REG - YES Bank Limited - Disclosure under Indian Listing Regulations
YBL/CS/2020-21/Int/011
August 28, 2020
India International Exchange IFSC Limited
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC - 382355, Gujarat, India
The Singapore Exchange Securities Trading Limited
2, Shenton Way #19-00
SGX Centre 1, Singapore 068804
The London Stock Exchange
10, Patemoster Square,
London, EC4M 7LS
Dear Sirs;
Sub.: Disclosure under Indian Listing Regulations - Change in Chief Risk Officer and Chief Compliance Officer of the Bank
This is to inform you that the Board of Directors of the Bank, vide their resolutions dated August 27, 2020 approved the following appointments:
1. Mr. Sumit Gupta as the Chief Risk Officer of the Bank for a period of three years. He will assume charge, effective from September 01, 2020 in place of Mr. Neeraj Dhawan, the current Chief Risk Officer, who has decided to explore opportunities outside the Bank.
The appointment is being made in compliance of the Reserve Bank of India ("RBI") circular Ref No. DBR.BP.BC.No.65/21.04.103/2016-17 dated April 27, 2017.
2. Mr. Ashish Chandak as the Chief Compliance Officer of the Bank for a period of Three Years. He will assume charge, effective from September 01, 2020. He will take over the charge from Mr. Rakesh Mehran, who was appointed as an interim Chief Compliance Officer.
The appointment is being made in compliance of the Reserve Bank of India Circular No. RBI/2006-2007/335 Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 dated April 20, 2007
Brief profile of Mr. Sumit Gupta and Mr. Ashish Chandak are enclosed herewith.
Kindly take note of the above.
Thanking you,
For YES BANK LIMITED
Shivanand R. Shettigar
Group Company Secretary
Encl: As above
BRIEF PROFILE OF MR. SUMIT GUPTA
Mr. Sumit Gupta is currently holding the position of Group Head - Large Corporates and is primarily responsible for Strengthening and scaling up Large Corporates that includes Government Banking, MNC Banking, Supply Chain Banking, Agri Product Management, Strategic Government Advisory and Food & Agr Advisory. He has been associated with the Bank since inception and has held various positions across Bank in diverse roles.
Mr. Sumit Gupta has completed his B. Tech from Indian Institute of Technology, Delhi and MBA in Finance from Indian Institute of Management, Calcutta with around 30 years of overall experience. Prior to joining YES Bank, he was an Associate Director with RaboBank. He has also previously worked with Standard Chartered Bank, CRISIL and Maruti Suzuki.
BRIEF PROFILE OF MR. ASHISH CHANDAK
Mr. Ashish Chandak is currently holding the position of Group President II - Management Excellence & Governance and is primarily responsible for Leading the MEG group which is responsible for conducting staff accountability reviews, providing consulting and management advice and ensuring adoption of best-in-class governance practices across the Bank. He has been associated with the Bank since 11 years and has held various positions across Bank in diverse roles.
Mr. Ashish Chandak has completed his Engineering in Electronics & Instrumentation and MBA in Finance from M. S. University, Baroda. Prior to joining YES Bank, he was Director, Investments with ICICI Ventures Funds Management Co. Ltd. He has also previously worked with IDFC Limited, L&T Finance Limited and Thermax Limited.
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