The Reserve Bank of India on Wednesday approved the appointment of Manish Jain as executive director of Yes Bank for a period of three years with immediate effect, according to an exchange filing.
On Sept 10, the board of the private lender had appointed Jain as an additional director and executive director, which was subject to RBI's approval.
Jain has been with the bank since September 2023, and spearheads the corporate and wholesale banking business.
He will continue to head the corporate and wholesale banking business, which focuses on large corporates, multinational businesses, financial institutions, and project finance, among others.
Jain, an industry veteran, has over three decades of experience. The bulk of his career was spent at the Standard Chartered Bank, where he worked for more than 23 years. During the stint, he worked in diverse geographical locations throughout India, managing full range of corporate client segments.
Shares of Yes Bank on Wednesday closed 0.14% lower at Rs 21.58 apiece on the BSE, compared to a flat close of the benchmark Sensex.
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