Yes Bank Limited announced that 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 (Release regarding the same will be shared subsequently). The Board will convene on January 29, 2019 to finalize the interim transition. Gill is expected to join the Bank latest by March 1, 2019.

The appointment will be subject to the approval of shareholders at the ensuing Annual General Meeting of the Bank to be held in the month of June, 2019. Gill was the number 1 priority candidate in the submissions made by the Bank to RBI on January 10, 2019. The Board of Directors have scheduled a special Board Meeting to be held on January 29, 2019, and will inter alia finalize on the delegation of powers for transition management in the interim period commencing from February 1, 2019 until Ravneet Gill assumes office.

Ravneet Gill is an eminent leader with more than 3 decades of experience with the last 25+ years with Deutsche Bank AG, the 11th largest bank in the World. Most recently, Ravneet Gill was re-appointed as the MD & CEO of Deutsche Bank, India for the 3rd term by RBI.