YES Bank jumps 5% as CEO race hots up
Ravneet Singh Gill is said to be the frontrunner for the chief executive’s post.
By ETMarkets.com | Updated:
NEW DELHI: Shares of YES Bank jumped 5 per cent on the BSE today amid reports that Deutsche Bank’s India CEO Ravneet Singh Gill is the frontrunner for the chief executive’s post.
Gill and Yes Bank CFO Rajat Monga were the two recommended by the board to the Reserve Bank of India (RBI) last week, ET reported, quoting sources.
YES Bank has been on the hunt for a new CEO since founder Rana Kapoor was denied another three-year term in September last year by the central bank.
The bank has until January 31 to find a replacement, according to a timeline set by the banking regulator.
Shares of the company closed 3.86 per cent up at Rs 202.95 on the BSE.
Gill and Yes Bank CFO Rajat Monga were the two recommended by the board to the Reserve Bank of India (RBI) last week, ET reported, quoting sources.
YES Bank has been on the hunt for a new CEO since founder Rana Kapoor was denied another three-year term in September last year by the central bank.
The bank has until January 31 to find a replacement, according to a timeline set by the banking regulator.
Shares of the company closed 3.86 per cent up at Rs 202.95 on the BSE.
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