New Delhi: A day after resignation of non-executive director Ajai Kumar, Yes Bank Tuesday said non-executive independent director Mukesh Sabharwal has stepped down from the bank's board. "We would like to inform that Lt. Gen Mukesh Sabharwal (Retd), non-executive independent director of the bank has tendered his resignation on June 10, 2019," Yes Bank said in a regulatory filing. Sabharwal was appointed as the board member of the bank on April 25, 2012 and has spent over 7 years with the Yes Bank. In January, Yes Bank senior group president and head - retail and business banking Pralay Mondal had tendered his resignation. Shares of Yes Bank Tuesday closed 2.50% higher at ₹139.30 apiece on the BSE.

Source: Mint June 11, 2019 13:52 UTC