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The transition of the top management at YES Bank seems to be complete with Ravneet Gill taking over as the Managing Director and CEO of the private sector lender on Friday.
“His tenure, as approved by the Reserve Bank of India, is three years from the date of his joining – March 1, 2019, to February 28, 2022,” YES Bank said in a regulatory filing, adding that his appointment will be subject to approval of shareholders at the ensuing Annual General Meeting of the bank to be held in June.
Simultaneously, Ajai Kumar ceased to be interim MD and CEO of the bank. “Kumar continues as a Non-Executive, Non-Independent Director on the board of the bank,” the lender further said.
Gill was appointed as the private sector lender’s MD and CEO in January this year to take over from the founder MD and CEO, Rana Kapoor, who stepped down after January 31, 2019.
Gill was previously the CEO of Deutsche Bank’s India operations since 2012.
YES Bank shares gained 2.68 per cent, and closed at ₹237.40 apiece on the BSE
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