YES Bank Ltd appoints Mr. Niranjan Banodkar as Group CFO

The Board of Directors of YES Bank Ltd at its meeting held today, on recommendation of the Nomination & Remuneration Committee and the Audit Committee of the Bank (for appointment of CFO) have approved the appointment of the following Senior Management Personnel.

The board has approved the appointment of Chief Human Resources Officer (CHRO). Mr. Anurag Adlakha current Group CFO of the Bank as Chief Human Resources Officer (CHRO) in place of Mr. Deodutta Kurane, who would be retiring from the service of the Bank.

The board also approved the appointment of Chief Financial Officer of the Bank. Mr. Niranjan Banodkar as the Group Chief Financial Officer of the Bank (Key Managerial Personnel (KMP)) with effect from January 1, 2021, in place of Mr. Anurag Adlakha who is appointed Chief Human Resources Officer (CHRO) as mentioned above.

Mr. Niranjan Banodkar is also designated as Key Managerial Personnel authorized for determining materiality of an event or information for making disclosures to stock exchange(s).

Prashant Kumar, MD&CEO, YES Bank said "A bank's Human Resources are it's most valuable assets and as we look to further strengthen our People related policies and practices, I am pleased that Anurag Adlakha will be leading this transformation at YES Bank. Anurag is a seasoned Banker and has been a CXO with reputed banks for over two decades. He has also had a ringside view of the developments at Yes Bank over the past year and a half. Consequently, Niranjan Banodkar, currently Head Strategy will take over as Group CFO. Niranjan is a Chartered Accountant with 17 years of experience and has been associated with YES Bank for the past 15 years. He was very closely involved with YES Bank's successful FPO earlier in the year. His appointment is a testimony to the deep talent pool that is available to YES Bank. I am very confident that both these appointments will significantly benefit YES Bank."

Shares of YES BANK LTD. was last trading in BSE at Rs.17.73 as compared to the previous close of Rs. 17.78. The total number of shares traded during the day was 14459846 in over 11021 trades.

The stock hit an intraday high of Rs. 17.98 and intraday low of 17.6. The net turnover during the day was Rs. 256721825.

Source : Equity Bulls

Keywords