Edition:
India

Yes Bank Says Final Recommendation For CEO To Be Submitted To RBI Post Next Board Meet On Jan 9


Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Yes Bank Ltd ::NOMINATION & REMUNERATION COMMITTEE, BOARD FINALISED RECOMMENDATION FOR NON-EXEC PART-TIME CHAIRMAN AND SHALL SEEKING APPROVALS FROM RBI.SEARCH PANEL AND BOARD ON TRACK TO COMPLETE PROCESS FOR NEW MD&CEO APPOINTMENT WITHIN STIPULATED TIMELINES OF RESERVE BANK OF INDIA.FINAL RECOMMENDATION FOR CEO & MD WILL BE SUBMITTED TO RBI BY BOARD OF DIRECTORS POST THEIR NEXT MEETING SCHEDULED ON JANUARY 9, 2019.N&RC ALSO EVALUATED PROFILES FOR ADDITIONAL DIRECTORS ESPECIALLY WITH INFORMATION TECHNOLOGY EXPERTISE, TO LEAD BANK'S IT STRATEGY COMMITTEE.SSC DISCUSSED, DELIBERATED ON FINAL SHORTLISTED EXTERNAL & INTERNAL CANDIDATES PRESENTED BY KORN FERRY.SEARCH PANEL WILL ENGAGE WITH CEO CANDIDATES OVER NEXT FEW DAYS FOR FINALIZATION.