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January 24, 2019

Meet the new CEO of YES Bank - Ravneet Gill

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Deutsche Bank’s CEO Ravneet Singh Gill  has been appointed as the new Managing Director and Chief Executive Officer (MD & CEO) of private lender Yes Bank. He is going to replace Rana Kapoor, whose term ends on 31st January 2019.

Yes Bank had been on the hunt for a new CEO since founder Kapoor was denied another three-year term in September last year by the RBI.  The bank had time till February 1st to announce the name of the successor to Rana Kapoor, so it sent it's recommendation to the Reserve Bank of India (RBI) after its board meeting on January 9. Gill and YES Bank’s Executive Director Rajat Monga were believed to be in the race for the top post.  Finally the RBI has approved Gill's appointment.

Gill, who is the CEO of Deutsche Bank’s India operations, will join YES Bank on or before March 1, 2019.  He studied at Modern School and Hindu College in Delhi, joined Deutsche Bank in 1991 and became its India CEO in 2012.  He has handled capital markets, treasury, structured finance, foreign exchange, transaction banking, risk management and private banking.

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