RBI approves the re appointment of Prashant Kumar as MD & CEO of Yes Bank

Tags: Economy/Finance Person in news

Reserve Bank of India on 6 October 2022, has approved the re-appointment of Prashant Kumar as the Managing Director (MD) and Chief Executive Officer (CEO) of Yes Bank for a period of 3 years.  The appointment will, however, be subject to the approval of shareholders.

Prashant Kumar was appointed as the MD and CEO of Yes Bank in 2020 as an effort by the government to rescue the scandal hit Yes Bank.

Before joining YES Bank, Kumar was the Deputy Managing Director & Chief Financial Officer of the State Bank of India.