Who has been appointed as the Executive Director (Whole-Time Director) of YES Bank for a three-year term starting 11 December 2024?

The correct answer is Manish Jain.

Key Points

• Manish Jain has been appointed as the Executive Director (Whole-Time Director) of YES Bank for a three-year term starting from 11 December 2024.
• His appointment was approved following the Reserve Bank of India (RBI) and the board's recommendation to strengthen the leadership structure.
• Manish Jain is expected to play a key role in driving the bank's strategic initiatives and improving operational performance.
• YES Bank has been focusing on business growth and corporate governance reforms, and his appointment aligns with these objectives.
• As a banking professional, he brings a wealth of experience in financial services and banking operations.

Additional Information

• YES Bank Overview
  • YES Bank is a private sector bank headquartered in Mumbai, India, founded in 2004.
  • The bank offers a wide range of financial services, including retail, corporate, and SME banking.
  • It has undergone restructuring and capital infusion in recent years to address financial challenges.
• Role of Executive Director (Whole-Time Director)
  • The Executive Director is responsible for day-to-day management and ensuring strategic alignment with the bank's goals.
  • This position requires strong leadership, decision-making, and operational expertise.
• Reserve Bank of India (RBI) Approval
  • Appointments at key positions in banks require prior approval from the Reserve Bank of India (RBI).
  • RBI ensures that the candidates meet the necessary qualifications and experience for banking leadership roles.
• Corporate Governance in Banks
  • Good corporate governance ensures transparency, accountability, and efficient management of resources.
  • It is essential for maintaining public trust and the stability of the banking sector.