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Yes Bank appoints ex-Irdai chief Vijayan as additional director

Press Trust of India  |  Mumbai 

Monday announced appointment of T S Vijayan, former Irdai chairman, as an additional with immediate effect.

The private sector lender is grappling with governance as well as non-performing asset issues and has seen resignations of three independent directors, including Ashok Chawla, in the recent past.

"We would like to inform that the board of directors of the on December 3, 2018, have approved the appointment of T S as an (independent) of the with immediate effect and his appointment as independent of 5 years...," the bank said in a regulatory filing.

was of the (Irdai). He has also held senior positions in various capacities at the of and became its in 2006.

further said the appointment of will be subject to approval of shareholders at the next general meeting of the bank.

Shares of the bank closed at Rs 178 apiece on the BSE, up 4.92 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 17:55 IST