Yes Bank Limited announced that Reserve Bank of India has vide its letter dated January 30, 2019 received on January 31, 2019 approved the appointment of Mr. Ajai Kumar as Interim MD & CEO of the Bank from February 1, 2019 for one month or till Mr. Ravneet Gill assumes office as MD & CEO, whichever is earlier. Mr. Rana Kapoor demits office as MD & CEO of YES BANK on January 31, 2019 upon completion of his term. Mr. Ajai Kumar is the Non-Executive Non-Independent Director of YES BANK since 2016.

Prior to this, he was acting as Senior Strategic Advisor of the Bank since 2014.