Manish Jain appointed as executive director of YES Bank

Private sector lender YES Bank said the Reserve Bank of India (RBI) had approved the appointment of Manish Jain as executive director (whole-time director) of the bank for three years, effective from December 11, 2024, to December 10, 2027.

RBI vide its letter dated December 11, 2024, has approved, the appointment of Manish Jain as Executive Director (i.e., Whole Time Director) of the Bank under Section 35B of The Banking Regulation Act, 1949 for 3 (three) years from the date of taking charge as Executive Director i.e. December 11, 2024, till December 10, 2027," YES Bank said in a regulatory filing.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : GRSE Wins Prestigious CII Industry-Academia Awards 2024

This approval follows the earlier resolution by YES Bank’s board of directors, which had appointed Jain as an additional director and executive director, subject to RBI clearance. His appointment will become fully effective following approval by the bank's shareholders.

Jain has been with YES Bank since September 2023 and spearheads its corporate and wholesale banking business. Before the RBI approved his appointment as executive director, Manish Jain was designated as the country head of wholesale banking.

He will continue to head the corporate and wholesale banking business encompassing the bank’s large corporates, emerging local corporates, multinational corporates, financial institutions, government banking, project finance, loan syndication, transaction banking, IFSC banking unit, corporate and government advisory, food and agri strategic advisory and research, business economics and financial markets.

Jain comes with three decades of work experience which includes more than 23 years with Standard Chartered Bank. He holds a postgraduate diploma in management from IIM Bangalore and a B.Tech in mechanical engineering from IIT Delhi.

 

Read Also : Government Issues LoA to Selected Applicants under Categories I & III of the Financial Incentive Scheme for Coal Gasification