Yes Bank Hikes 10% on Appointing a New MD & CEO Ravneet Gill

Yes Bank shares price hiked 10% on Friday morning as appointing the new MD & CEO of the company. The new MD & CEO will be Ravneet Gill – current CEO of Deutsche Bank, India.

On 24th January, Yes Bank announced Ravneet Gill as MD & CEO with effect from 1st March, 2019. Rana Kapoor will step down as CEO & MD of Yes Bank on January 31, 2019. The company has registered 7% fall in its 4th quarter net profit at INR 1,001 Cr. against INR 1,076.8 Cr. in the same quarter last year. While NII (Net Interest Income) of the bank rose at INR 2,667 crore.

The hikes in shares clearly describe that people have put trust in the new MD & CEO.

At 4:00 PM, January 25, 2019, the share price was quoting INR 219.65 up INR 5.880 or 2.71%.

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