Ashok Chawla Takes Over As Non-Executive Chairman Of Yes Bank
New Delhi: Former finance secretary and Competition Commission of India chairman Ashok Chawla has taken charge as Non-Executive Chairman of Yes Bank from Sunday.
Mr Chawla took over after non-executive part-time Chairperson Radha Singh completed her tenure as the bank's director yesterday, Yes Bank informed the stock exchanges.
"..furtherance to company's letter dated August 22, 2016 intimating the receipt of approval of RBI for appointment of Ashok Chawla as Non-Executive Part-time Chairman of the Bank for a period of three years from the date of his taking charge," Yes Bank Ltd said in a BSE filing on Sunday.
The bank further said,"Ms Radha Singh, Non-Executive Part-time Chairperson of the Bank has completed her tenure as Non-Executive Part-time Chairperson of bank as on October 29, 2016 and accordingly ceases to be Director on the Board of the Bank at the close of business on October 29, 2016."
A former IAS officer, Ms Singh was non-independent director on the bank's board since April 2008 and was appointed chairperson in 2014.
In March this year, Mr Chawla was appointed additional non executive director on the bank's board. He was to be appointed as non executive chairman of the bank after the end of Singh's term, the bank had then informed the bourses.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
