Wednesday, October 20, 2021

SBI nominee director resigns from Yes Bank board

Yes Bank on Wednesday said that Swaminathan Janakiraman, the nominee director appointed by State Bank of India, has resigned. The resignation stands taken with effect from October 28, 2020.

“Accordingly, Swaminathan Janakiraman, ceases to be a director of the bank with effect from end of today, i.e. October 28, 2020,” the filing said.

In his letter, Janakiraman, has conveyed that State Bank of India will shortly nominate a replacement in his place, Yes Bank said in a regulatory filing.

MUST READ  Expert panel recommends online national standardised assessment test of students

Janakiraman, in his resignation letter addressed to Yes Bank MD&CEO Prashant Kumar said that “I wish to submit my resignation from the board of directors of Yes Bank as a nominee director, effective today October 28, 2020. SBI will be shortly nominating a replacement in my place.

With this resignation, Yes Bank is left with six members on its board including the MD&CEO Kumar and non-executive chairman Sunil Mehta.

MUST READ  MC polls in Dharamsala, Solan, Mandi, Palampur on April 7

Yes Bank shares closed at 12.52 apiece on BSE, down 2.49 per cent from the previous close.

Latest news

Capt Amarinder to form new party; to allign with BJP, breakaway Akali groups

Punjab's former Chief Minister Amarinder Singh has declared that he will form a new political party and provided the farmers' protest gets resolved, will...
MUST READ  Advanced Cancer Institute Bathinda provides treatment facility to cancer patients, COVID patients: Soni

Sydney train drivers begin strike, commuters advised to stay home

There are warnings of major delays across Sydney's rail network this morning as train drivers begin their strike. People who travel by train in Sydney are being...

Stranded aussies with unrecognised vaccines might have to wait longer to return

Many Aussies stuck overseas might not have an easier path home from November 1 when NSW opens its international borders after hitting the 80 per cent...

Victoria records 1,841 Covid cases; unvaccinated people in for loss of many freedoms

Victoria has recorded 1,841 new local cases of COVID-19 and another 12 deaths ahead of lockdown ending at 11.59pm tomorrow. There were another 38,881 vaccine doses...

Related news

Capt Amarinder to form new party; to allign with BJP, breakaway Akali groups

Punjab's former Chief Minister Amarinder Singh has declared that he will form a new political party and provided the farmers' protest gets resolved, will...

Sydney train drivers begin strike, commuters advised to stay home

There are warnings of major delays across Sydney's rail network this morning as train drivers begin their strike. People who travel by train in Sydney are being...
MUST READ  Expert panel recommends online national standardised assessment test of students

Stranded aussies with unrecognised vaccines might have to wait longer to return

Many Aussies stuck overseas might not have an easier path home from November 1 when NSW opens its international borders after hitting the 80 per cent...

Victoria records 1,841 Covid cases; unvaccinated people in for loss of many freedoms

Victoria has recorded 1,841 new local cases of COVID-19 and another 12 deaths ahead of lockdown ending at 11.59pm tomorrow. There were another 38,881 vaccine doses...

Two NSW men arrested for making false COVID-19 ‘JobSaver’ applications

Two NSW men have been charged as investigations continue into alleged fraudulent COVID-19 grants and drug supply offences on the Central Coast. Detectives yesterday raided a home in Mardi,...

Kanye West is now officially just ‘Ye’

Kanye is now Ye. A Los Angeles judge on Monday approved the request of the rapper, producer and fashion designer to legally change his name...

Uttarakhand: Heavy rains leave 11 dead; Nainital cut off from rest of state

Eleven more deaths were reported in Uttarakhand on Tuesday as incessant rains continued to lash various parts of the state, especially Kumaon region, razing...

Colin Powell, former US Secretary of State, dies of Covid complications

Former US Secretary of State Colin Powell, aged 84, has died of Covid-19 complications. The former top military officer died on Monday morning, his...