REG - YES Bank Limited - Appointment of Director

Yes BankAnnouncement

03/02/2023 08:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230203:nRSC8685Oa&default-theme=true

RNS Number : 8685O  YES Bank Limited  03 February 2023

YBL/CS/2022-23/Int/029

 

February 03, 2023

 

 India International Exchange IFSC Limited       The Singapore Exchange Securities Trading Limited

 101 First Floor, Hiranandani Signature Tower,   2, Shenton Way #19-00

 GIFT City IFSC - 382355, Gujarat, India         SGX Centre 1, Singapore 068804
 The London Stock Exchange

 10, Paternoster Square,

 London, EC4M 7LS

 

Dear Sir / Madam,

 

Sub.: Appointment of Mr. Rajan Pental (DIN: 08432870) as an Executive Director
of the Bank   for a period of 3 years

 

We would like to inform that the Reserve Bank of India ("RBI") vide its letter
dated February 02, 2023 has approved the appointment of Mr. Rajan Pental (DIN:
08432870) as an Executive Director (Additional Director on the Board) of the
Bank under Section 35B of The Banking Regulation Act, 1949 for a period of 3
(three) years from the date of approval i.e. February 02, 2023.  The same is
subject to approval of shareholders of the Bank.

 

The brief profile of Mr. Rajan Pental is given in Annexure 1.

 

Further, please note that Mr. Rajan Pental is not related to any other
Directors or Key Managerial Personnel of the Bank, and he is not debarred from
holding the office of a director, by virtue of any SEBI order or any other
such authority/regulator.

 

This is for your information and appropriate dissemination.

 

Thanking you,

 

Yours faithfully,

 

For YES BANK LIMITED

Shivanand R. Shettigar

Company Secretary

 

Encl: A/a

 

 

 

 

Annexure 1

 

Brief Profile of Mr. Rajan Pental (DIN: 08432870)

 

Mr. Rajan Pental has been in YES Bank since November, 2015 and was responsible
for galvanizing the Retail Banking franchise for YES Bank. He carries a rich
experience of 3 decades, in the financial services industry. Prior to approval
of the Reserve Bank of India for his appointment as an Executive Director, Mr.
Rajan Pental was designated as the Senior Group President & Global Head.
He will continue to head the Retail Banking at YES Bank. His portfolio
includes Branch Banking - Retail, Affluent Banking, NRI Banking, Retail
Assets, SME Banking, Rural & Agriculture Banking, Third Party
Distribution, Marketing & Corporate Communication, Retail Collections,
Retail Legal, Retail Service Excellence & Customer Experience, Liabilities
Product Management, Credit Cards & Merchant Acquisition. He is also
designated as Non-Executive Director of YES Securities.

 

Mr. Rajan brings with him rich experience in Retail Banking and building new
businesses. He has held positions of increasing responsibilities in HDFC Bank
from Jun 2001 to Oct 2015 (14 years). In his last role he was designated as
Business Head - Secured Loans & Rural Sales (Vehicle Loans - Retail &
Wholesale). Earlier at HDFC Bank, Mr. Rajan was instrumental in initiating,
setting up and institutionalizing the Retail Assets Business for the HDFC Bank
in the Northern region. He has worked extensively in creating and executing
the Sales and Distribution strategy of these businesses since inception at
HDFC Bank.

 

Mr. Rajan has been associated with Tata Finance, Esanda Finance & Leasing
Ltd (ANZ Grindlays Bank Ltd), Escorts Limited and Industrial Chemicals Ltd. He
is a B.Sc. from Magadh University, Patna (1986) and has done his MBA from
Indian Institute of Business Management (1988). He has also completed an
Executive Programme for Development of Strategic Skills from IIM Calcutta in
2004-05.

 

 

------------

 

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEAPADEAFDEEA