Updated By: LatestGKGS Desk
Ashok Chawla resigns as Yes Bank Non-Executive Chairman
Ashok Chawla resigns as Yes Bank Non-Executive Chairman: Details, Career Profile, Highlights
Former bureaucrat Ashok Chawla on 15th November 2018 resigned as non-executive chairman of Yes Bank.
As per the officials, Ashok Chawla was offered to quit as the controversy was being generated on his continuance on the Board of Directors following his name appearing in a CBI charge sheet in the Aircel-Maxis case.
Yes Bank shall in due course will announce the appointment of a Chairman, after-RBI's approval.
As per sources, representations were being made by shareholders and stakeholders to the bank as well as regulators like Sebi questioning his continuance on the Yes Bank's Board after being named in charge sheet filed in Aircel-Maxis case by the premier investigating agency CBI in July.
Yes Bank's board has also approved the appointment of Uttam Prakash Agarwal as an additional director (Independent) for a period of five years.
