RBI approves Prashant Kumar’s appointment as Yes Bank CEO for 3 years – The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for a period of three years with effect from October 6, 2022. YES Bank has managed to secure a capital infusion of ₹8,900 crores from US-based private equity investors Carlyle and Advent International under the leadership of Prashant Kumar as the MD and CEO.
- Kumar was appointed as Managing Director & Chief Executive Officer of Yes Bank post Reconstruction in March 2020.
- Kumar’s appointment is subject to the approval of shareholders.
- Kumar also served as Deputy Managing Director & CFO of India’s largest bank SBI.
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