General Announcement::Disclosure under Indian Listing Regulations

Issuer & Securities

Issuer/ Manager
YES BANK LIMITED, ACTING THROUGH ITS INTERNATIONAL FINANCIAL SERVICES CENTRE BANKING UNIT
Securities
YESBANK US$600M3.75%N230206 - XS1756056229 - 8HFB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-Jan-2020 21:51:35
Status
New
Announcement Sub Title
Disclosure under Indian Listing Regulations
Announcement Reference
SG200110OTHR97BN
Submitted By (Co./ Ind. Name)
Shivanand R. Shettigar
Designation
Group Company Secretary
Effective Date and Time of the event
10/01/2020 19:00:00
Description (Please provide a detailed description of the event in the box below)
YES Bank Limited (the Bank ) would like to intimate that it has received the resignation of Mr. Uttam Prakash Agarwal, an Independent Director and Chairman of the Audit Committee of the Board of the Bank.

In his resignation letter (as enclosed), Mr. Agarwal has made certain observations on the Bank s governance and the same shall be duly examined by the Board.

In this regard, the Bank would like to further intimate that the Bank was reviewing the fit and proper status of Mr. Agarwal as directed by the Reserve Bank of India. In this respect, the Bank had obtained legal opinions from eminent jurists. These opinions were to be considered by the Nomination and Remuneration Committee of the Board ( NRC )/ the Board of the Bank in their meetings scheduled for today, i.e., January 10, 2020. However, prior to the commencement of the proceedings of these meetings, the Bank received the resignation of Mr. Agarwal.

The NRC and the Board have taken on record Mr. Agarwal s resignation.

Kindly take note of the above.

The announcements made by the Bank can also be accessed at its website www.yesbank.in.

Attachments

Change in Director UPA Final.pdf
Total size =121K