Yes Bank gets new Board led by former SBI official Prashant Kumar

Mumbai: Private lender Yes Bank on Thursday constituted a new Board led by former SBI official Prashant Kumar.

Eight members including Kumar were appointed to the Board, which subsequently held its first meeting where it decided to raise Rs 5,000 crore.

Till now, the office of the administrator appointed by the RBI was in charge of the bank.

Apart from Kumar, Sunil Mehta, former Non-Executive Chairman of Punjab National Bank will take over as the Non-Executive Chairman of Yes Bank. Other Board members include Mahesh Krishnamurthy and Atul Bheda, both as Non-Executive Directors. (IANS)

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