Mumbai : The Reserve Bank of India has reaffirmed that a successor to Rana Kapoor, MD & CEO, YES BANK should be appointed by February 1, 2019. As communicated by the Bank in the Press Release dated September 24, 2018, the MD & CEO will be fully guided by its Board of Directors, the Reserve Bank of India and other relevant stakeholders.
“Further as stated in the Bank’s release dated October 11, 2018, the Bank’s ‘Search & Selection Committee’ has mandated Korn Ferry to assist the Committee in evaluating both internal and external candidates and make suitable recommendations to the Board of Directors within stipulated timelines for RBI’ s final approval. The Bank’s appointed committee is targeting to complete this recruitment process latest by mid December 2018” the bank said in a regulatory filing.