Ravneet Gill appointed as Yes Bank MD & CEO; stock spikes ~15%

The bank announced that Ravneet Singh Gill will succeed Rana Kapoor as its MD and CEO along with its Q3 results today.

Jan 24, 2019 03:01 IST India Infoline News Service

yes bank
Yes Bank has received RBI approval for its new MD & CEO, Ravneet Singh Gill to join on or before March 1, 2019.

Ravneet Gill, who is the CEO of Deutsche Bank’s India operations, will join the company on or before March 1, 2019.

The bank posted a net profit of Rs1,001cr for the third quarter ended December 2018. The net profit of the bank came at Rs1,076.87cr in the corresponding quarter a year ago.

Following the announcement of the new CEO, the bank's shares rallied ~15% on the NSE.

Yes Bank Ltd is currently trading at Rs225.95 up by Rs28.65 or 14.52% from its previous closing of Rs197.30 on the BSE.
The scrip opened at Rs198.80 and has touched a high and low of Rs234.90 and Rs189.10 respectively. So far 13,93,26,639 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs45,632.64cr.

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