CURRENT AFFAIRS

Detailed explanation-1: -MUMBAI : Yes Bank Ltd on Thursday named Deutsche Bank India chief Ravneet Singh Gill as the new managing director and chief executive officer (CEO), succeeding Rana Kapoor at the private sector lender. The announcement of the new CEO came on a day when the bank reported a 7% drop in net profit in the December quarter.

Detailed explanation-2: -The Reserve Bank of India (RBI) has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect from 6 October 2022.

Detailed explanation-3: -He was appointed as the president of ASSOCHAM in July 2013, and was succeeded by Sunil Katoria after serving his two year term.

Detailed explanation-4: -Yes Bank appoints Rama Subramaniam Gandhi as Additional Independent Director. Yes Bank announced it has appointed Rama Subramaniam Gandhi as Additional Independent Director on the company’s Board, with effective from July 23, 2022.

Detailed explanation-5: -The Reserve Bank vide its letter dated September 20, 2022 has approved the appointment of Rama Subramaniam Gandhi as non-executive (part time) chairman of the bank for a period of three years effective from Tuesday, Yes Bank said.