The Reserve Bank of India has asked the private sector lender to find replacement of Kapoor, who will continue as the MD and CEO till January 31.
Yes Bank on Thursday named Ravneet Singh Gill as its new managing director and CEO. In a regulatory filing, YES bank said it has received approval of the Reserve Bank of India for Gill to join on or before March 1, 2019.
“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),” Yes Bank said.
The Reserve Bank of India has asked the private sector lender to find replacement of Kapoor, who will continue as the MD and CEO till January 31.
In the recent past, Yes Bank has seen a spate of resignations, including that of Chairman Ashok Chawla.
According to sources, Chawla resigned as controversy erupted over his continuation on the board even after his name appeared in a CBI charge sheet in the Aircel-Maxis case.
Below we have listed 5-lesser known facts about Ravneet Gill. (Images: Facebook)
1. Deutsche Bank
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Before taking charge of Yes Bank, Ravneet Gill was the Chief Executive Officer of India at Deutsche Bank AG, India. He was also the member of the bank’s Asia-Pacific executive committee.
2. 28-year long relationship with Deutsche Bank
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With new role in Yes Bank, Raveet Gill's ending his almost 28-year long relation with Deutsche Bank. He joined the bank in 1991 leading sections like capital markets and treasury solutions.
3. Student of Hindu College, Delhi
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He completed his master's degree from Hindu College in Delhi.
4. Prior Experience
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Gill has more than 30 years of experience in segments like structured financing, foreign exchange, transaction banking, risk management and private banking.
5. RBI's approval
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Yes Bank had received approval from RBI for the tenure of its current MD & CEO till January 31, 2019 and for appointing a successor by February 01, 2019
