YES Bank appoints former Irdai chief Vijayan independent director

Vijayan has been a key member of the search and selection committee set up to identify a suitable successor for the MD & CEO

Private lender YES Bank appointed T.S Vijayan former Chairman of Insurance Regulatory and Development Authority of India as additional independent director, with immediate effect. Vijayan has previously served as chairman of Life Insurance Corporation of India. 

The appointment of Vijayan as an independent director on the bank’s board for a period of five years is subject to shareholders’ approval at the next general meeting, the bank said in a filing to the exchanges.

The bank’s MD & CEO Rana Kapoor’s three-year reappointment was cut short by an order issued by the Reserve Bank of India (RBI). He will be in office till