Yes Bank Appoints Rajeev Uberoi, Anurag Adlakha To Senior Management
A spate of resignations recently have dogged Yes Bank. (Photographer: Kuni Takahashi/Bloomberg)

Yes Bank Appoints Rajeev Uberoi, Anurag Adlakha To Senior Management

Bookmark

Yes Bank Ltd. on Monday appointed Rajeev Uberoi and Anurag Adlakha to its senior management, amid a spate of resignations that has dogged the private sector lender.

While Uberoi has been appointed as senior group president for governance and controls), Adlakha will take charge as senior group president and head of financial management and strategy, Yes Bank said in a statement.

Over the past few weeks, there has been a lot of unfounded speculation about Yes Bank's board and management stability, asset portfolio, and future growth prospects, among other things, said Yes Bank in the statement.

"We strongly refute such speculations, which we suspect is a deliberate and malicious attempt to create instability in the institution by undermining investor and client confidence. We have apprised the authorities of these developments," it said.

On June 10, Ajai Kumar, a non-executive director of Yes Bank who served as the bank's interim managing director and chief executive officer for one month after Rana Kapoor's exit, resigned from the board due to personal reasons.

Yes Bank had appointed Kumar, who had led state-run Syndicate Bank in the past, as its interim CEO for a month till Ravneet Gill from Deutsche Bank took over from March 1.

Earlier in January, Yes Bank senior group president and head (retail and business banking) Pralay Mondal had tendered his resignation.

The Reserve Bank of India had in September asked Rana Kapoor, co-founder and managing director and chief executive of Yes Bank, to leave office by January 31.

Also read: Yes Bank Co-Founder's Family Plans Mortgage Unit Sale

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.