 "Prashant Kumar")
YES Bank on Monday said it has approved reconstitution of its board with Prashant Kumar as the new MD & CEO.
Kumar, former chief financial officer and deputy managing director of State Bank of India, is currently overseeing the troubled private sector lender as RBI-appointed administrator.
The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of YES Bank, Mahesh Krishnamurthy and Atul Bheda as non-executive directors.
SBI will have the right to nominate two directors on the board of directors of YES Bank.
"The reconstitution of the board of
