– INDIA, Mumbai – YES BANK (LON:16ER | NSE:YESBANK), India’s fourth largest private sector Bank today announced the appointment of TS Vijayan as an Additional Independent Director, with immediate effect.
The appointment of T S Vijayan as an Independent Director on the Board of YES BANK with effect from December 03, 2018 for a period of 5 years would be subject to approval of Shareholders at the next General Meeting of the Bank.
Speaking on this strategic Board development, Mr. Rana Kapoor, MD & CEO, YES BANK, said, “On-boarding eminent leaders to further strengthen the Board, is a top priority for YES BANK ../.. We are particularly privileged to welcome T S Vijayan on the Board as an Additional Director (Independent) who has an impeccable leadership and demonstrated track record, having served at the helm of India’s Insurance Regulator (IRDAI), as also in India’s largest Insurance organization (LIC). His induction on the Board of Directors will bring considerable expertise to the Board, and Board Level Sub-Committees.”
AboutT S Vijayan
Mr. Vijayan is an eminent leader, with an impeccable public track record. He was the past Chairman of Insurance Regulatory & Development Authority of India (‘IRDAI’). Before assuming charge as Chairman, IRDAI in 2013, Mr. Vijayan held several senior leadership positions in various capacities in the Life Insurance Corporation of India (‘LIC’), India’s largest Insurance Company, and assumed responsibility as its Chairman in 2006. His career in LIC started as a Direct Recruit Officer in the year 1977 and some of the important assignments held by him were Managing Director of LIC, Executive Director (IT & BPR), Director and Chief Executive of LIC Housing Finance Limited Carehomes.
His specialization includes Administration, Information Technology, HR & Marketing. He was the architect of the concept of Satellite Offices in LIC which brought about a revolution in customer service. He has participated in several national and international seminars in the areas of Information Technology, Strategic Management, Corporate Governance, Financial Management, Value creation in Service industry etc. He has received extensive training in Business Schools like Indian School of Business and apex training institutes like NIA, MDC etc.
Mr. Vijayan pursued his education in Kerala and holds a special graduate degree from Kerala University. He also holds a Diploma in Management.
Mr. T S Vijayan has been a key member of the Search & Selection Committee set up to identify a suitable successor for the new MD & CEO position. Given that the S&SC has made significant progress and is in advanced stages, the N&RC and the Board has decided to seek Mr. T S Vijayan’s larger engagement and involvement, now as an Additional Board Director (Independent) with continuation on the four member S&SC.
About YES BANK
YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING INDIA’s FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA.”
For more information : https://www.yesbank.in
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