said on Monday that it has been appointed Sharad Sharma As a non-executive director with effect from November 1, 2021. “Sharad Sharma has been co-opted as a Non-Executive Director on the Board of the Bank with effect from 1st November, 2021 for broad base of the Board,” Yes Bank said in a release.

This decision comes under a notification from the Ministry of Finance under the ‘Yes Bank Limited Reconstruction Scheme 2020’.

Yes Bank said in a regulatory filing that Sharma will continue in his post till the bank constitutes an “alternative board” as per the procedure laid down in its Memorandum and Articles of Association. He shall be eligible for appointment to the “Alternative Board” to be constituted under the Scheme, subject to the approval of the shareholders. Sharma is a career banker with over 40 years of experience in the banking industry.

He was the Managing Director of State Bank of Mysore during the period August 2012 to April 2016, where he was seconded from the State (SBI).

he joined

of India as a Probationary Officer in 1975 before joining SBI as a PO in September, 1977. Sharma held various assignments in all areas of a banking organization, including exposure to international banking, when he was posted at SBI’s 100% owned Canadian banking subsidiary. His major interest has been mainly in the Corporate and SME Banking segment.