Comments
Yes Bank Group Senior President Rajat Monga has resigned from the bank.
“He has quit as a full-time employee, he is still with the bank in an advisory capacity,” Ravneet Gill, Managing Director and CEO, said on Thursday.
Read more:Yes Bank shares crack 20% in afternoon trade
Monga was the Chief Financial Officer at YES Bank at one time and was also seen as a contender for the role of MD and CEO after Rana Kapoor.
“Over the last two years, he has taken a lot of strain. He wanted to leave last September, but we asked him to stay due to the management change. He had health issues and I told him to take a sabbatical but he just felt it was time for him to make a fresh start so he decided to move on,” Gill told BusinessLine.
Also read:Rana Kapoor, promoter group holdings in Yes Bank falls by over 4.5% in a week
“Professionally and personally, I feel very sorry to see him go,” he said.
Earlier in the day, Gill also made the announcement at an analyst concall when he was asked why Monga was not present.
Related news:Rana Kapoor leaves Yes Bank, Ajai Kumar interim CEO
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.