Mumbai : YES BANK today announced that Reserve Bank of India has vide its letter dated January 23, 2019 approved the appointment of Ravneet Gill as the MD & CEO of YES BANK for a period of 3 years from the date of joining. Gill is expected to join the Bank latest by March 1, 2019. The appointment will be subject to the approval of shareholders at the ensuing Annual General Meeting of the Bank to be held in the month of June, 2019.
Gill was the number 1 priority candidate in the submissions made by the Bank to RBI on January 10, 2019. (Profile attached). The Board of Directors of YES BANK have scheduled a special Board Meeting to be held on Tuesday, January 29, 2019, and will inter alia finalize on the delegation of powers for transition management in the interim period commencing from February 1, 2019 until Ravneet Gill assumes office.