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Private lender Yes Bank said Wednesday its non-executive Chairman Ashok Chawla has resigned.
The bank also said that Independent Director Vasant Gujarathi too has quit citing personal commitments.
"Yes Bank announces that Shri Ashok Chawla, Non-Executive Independent Part-Time Chairman, has tendered his resignation from the Bank's Board, with immediate effect, mentioning that during the current transition period, the Bank would need a Chairman who could devote more time and attention," the bank said in a regulatory filing.
The bank further said it would announce the appointment of a new chairman in "due course" post-RBI's approval.
Chawla, former finance secretary, has
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