Yes Bank has appointed former State Bank of India chairman O.P. Bhatt and former chairman of Life Insurance Corporation of India and Insurance Regulatory and Development Authority of India chairman T.S. Vijayan as external members in the five-member search committee for the selection of the bank’s next managing director and chief executive officer.
The other members of the search committee are independent directors Brahm Dutt and Mukesh Sabharwal, and Subhash Chander Kalia, who is non-executive, non-independent director of the board.
In a statement, Yes Bank said it had invited proposals from global leadership advisory firms specialising in banking and financial services for assisting the search committee. “The first meeting of the search and selection committee is scheduled on October 11, 2018, for finalisation of the advisory firm,” it said.