Amazed that they could not find any good external candidates for top post.
Finally an internal candidate Mr Brahm Dutt for next 18 months, will be interesting to see how markets react
As per an article in Money Control of 11.1.19, Mr Paresh Sukthankar’s name is also short listed.
Hope they would bring in a person with good experience and reputation who may not bring back the past glory but could bring the bank out of the crisis and deliver good performance.
Paresh Sukhathankar is very well respected name in the banking circles and was expected to succeed to Aditya Puri at HDFC bank before his sudden departure. It would be big deal if he accepts to take over the job of CEO at Yes Bank. The stock may get immediately re-rated once the announcement happens.
Also Mr. Sukhatankar can join relatively quickly as he is not involved in full time job in any other bank as of now (involved in some education initiatives)
Looks like interesting times ahead!
Second month in a row & looks like the correction has made YES a favourite for Kotak, SBI & Reliance