On Thursday it said it has reclassified two non-executive non-independent directors as nominee directors on its board. EGM, The private sector lender T. was appointed to Keshav Kumar and Sandeep Tiwari has been appointed as non-executive non-independent director on its board with effect from July 15, 2022.

After a resolution passed in the Extraordinary General Meeting (EGM) held on 24th August, 2022 and the recommendations of

The board of directors has approved the reclassification of Kumar and Tiwari as nominee directors with effect from August 25, 2022, Yes Bank said in a regulatory filing.

Tiwari, Deputy Managing Director (Internal Audit) at SBI, has expertise in Strategic Administration, Evaluation of Business Operations as well as Risk Management.

Kumar is a former banker with more than 37 years of experience in SBI. He worked in various departments including retail, commercial audit, project finance, risk management and treasure, among others. He retired as Deputy Managing Director of SBI in September 2021.

Yes Bank shares closed at Rs 16.50 per share BSEDown 0.72 percent from the previous close. What is PTI KPM