Yes Bank gains as CEO search committee to meet on 11 Oct

The stock was trading higher by 1.67% at Rs 209.65 at 9:31 IST on BSE.

Yes Bank said it finalised "search and selection committee" to find a new CEO. The board inducted TS Vijayan, former chairman of IRDAI and LIC, and OP Bhatt, former CMD of State Bank of India, as external experts in the committee. The internal members include Brahm Dutt, Mukesh Sabarwal and Subhas Chander Kalia. The bank has invited proposals from global leadership advisory firms specialising in banking, financial services and insurance. The first meeting of the committee will be on 11 October 2018. The announcement was made after market hours on Friday, 5 October 2018.

 

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