Former SBI CFO Prashant Kumar takes charge as YES Bank administrator


PTI, Mar 6, 2020, 2:04 PM IST

New Delhi: 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.

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

“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.

Yes Bank stock was trading 71.51 per cent down at Rs 10.50 on the BSE.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

India crawl to 51 for 4 after losing top-order

Nursing student suicide: Three students arrested in Kerala

Nadda’s letter to Kharge full of falsehoods: Cong

10 month baby gets new heart, new life

Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

100 engineering colleges in Karnataka to be ‘adopted’ by corporates by next year: IT Minister Kharge

Related Articles More

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Gautam Adani charged in US with USD 250 mn bribery, fraud

India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra

RBI cautions public about ‘deepfake’ video of governor being circulated on social media

We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-cr penalty

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Global Bhagavad Gita Quiz Announced: Registration now open

Kasaragod: Husband murders woman PSI

Puttur: Private bus crashes into house to avoid collision with school bus

India crawl to 51 for 4 after losing top-order

Mangaluru: POCSO case – Convict sentenced to 20 years in prison

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.