Business

The central government has appointed former SBI banker Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank.

The central government has appointed former SBI banker Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank.

Accordingly, the former Chief Financial Officer and Deputy Managing Director of State Bank of India (SBI) will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday, a Finance Ministry notification said.

At present, office of the Administrator appointed by the RBI has taken the charge of the bank till the date of moratorium cessation.

Apart from Kumar, Sunil Mehta, former Non-Executive Chairman of Punjab National Bank will take over as the Non-Executive Chairman of Yes Bank.

Other Board members include Mahesh Krishnamurthy and Atul Bheda, both as Non-Executive Directors.

Meanwhile, the financially stressed bank has rescheduled a presser it was supposed to have held after the declaration of Q3 results.

The results are expected to be released later on Saturday.

Click to comment

Leave a Reply

Your email address will not be published.

10 − one =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: info@indsamachar.com

Middle East

IND SAMACHAR
Digital Media W.L.L
Flat: 11, 1st floor, Bldg: A – 0782
Road: 0123, Block: 701, Tubli
Kingdom of Bahrain

 

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us