Money & Banking

Yes Bank appoints two Senior Group Presidents

Our Bureau Mumbai | Updated on July 08, 2019 Published on July 08, 2019

Board refutes concerns over financial position, unfounded speculation

Private sector lender Yes Bank on Monday announced the appointment of Rajeev Uberoi as Senior Group President – Governance and Controls and Anurag Adlakha as Senior Group President and Head – Financial Management and Strategy.

Both are external hires and will report directly to Ravneet Gill, the bank’s Managing Director and CEO.

The Board of Directors of the bank also stressed that the lender’s financial position is sound and stable and its liquidity and operating performance continue to be robust. The board will be meeting on July 17 to approve the financial results for the quarter ended June 30, 2019.

The bank also refuted “unfounded speculation about its board and management stability, asset portfolio, future growth prospects amongst other things”.

The statement comes at a time when Yes Bank’s shares have been on a downward spiral and are now trading at below ₹100 apiece levels.

On Monday, the bank’s scrip was trading at ₹92.60 apiece on BSE.

Published on July 08, 2019
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