve - Senior Group President as "Executive Director - WholesaIe Banking"; and

3. Mr. Pralay Mondal - Senior Group President, as "Executive Director - Branch & Retail Banking".

This is to further build and strengthen the institutional and professional character of Yes Bank as the "Professionals Bank of India". Their appointment will take effect upon approval of RBI, and will be subject to approval of the Shareholders.

Read more about: yes bank
Story first published: Friday, June 28, 2013, 9:21 [IST]
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