Ravneet Singh named 'Yes Bank' CEO after RBI approves the proposal

The appointment comes after RBI approved the proposal to bring Ravneet Singh as the CEO of Yes Bank

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On January 24, Thursday, Yes Bank named Ravneet Singh Gill as its new managing director and Chief Executive Officer (CEO). The bank said in its regulatory filing that they have received approval of the Reserve Bank of India (RBI) for Mr 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 in its filing to the BSE (Bombay Stock Exchange).

Mr. Gill, who is India head at Deutsche Bank, will replace Rana Kapoor. Earlier this month, Yes Bank had stated that it had finalised the potential candidates for the position of the CEOs to replace Mr Kapoor, without disclosing the names. Accordingly, RBI had asked the private sector bank to find a new CEO by February 1.

The bank had also reported a seven per cent fall in its net profit for the quarter ended December 31, 2018.

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