Ajai Kumar Resigns As Non-Executive Director Of Yes Bank
Ajai Kumar, a non-executive non-independent director of Yes Bank served as interim CEO for one month after Rana Kapoor’s exit.
Yes Bank had appointed Kumar, who had led state-run Syndicate Bank in the past, as its interim CEO for a month till Ravneet Gill from Deutsche Bank took over from March 1.
The Reserve Bank of India had in September asked Kapoor, co-founder and managing director and chief executive of Yes Bank, to leave office by Jan. 31.
"Ajai Kumar, Non-Executive (Non-Independent) Director of the Bank has tendered his resignation on June 9, 2019, with immediate effect due to personal reasons," Yes Bank said in a stock exchange filing.
After Gill joined Yes Bank, Kumar ceased to be an Interim MD and CEO of the bank but continued as a non-executive, non-independent director on the board.
Over the past few months, Yes Bank has seen several exits, including that of former bureaucrat Ashok Chawla as non-executive chairman of Yes Bank.
Earlier in January, Yes Bank senior group president and head (retail and business banking) Pralay Mondal had tendered his resignation.
On Monday, Yes Bank shares fell 2.89 percent to Rs 135.90 apiece on the BSE while the benchmark Sensex rose 0.43 percent to end the day at 39,784.52 points.