Private sector lender Yes Bank Ltd appointed former IRDAI chief T.S. Vijayan as an additional director (Independent) for five years with immediate effect. He is already a key member of the search and selection committee (S&SC) set up to identify a suitable successor for CEO Rana Kapoor.
Vijayan’s appointment would be subject to the approval of Yes Bank shareholders general meeting of the bank. Vijayan has also served as the Chairman of Life Insurance Corporation of India (LIC).
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- Yes Bank’s independent director R. Chandrashekhar and chairman Ashok Chawla has already stepped down.
Source: The Economic Times