2020The Indian Express [P] Ltd. All Rights ReservedOne of India’s largest private banks, Yes Bank got a new administrator in Prashant Kumar on Friday after the Reserve Bank of India imposed a moratorium on the private lender due to mounting bad loans. Reproduction of news articles, photos, videos or any other content in whole or in part in any form He also served as the Chief General Manager of SBI in … Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum.
Under Kumar, the bank has already completed a Rs 15,000-crore capital raise.Shareholders will be considering and adopting a resolution on the salary for Kumar, who has been appointed till March 26, 2021, at the virtual AGM, according to the notice.The MD's suggested remuneration includes a basic salary of Rs 45 lakh, allowances of Rs 1.05 crore, and furnished accommodation of Rs 72 lakh, among other heads, the notice said.It intends to pay Kumar Rs 8.19 lakh for the services rendered as the “administrator” of the bank between March 5 and March 25, when he was appointed as the CEO and MD and a resolution towards the same will be considered and adopted.A special resolution on amending the employee stock options scheme by focusing on increasing the base will also be considered at the meeting, as per the notice.The total options available will be increased by 15 crore to 22.5 crore from the earlier 7.5 crore and the nomenclature of the scheme will also be changed to "YBL ESOS – 2020", as per the notice. Although, the bank has also finalised hiring of 2,200 probationary officers in the second half of this fiscal year. Prashant Kumar has taken charge with immediate effect, Yes Bank said in a BSE filing on Friday. Yes Bank's managing director and chief executive Prashant Kumar, a veteran SBI hand who joined the bank as part of its bailout, is set to be paid a total remuneration of Rs 2.84 crore.
BREAKING NEWS :- NEW CFO CAME IN SBI MR. CHARANJIT ATTRA.... PRASHANT KUMAR IS GOING TO LEAVE SBI BANK... about 13 mins 28 sec ago. Late in the evening of March 5, Prashant Kumar took an unexpected call from his boss at State Bank of India. Disclaimer: The primary source for the data used for these reports is the sworn affidavits provided by the candidates themselves. Kumar, who is former Deputy Managing Director and CFO of Prashant Kumar joined the State Bank of India in 1983 and has 30 years of experience in the banking field. Prashant Kumar, Deputy Managing Director (Corporate Development Officer) of SBI said, “We have got employees from our associate banks and hence, we had already said there would be very less recruitments this year. Visit any of our 1,132 branches from Mar 19, 2020, post commencement of banking hrs to experience our suite of services. Yes Bank Limited is an Indian Private Sector Bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapur in 2004. Prashant Kumar appointed as new CEO of Yes Bank The central government has appointed former SBI banker Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank. Pranab Mukherjee Live News Updates: Former President cremated with full state honoursAGR Judgement Day HIGHLIGHTS: SC allows 10 years for payment of AGR dues; telcos to pay dues on Feb 7 annuallyPaytm Mall’s ‘entire database’ hacked due to company ‘insider’; hacker demands ransomIncome Tax: Salary plus capital gains? The moratorium placed on the Yes Bank will end on 3rd April 2020.Meanwhile, the RBI governor Shaktikanta Das tried to assuage the fears of depositors and said that “the resolution will be done very swiftly, it will be done very fast. SBI Employees_Sept2017. The position in State Bank of India (SBI) was left vacant after Prashant Kumar, who earlier served as CFO and DMD of the lender was appointed as Administrator of Yes Bank in March as part of the Reserve Bank of …