YES BANK announces appointment of Additional Directors

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Recommends to RBI for Appointment of Mr. Ashish Agarwal as Executive Director

Pursuant to approval of the Board of Directors, basis the recommendation of the Nomination & Remuneration Committee of the Board (“N&RC”) YES BANK, India’s fourth largest private sector Bank announces the appointment of Mr. Maheswar Sahu and Mr. Anil Jaggia as Additional Directors (Independent), with immediate effect. (Profiles attached)

In terms of the provisions of Section 149, 152 read with Schedule IV of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the appointment of
Mr. Maheswar Sahu and Mr. Anil Jaggia as Independent Directors on the Board of YES BANK with effect from January 24, 2019 for a period of 5 years, would be subject to approval of Shareholders at the next Annual General Meeting of the Bank.

With these appointments, YES BANK’s Board constitution is as follows:

Brahm Dutt, Part-Time Chairman

Lt. General (Dr.) Mukesh Sabharwal (Retd.), Independent Director

Subhash Chander Kalia, Non Executive Non Independent Director

Ajai Kumar, Non Executive Non Independent Director

Dr. Pratima Sheorey, Independent Director

Uttam Prakash Agarwal, Additional (Independent) Director

T.S. Vijayan, Additional (Independent) Director

Maheswar Sahu, Additional (Independent) Director

Anil Jaggia, Additional (Independent) Director

Rana Kapoor, Managing Director & CEO

Speaking on the occasion, Rana Kapoor, MD & CEO, YES BANK, said, “Mr. Maheswar Sahu and Mr. Anil Jaggia are highly experienced, accomplished and respected leaders, with corporate & industry experience and expertise in Policy making, Supervision and Strategic direction across Technology/ Audit, new age industries Stakeholder relationship management etc. These inductions will further strengthen institutional governance by YES BANK’s Board of Directors, constituting 70% Independent Directors, in this current large size phase of the Bank.”

In order to strengthen the long term succession planning within YES BANK, and given the demonstrated track record of Mr. Ashish Agarwal, Senior Group President and Chief Risk Officer of the Bank, the Board of Directors in its meeting held on January 24, 2019, basis the recommendation of N&RC, has proposed his candidature to be appointed as Executive Director, subject to RBI’s approval. The Bank would make appropriate recommendation to RBI regarding this appointment.