TIDM16ER
RNS Number : 2712X
YES Bank Limited
25 August 2022
YBL/CS/2022-23/18
August 25, 2022
India International Exchange The Singapore Exchange Securities
IFSC Limited Trading Limited
101 First Floor, Hiranandani Signature 2, Shenton Way #19-00
Tower, SGX Centre 1, Singapore 068804
GIFT City IFSC - 382355, Gujarat,
India
The London Stock Exchange
10, Paternoster Square,
London, EC4M 7LS
Dear Sirs/Madam,
Sub: Recategorization of Mr. T Keshav Kumar & Mr. Sandeep
Tewari as Nominee Directors
of State Bank of India on the Board of YES Bank Limited ("the
Bank").
Pursuant to the provisions of Indian Listing Regulations, w e
hereby inform you that the Bank vide its letter dated July 15, 2022
had intimated regarding the appointment of Mr. T. Keshav Kumar and
Mr. Sandeep Tewari as Non-Executive Non-Independent Directors on
the Board of the Bank with effect from July 15, 2022.
Further, Article 111A, which allows the Board of Directors of
the Bank to agree with investor(s) to nominate Nominee Directors on
the Board as per the terms agreed with the Board, had been approved
by Reserve Bank of India on August 2, 2022 and by the shareholders
of the Bank in the Extra Ordinary General Meeting held on August
24, 2022.
Accordingly, pursuant to the Articles of Association of the Bank
and the recommendations received from SBI, the Board of Directors
of the Bank has approved the Recategorization of Mr. T. Keshav
Kumar & Mr. Sandeep Tewari as Nominee Directors with effect
from August 25, 2022.
The brief profiles of Mr. T. Keshav Kumar and Mr. Sandeep Tewari
is given in Annexure 1.
Further, please note that Mr. T. Keshav Kumar and Mr. Sandeep
Tewari are not related to any other Directors or Key Managerial
Personnel of the Bank, also Mr. T. Keshav Kumar and Mr. Sandeep
Tewari are not debarred from holding the office of a director, by
virtue of any SEBI order or any other such authority/regulator.
The above is for your information and dissemination to all
concerned.
Thanking you,
Yours faithfully,
For YES BANK LIMITED
Shivanand R. Shettigar
Company Secretary
Encl: A/a
Annexure 1
Mr. Sandeep Tewari
Mr. Sandeep Tewari is a highly experienced advisor who excels in
strategic governance, evaluation of Business Operations and Risk
Management. He is a skilled, enterprising professional with
extensive experience in financial services, accomplished in
envisioning and realising strategy with sound executive leadership
accomplishments. He has proven ability to evaluate and measure
company's current performance and determine steps to enact
long-term strategy.
Key accomplishments:
-- Contributed immensely towards improving the Risk Management
in the State Bank of India
(SBI) specially Operational Risk, Financial Risk & Market
Risk the Audit Department.
-- Drove the adoption of data analytics for Risk Management in
credit area of the SBI.
-- Re-organised the entire business structure for the SBI and
launched digital banking records
resulting in compelling advancements in performance.
-- Expanded business portfolio by 150% while leading Corporate
Account Group of State Bank
of India wherein steered the Power & Infrastructure
Portfolio.
-- Transformed several audit systems by completely automating it
and created a few data points to generate divergence through Core
Banking Solutions. Through experience in audit, was able to
substantially improve the risk management structure in SBI.
Empaneled as Assessor for interviewing candidates for Banking
Board's Bureau for CMD, MD&ED level positions in the SBI.
Mr. T Keshav Kumar
Mr. T Keshav Kumar is a retired banking professional with more
than 37 years of experience in the State Bank group, the largest
banking group in India.
Mr. Kumar has worked in various facets of banking including
retail, commercial credit, project finance, risk management,
treasury etc. He joined the State Bank of Travancore in 1984 as a
Probationary Officer.
Mr. Kumar worked at numerous retail branches as Branch Head,
Credit Officer etc. He has rich experience including top executive
roles.
He retired as the Deputy Managing Director of SBI in September
2021, seeking to continue contributing to the country's financial
sector in Board/Advisory roles.
-----------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBSGDIXGDDGDU
(END) Dow Jones Newswires
August 25, 2022 10:06 ET (14:06 GMT)
Yes Bank. 23 (LSE:16ER)
Historical Stock Chart
From Oct 2024 to Nov 2024
Yes Bank. 23 (LSE:16ER)
Historical Stock Chart
From Nov 2023 to Nov 2024
