New board of Yes Bank to have CEO, MD; employees to receive same remuneration for a year: SBI. State Bank of India said it will be … In the new board, three members are non-executive directors, two are from RBI and two are from SBI and notified Prashant Kumar as Managing Director and CEO. Yes Bank gets new board; Bandhan Bank, Federal Bank to invest Rs 300 crore each According to the scheme approved by the government, the office of the Administrator of the reconstructed bank, appointed by the RBI, “will stand vacated immediately after seven calendar days from the date of cessation of moratorium”. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. If we compare YES Bank's FD interest rates with those offered by other large private-sector banks such as ICICI Bank and HDFC Bank, YES Bank is offering a higher interest rate of … The new board of the troubled lender YES Bank will convene its first meeting after the government notified the scheme of reconstruction for the bank on March 26. While notifying the YES Bank reconstruction scheme, the Centre has said the new board of directors will be led by Prashant Kumar, former chief financial officer and …

The YES Bank board was reconstituted with immediate effect with the appointment of eight members under the pursuant to YES Bank Limited Reconstruction Scheme, 2020. Yes Bank constitutes new board, approves raising Rs 5,000 crore Former SBI official Prashant Kumar has been formally appointed as the MD and CEO of Yes bank. This is in accordance with the reconstruction notification, which stated that the new board would take over within seven working days of the moratorium being lifted on March 18. NEW DELHI: Country's largest lender State Bank of India (SBI) -- … YES BANK, is a high quality, customer centric and service driven Bank. Yes Bank’s independent Director and Audit Committee Chairman Uttam Prakash Agarwal resigned on Friday, citing governance concerns at the cash-strapped lender.He raised doubts on the processes related to the bank’s capital raising exercise. The Board of Yes Bank is meeting currently to discuss fundraising worth $2 billion from a slew of investors. New board of Yes Bank will have CEO, MD, non-executive chairman, non-executive directors: SBI - The Hindu.



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