Moneycontrol has learnt that Uberoi will be spearheading the compliance and governance related functions at Yes Bank.
The troubled lender is looking to imrpove investor confidence after registering losses for the March quarter.
On April 26, the bank reported its first-ever quarterly loss since its inception in 2004 at Rs 1,506 crore in the January-March quarter.
"One of the upsides of the bank is the quality of management that we have and I would love to have the stability of the senior management that we have," Gill said.
While Axis Bank managed to go back to making profits, YES Bank slipped in red and posted its biggest quarterly loss ever.
Gill said that apart from some senior hirings, the bank also plans to increase its headcount by 2600 in FY20.
Focus is now on new leaders who will set the stage for rest of their tenures, as the two banks gear up to unveil their fourth quarterly performance this week.
"Ravneet Gill has joined Yes Bank as MD & CEO today. His tenure as approved by RBI is 3 years from the date of his joining, i.e. March 1, 2019 to February 28, 2022," Yes Bank said in a regulatory filing.
Yes Bank had requested the RBI to extend Kapoor’s tenure till at least 30 April 2019 but the central bank okayed the extension only till the end of January 2019.
With the appointment of new MD & CEO, focus will now shift to business as usual and will take away near-term overhang from the stock, suggest experts.
Developed markets may no longer continue to outperform the emerging markets, says Chief Executive Officer of Deutsche Bank India, Ravneet Gill. The rupee too, continues to perform better than other emerging market currencies, he adds.
The government's decision to retain its FY17 fiscal deficit target at 3.5 percent has worked well with investors, says Deutsche Bank India CEO Ravneet Gill.
German lender Deutsche Bank today reported a 93 percent jump in profit from its Indian branches at Rs 1,406 crore for financial year 2014-15.
At â€˜Mumbai Next‘ event which aims to transform MMR into a global financial, commercial and entertainment hub, CNBC-TV18's Shereen Bhan, who moderated an esteemed panel of guests, spoke to India‘s largest public sector bank SBI chief Arundhati Bhattacharya about what is holding back the country from becoming a global financial hub.
Deutsche Bank continues to see pick up in domestic flows and a 15-16 percent earnings growth this year for India.
Ravneet Gill, CEO, Deutsche Bank India says, in an interview to CNBC-TV18, that a broad-based boost to the economy was key to growth and adds that India was still a hot hub for investment
German banking giant Deutsche Bank said that it has infused an additional capital of Rs 1,054 crore into its India operations to fund its growth plans. The capital infusion, which takes the total capital base to Rs 7,000 crore, is the second infusion in 2012 and the sixth since 2007, the bank said in a statement.