Ravneet Gill took charge as MD and CEO of Yes Bank

On friday, Yes Bank said Ravneet Gill has taken charge as its MD and CEO for a tenure of three years with an immediate effect.

"Ravneet Gill has joined Yes Bank as MD & CEO today. His tenure as approved by RBI is 3 years from the date of his joining i.e. March 1, 2019 to February 28, 2022", Yes Bank said in a regulatory filing.

Ravneet Gill, who is the CEO at Deutsche Bank in India and has been with the bank for over 6 years.

Yes Bank further said that Ajai Kumar has ceased to be an Interim MD & CEO of the Bank with effect end from February 28, 2019. He continues as a non-executive non independent director on the board of the Bank.

Now, the board of directors has ten members in the bank.

The others members are Brahm Dutt- part-time chairman, Mukesh Sabharwal- independent director, Subhash Chander Kalia- non-executive non independent director and Pratima Sheorey-independent director. The Four additional (independent) directors are Uttam Prakash Agarwal, TS Vijayan, Maheswar Sahu and Anil Jaggia.