Ranveet Singh Gill, the veteran banker has been appointed as the new MD and CEO of Yes Bank.
Yes, Bank also received approval from RBI for the tenure of its current MD&CEO till January 31, 2019, and for appointing a successor by February 01, 2019.
Yes, Bank said in a statement, “The Bank has received RBI approval for its new MD & CEO, Mr Ravneet Singh Gill for him to join on or before March 1, 2019."
Mr Gill, currently the chief of Deutsche Bank’s India operations, will replace Rana Kapoor. Gill joined Deutsche Bank in 1991 and has worked across different businesses including corporate banking, capital markets and wealth management.
In September last year, RBI had asked Rana Kapoor, Managing Director & CEO of Yes Bank, to step down by the end of January, sending its stock plunging and causing several resignations from its board. The central bank had asked the lender to find a new CEO by February 1.
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