Ravneet Gill to be YES Bank boss after Rana Kapoor's tenure ends on Jan 31

Business Standard Ravneet Gill to be YES Bank boss after Rana Kapoor's tenure ends on Jan 31

In October, the RBI had refused to give incumbent CEO Rana Kapoor an extension to his term

Companies News: Ravneet Gill, a career banker with Deutsche Bank, will succeed Rana Kapoor as the managing director and chief of YES Bank. Kapoor’s tenure ends on January 31.

Gill, currently Chief Executive of Deutsche Bank’s business operations in India, is expected to take charge latest by March 1, YES Bank said in a statement.

Reserve Bank of India (RBI) has approved the appointment of 57-year-old Ravneet Gill for a three-year term.The YES Bank board will meet on January 29 to finalise the delegation of powers for the transition management in the interim period till Gill assumes office.

Ravneet Gill to be YES Bank boss after Rana Kapoor's tenure ends on Jan 31 Kapoor's role in the bank as well as those in the bank's subsidiaries will also be decided in the meeting.

Ravneet Gill to be YES Bank boss after Rana Kapoor's tenure ends on Jan 31 Meanwhile, the board has appointed Maheswar Sahu, former Gujarat cadre IAS officer, and Anil Jaggia, former banker with HDFC Bank, as additional directors (independent). It will also recommended the RBI appointments of Ashish Agarwal as the executive director.

The bank, in its submission to the RBI on January 10, had stated that Gill was their most-preferred candidate for the top post. The appointment will be subject to shareholders’ nod at the bank’s Annual General Meeting in June...Read More