Yes Bank recommends name of Brahm Dutt for post of Chairman: Sources
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Yes Bank has recommended the name of its board member Brahm Dutt for the post of Chairman to the RBI, according to sources. The Chairman post fell vacant after the resignation of Ashok Chawla in November following issues related to probity. “The bank has sent the name of Dutt to the Reserve Bank for the Chairman post,” a source said Tuesday.
Yes Bank has recommended the name of its board member Brahm Dutt for the post of Chairman to the RBI, according to sources. The Chairman post fell vacant after the resignation of Ashok Chawla in November following issues related to probity. “The bank has sent the name of Dutt to the Reserve Bank for the Chairman post,” a source said Tuesday.
The other board members are MD&CEO Rana Kapoor, Lt General Mukesh Sabharwal, Subhash Kalia, Ajai Kumar, Pratima Sheorey, Uttam Agarwal and TS Vijayan. Vijayan — former LIC and Irdai chief — was inducted into the board only recently along with Agarwal who is a chartered accountant with expertise in taxation, finance and restructuring.
Besides, the bank has to recommend name/s for MD&CEO post to the RBI as Kapoor has been denied extension post January 31, 2019 by the the central bank. As per sources, RBI has flagged issues related to corporate governance as well as under-reporting of bad loans.
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