Prashant Kumar to approve restructuring of Yes Bank's new Managing Director, CEO, Board of Directors

by Jeremy Spirogis
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New Delhi: Yes Bank on Monday permitted restructuring of its board of administrators. Prashant Kumar, appointed by RBI because the financial institution's administrator, would be the new managing director and chief govt officer of the financial institution. Kumar has been the previous Chief Finance Officer and Deputy Managing Director of State Bank of India. He was appointed the administrator of Yes Bank after the Reserve Bank banned Yes Bank.

Yes Bank mentioned in a regulatory discover on this regard on Monday that its new board of administrators will probably be Sunil Mehta, former non-executive of Punjab National Bank. <! –

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                 He would be the non-executive chairman of Yes Bank. Apart from him, Mahesh Krishnamurthy and Atul Bheda will probably be non-executive administrators of the financial institution.

State Bank of India could have the precise to appoint two administrators on the board of Yes Bank.

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