Yes Bank, the fourth largest private sector bank in India has announced the appointment of Mr Brahm Dutt as Non-Executive Part-Time Chairman of the Board.
Yes Bank in its regulatory filing said, “The Reserve Bank of India, pursuant to the provisions of the Banking Regulation Act, 1949, and basis Mr Brahm Dutt’s outstanding credentials and experience, has approved his appointment as Part-Time Chairman of Yes Bank’s Board up till July 4, 2020.”
The bank added, “Mr. Brahm Dutt has been on the Board of YES BANK since July 2013 as an Independent Director and is currently also the Chair of the Nomination & Remuneration Committee.”
As per the bank’s statement, during his career in the IAS for 37 years, Dutt held several posts in the State Government of Karnataka as well as in the Central Government and rose to the level of Secretary to Government of India.
The bank, earlier this week, had also informed stock exchanges that it had shortlisted the names of potential candidates to succeed Kapoor, set to demit office by the end of the month.