Yes Bank appoints Sharad Sharma as Non-Executive Director on its board of directors, effective from November 1, 2021.
The decision comes vide a notification from the Finance Ministry under the ‘Yes Bank Ltd Reconstruction Scheme 2020’.
Sharma will continue to hold his office until an ”alternate board” is constituted by the bank in accordance with the procedure laid down in its Memorandum and Articles of Association, Yes Bank said in a regulatory filing.
He will be eligible to be appointed on the ”alternate board” to be constituted under the Scheme with the approval from shareholders in due course, it said.
Sharma is a career banker with 40 years of experience in the banking industry. He is a career banker and was the Managing Director of State Bank of Mysore from August 2012 to April 2016, where he was seconded from State Bank of India.
He joined Union Bank of India as a probationary officer in 1975 before joining SBI as PO in September 1977.
Sharma held various assignments across all fields of a banking organisation, including exposure to international banking, when he was posted in SBI’s 100 per cent owned Canadian banking subsidiary.
His major interest has been primarily in the corporate and SME banking segment.
