Newsmaker: Ravneet Gill and the big bet on the wrong bank

Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive

Fifty-six-year-old Ravneet Gill has two passions – good sleep and workout. Both would have been in short supply in the past 12 months since he took over as managing director and CEO of YES Bank. During that period, two key parameters of the bank – deposit mobilisation and gross non-performing assets - significantly worsened. That is, deposit mobilisation fell by 7.26 per cent (Q2 FY20) on a quarter-on-quarter basis, and gross non-performing assets rose to 7.4 per cent (Q2 FY20). On Thursday, the Reserve Bank of India (RBI) superseded the board. Surely, the former CEO of Deutsche Bank would not