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Yes Bank appoints Sharad Sharma non-executive director

Sharma is a career banker with 40 years of experience in the banking industry

YES Bank | Banking sector

Press Trust of India  |  New Delhi 

YES Bank

on Monday said it has appointed Sharad Sharma as a non-executive director with effect from November 1, 2021.

"Sharad Sharma has been co-opted as non-executive director of the board of the bank with effect from November 1, 2021, to broad base the board," said in a release.

The decision comes vide a notification from the Ministry under the 'Ltd Reconstruction Scheme 2020'.

Sharma will continue to hold his office until an "alternate board" is constituted by the bank in accordance with the procedure laid down in its Memorandum and Articles of Association, Yes Bank said in a regulatory filing.

He will be eligible to be appointed on the "alternate board" to be constituted under the Scheme with the approval from shareholders in due course, it said.

Sharma is a career banker with 40 years of experience in the banking industry.

He was Managing Director of State Bank of Mysore during the period from August, 2012 to April 2016, where he was seconded from State Bank of India (SBI). He joined Union Bank of India as a probationary officer in 1975 before joining SBI as PO in September, 1977.

Sharma held various assignments across all fields of a banking organisation, including exposure to international banking, when he was posted in SBI's 100 per cent owned Canadian banking subsidiary.

His major interest has been primarily in the corporate and SME banking segment.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, November 01 2021. 21:50 IST