Private sector lender Yes Bank has informed the stock exchanges that Ajai Kumar, non-executive director of the bank, has resigned citing personal reasons. The former chairman and managing director of Corporation Bank was appointed to Yes Bank board on January 29, 2016. Mr. Kumar was appoined as the bank’s interim CEO for a month after Rana Kapoor’s term ended on January 31, 2019.
After Ravneet Gill took over as the MD and CEO from March 1, 2019, Mr. Kumar ceased to be the Interim CEO of the bank.
Prior to joining Corporation Bank, Mr. Kumar was the executive director of another state-run lender, UCO Bank.
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