Who will replace Rana Kapoor as Yes bank’s MD and CEO, on 1st March 2019?
Answer with explanationAnswer: Option C
On January 24, 2019,Yes bank got its approval to appoint Deutsche Bank India head Ravneet Singh Gill as the successor to Rana Kapoor.His tenure will begin from March 1,2019. Yes Bank’s hunt for new CEO ended up in Ranveet Gill as RBI rejected Rana Kapoor’s query extend to next three years. Though Kapoor’s CEO position ends up on January 31, 2019,He will still hold 10 percent in the bank share and will be entitled as the ‘Indian Partner’. Kapoor’s term at the bank ends on Jan. 31, after which there will be a month-long gap before Gill takes over,so the board of directors have decided to appoint a interim head to hold the post for that period.
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