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Private sector lender YES Bank has appointed three of its senior management executives as whole-time directors on its board, according to a release filed with the Bombay Stock Exchange.
The board of directors at its meeting held on June 27, 2013, has given its approval to submit applications to the Reserve Bank of India for the appointment of top management executives — Rajat Monga, Sanjay Palve and Pralay Mondal — of the bank as whole-time directors, subject to RBI and shareholders’ approval, the bank said in the release.
Rajat Monga is Executive Director & CFO, Sanjay Palve is Executive Director - Wholesale Banking and Pralay Mondal is Executive Director - Branch & Retail Banking.
“This development is in line with the bank’s objective to further build and strengthen the institutional and professional character of YES Bank as the ‘Professionals Bank of India’,’’ it said.
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