YES Bank to form alternate Board after exiting restructuring scheme

Yes bank's largest shareholder, SBI, has proposed Prashant Kumar's name for MD & CEO's position for a three-year term

The Board of YES Bank has recommended formation of an alternate Board on the back of the private sector bank attaining turnaround and achieving significant progress post the implementation of Reconstruction Scheme March 2020.

Following the recommendation by its largest shareholder State Bank of India (SBI), the Board proposed composition of an alternate board. Names of directors proposed are Atul Malik, Rekha Murthy Sharad Sharma, Nandita Gurjar, Sanjay Kumar Khemani, Sadashiv Srinivas Rao, T Keshav Kumar, Sandeep Tewari and Prashant Kumar, existing managing director and chief executive (MD & CEO).

SBI has proposed Prashant Kumar’s name for MD & CEO's