Yes Bank Ltd. appointed Anurag Adlakha, the private lender's senior group president and head of financial management and strategy, as its group chief financial officer.
Adlakha would succeed Raj Ahuja, who has been re-designated as group chief strategy officer. Changes to the bank's management are being made to strengthen its overall financial management and strategy functions, the lender said in an exchange filing.
The moves comes even as the bank launched a qualified institutional placement issue to raise up to $275 million.
Yes Bank named Ravneet Gill, former head of Deutsche Bank in India, as its managing director and chief executive officer in January after the Reserve Bank of India denied an extension to co-founder Rana Kapoor, forcing him to step down.
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