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YES Bank jumps 14% on appointment of Ravneet Gill as new MD & CEO

The stock moved higher by 19 per cent to Rs 235, bouncing back 24 per cent from intra-day low of Rs 189 on the BSE.

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SI Reporter Mumbai
Shares of YES Bank jumped19 per cent to Rs 235, bouncing back 24 per cent from intra-day low on the BSE, after the private sector lender appointed Ravneet Singh Gill as managing director and chief executive officer (MD & CEO) of the bank. The stock hit a low of Rs 189 in the intra-day trade on Thursday.

“The Bank has received Reserve Bank of India (RBI) approval for its new MD & CEO, Ravneet Singh Gill for him to join on or before March 1, 2019,” YES Bank said in statement.

The Board will convene on January 29,