• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Prashant Kumar is now Yes Bank admin

|

New Delhi, Mar 06: Yes Bank on Friday said Prashant Kumar, former deputy managing director and CFO of State Bank of India, has taken charge as its administrator.

The private sector lender was on Thursday placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

Prashant Kumar is now Yes Bank admin

Kumar taking charge as the Yes Bank administrator is in line with notifications issued by Department of Financial Services and the RBI.

    NEWS AT NOON MARCH 6th, 2020

    Yes Bank depositors rush to ATMs but most unable to withdraw cash

    "In line with the above, Prashant Kumar, ex-DMD and CFO of State Bank of India, who has been appointed as the Administrator by the Reserve Bank of India under Section 36ACA(2) of the Banking Regulation Act, 1949, has taken charge with effect from today," Yes Bank said in a BSE filing.

    For Daily Alerts
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more