YES Bank Limited Appointment of Mr. Prashant Kumar as the MD & CEO (2258C)
07 Ottobre 2022 - 4:01PM
UK Regulatory
TIDM16ER
RNS Number : 2258C
YES Bank Limited
07 October 2022
YBL/CS/2022-23/Int/021
October 07, 2022
India International Exchange IFSC The Singapore Exchange Securities
Limited Trading Limited
101 First Floor, Hiranandani Signature 2, Shenton Way #19-00
Tower, SGX Centre 1, Singapore 068804
GIFT City IFSC - 382355, Gujarat,
India
The London Stock Exchange
10, Patemoster Square,
London, EC4M 7LS
Dear Sirs,
Sub.: Appointment of Mr. Prashant Kumar as the Managing Director
& Chief Executive Officer of the Bank for a period of 3
years
This is further to our earlier communication in relation to
Outcome of Board Meeting dated July 15, 2022 wherein the alternate
Board had recommended to the Reserve Bank of India ("RBI") for its
approval, the appointment of Mr. Prashant Kumar as Managing
Director & Chief Executive Officer (" MD &CEO ") of the
Bank for a period of three (3) years .
We would like to inform that RBI vide its letter dated October
06, 2022 has approved the appointment of Mr. Prashant Kumar (DIN
07562475) as the MD &CEO of the Bank under Section 35B of the
Banking Regulation Act, 1949 for a period of three (3) years
effective from October 06, 2022 , subject to approval of
shareholders .
The brief profile of Mr. Prashant Kumar is given in Annexure
1.
Further, please note that Mr. Prashant Kumar is not related to
any other Directors or Key Managerial Personnel of the Bank and he
is not debarred from holding the office of a director, by virtue of
any SEBI order or any other such authority/regulator.
The above is for your information and dissemination to all
concerned.
Thanking you,
Yours faithfully,
For YES BANK LIMITED
Shivanand R. Shettigar
Company Secretary
Annexure 1
Brief Profile of Mr. Prashant Kumar
Mr. Prashant 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 fulfill its
unwavering commitment towards its customers and stakeholders. 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.
Prior to joining YES Bank, Mr. Kumar was Deputy Managing
Director & CFO of SBI, India's largest Bank. He served the Bank
in various capacities and has a rich experience in diverse fields
ranging from credit to human resources. He joined the Bank as
Probationary Officer in 1983 and during his 34 years of service
with the Bank, he has held various key assignments including Dy.
Managing Director (HR) & Corporate Development Officer, Dy.
Managing Director & Chief Operating Officer, Chief General
Manager, Kolkata Circle, General Manager, Local Head Office Mumbai,
DGM (Industrial relations) and faculty in Bank's Apex Training
Institute - State Bank Academy, Gurugram.
He holds degree in Science and a law from Delhi University.
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END
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