NEW DELHI: Shares of YES Bank climbed 3 per cent in morning trade on Friday, a day after suffering a loss of 6.48 per cent, as the lender deferred the appointment of managing director and CEO to January 9.
The committee and board on Thursday finalised the recommendation for the position of non-executive part-time chairman and shall be promptly seeking the requisite approvals from the Reserve Bank of India, the bank said in a statement, further stating that it is on track to name a new MD and CEO within the RBI deadline.In a release, the company said the 'Search Selection Committee (SSE) has discussed and deliberated on the final shortlisted external and internal candidates presented by Korn Ferry post their comprehensive interviews and assessment.
The SSE will now engage with the candidates over the next few days for finalization.
The post of non-executive chairman has been vacant since November when Ashok Chawla resigned from the board.
Shares of the company, however, cooled off a bit and traded 1.12 per cent up at Rs 176.65 apiece on BSE around 10 am.
The benchmark Sensex was 0.21 per cent up at 36,004.