INSUBCONTINENT EXCLUSIVE:
Yes Bank posted a 7 per cent fall in its net profit for the quarter ended December 31, 2018.Yes Bank on Thursday named Ravneet Singh Gill as
its new managing director and CEO
In a regulatory filing, the private sector bank said it has received approval of the Reserve Bank of India (RBI) for Mr Gill to join on or
its filing to the BSE (Bombay Stock Exchange).Mr Gill, head of Deutsche Bank India, will replace Yes Bank CEO Rana Kapoor.Yes Bank had
earlier this month said it had finalised the potential candidates for the position of chief executive officer to replace the incumbent Mr
in its net profit for the quarter ended December 31, 2018.Yes Bank's net profit stood at Rs 1,002 crore ($140.73 million) in the three-month
period, according to the statement
had estimated the bank to report a profit of Rs 1,060 crore for the quarter ended December 31, 2018, news agency Reuters ported citing data
cent higher.(With agency inputs)
