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Yes Bank names Deustche Bank's Gill as CEO to replace Kapoor


(Reuters) - India's Yes Bank said it won central bank approval to appoint Deutsche Bank India head Ravneet Singh Gill as the successor to controversial incumbent chief executive Rana Kapoor, sending the private sector lender's shares up sharply.The Reserve Bank of India (RBI) approved Gill for joining Yes Bank by March 1, the lender said in a statement, adding that the Board will meet on Jan. 29 to finalise the interim transition.The announcement follows a months-long tussle with the central bank over Kapoor's tenure at the firm that has triggered a plunge in Yes Bank's stock and caused ...

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First Published: Thu, January 24 2019. 16:00 IST