India’s fourth-largest private sector lender Yes Bank has announced the appointment of Brahm Dutt as its non-executive part-time Chairman of the board.
The Reserve Bank of India (RBI), pursuant to the provisions of the Banking Regulation Act, 1949, and on the basis of Dutt’s outstanding credentials and experience has approved his appointment up till July 04, 2020.
Dutt has been on Yes Bank’s board since July 2013 as an independent director and has contributed to almost all sub-committees of the board over the past 5.5 years and is currently also the Chair of the Nomination & Remuneration Committee.
His core competence is in the area of SME development. He has acted as a member on the board of directors of SIDBI, NSIC, KSFC, KSSIDC, and several other public sectors undertakings associated with development and financing of small scale and micro enterprises in Karnataka.
He has closely dealt with issues connected with the availability of credit to these sectors and was associated with several high-level committees towards the same. As Joint Secretary, the very first initiative for the development of micro-finance institutions in the country was taken by him.
He had led several missions as International Consultant for the International Trade Centre, Geneva, for preparation of projects for the development of SMEs in Ghana, Nigeria and The Gambia in Africa. He also acted as a Consultant for UNIDO and UNDP.