The Search and Selection Committee of YES Bank has finalised the potential candidate profile for a successor to its current Managing Director and CEO, Rana Kapoor.
The decision was taken at the third meeting of the committee on Friday. “Global leadership advisory firm Korn Ferry also shared a representative list of candidate pool, based on initial industry mapping,” YES Bank said. The meeting was chaired by Independent Director on the bank’s board, Brahm Dutt, and all five members were present. YES Bank has fixed an internal target of recommending the new MD and CEO by the middle of December.
YES Bank shares fell 8.97 per cent and closed at ₹180.55 piece on the BSE, a day after it reported a 3.8 per cent drop in net profit in the second quarter of the fiscal.
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