REG - YES Bank Limited - Disclosure under Indian Listing Regulations

Yes BankAnnouncement

10/01/2020 14:10

RNS Number : 4881Z
YES Bank Limited
10 January 2020
 


YBL/CS/2019-20/147
 
January 10, 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
 
YES Bank Limited (the "Bank") would like to intimate that it has received the resignation of Mr. Uttam Prakash Agarwal, an Independent Director and Chairman of the Audit Committee of the Board of the Bank.
 
In his resignation letter (as enclosed), Mr. Agarwal has made certain observations on the Bank's governance and the same shall be duly examined by the Board.
 
In this regard, the Bank would like to further intimate that the Bank was reviewing the 'fit and proper' status of Mr. Agarwal as directed by the Reserve Bank of India. In this respect, the Bank had obtained legal opinions from eminent jurists. These opinions were to be considered by the Nomination and Remuneration Committee of the Board ("NRC")/ the Board of the Bank in their meetings scheduled for today, i.e., January 10, 2020. However, prior to the commencement of the proceedings of these meetings, the Bank received the resignation of Mr. Agarwal.
 
The NRC and the Board have taken on record Mr. Agarwal's resignation.
 
Kindly take note of the above.
 
The announcements made by the Bank can also be accessed at its website www.yesbank.in.
 
Thanking you,
 
Yours faithfully,
For YES BANK LIMITED
 
 
 
Shivanand R. Shettigar
Group Company Secretary
 
http://www.rns-pdf.londonstockexchange.com/rns/4881Z_1-2020-1-10.pdf [




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