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YES Bank okays board reconstitution; Prashant Kumar to be new MD & CEO

The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of YES Bank

Prashant Kumar
Premium

Prashant Kumar

Press Trust of India New Delhi
YES Bank on Monday said it has approved reconstitution of its board with Prashant Kumar as the new MD & CEO.
 
Kumar, former chief financial officer and deputy managing director of State Bank of India, is currently overseeing the troubled private sector lender as RBI-appointed administrator.
 
The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of YES Bank, Mahesh Krishnamurthy and Atul Bheda as non-executive directors.
 
SBI will have the right to nominate two directors on the board of directors of YES Bank.
 
"The reconstitution of the board of
Topics : YES Bank

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