Yes Bank Names Niranjan Banodkar as its New CFO

Private sector lender, Yes Bank, has appointed Niranjan Banodkar as its Chief Financial Officer (CFO) and he would be taking charge from January 1, 2021. In the regulatory filing the bank said, Niranjan would succeed Anurag Adlakha, who has been designated as the Chief Human Resources Officer (CHRO).

Niranjan brings in 17 years of experience in Banking in financial planning and strategy, risk management, and capital markets. He is presently responsible for driving the sustainability agenda as well as the strategy and planning function at the bank. Niranjan joined Yes Bank in April 2006 and served as a key member in setting up the Market Risk function.

The bank further adds, as Head of Market Risk, Niranjan was responsible for setting up policies, procedures, and limits for prudent risk-taking across the Bank's Financial Markets businesses. He has also been an active member of the ALCO, Investment Committee and was also involved in various Basel implementation initiatives.

Over the last six years, as Head of Financial & Investor Strategy, Niranjan has successfully led multiple fundraising across equity and debt instruments and over different lifecycles, states the bank.
Furthermore, he even started his Banking career with the Bank of Bahrain & Kuwait and has also was associated with E&Y in their Risk & Business Solutions practice. He is a Chartered Accountant and has also cleared the FRM (GARP) exam.

Prashant Kumar, MD & CEO, YES Bank says, "A bank's Human Resources are its most valuable assets and as we look to further strengthen our People related policies and practices, I am pleased that Anurag Adlakha will be leading this transformation at YES Bank. Anurag is a seasoned banker and has been a CXO with reputed banks for over two decades. He has also had a ringside view of the developments at Yes Bank over the past year and a half. Consequently, Niranjan Banodkar, currently Head Strategy, will take over as Group CFO."

He further adds, "Niranjan is a Chartered Accountant with 17 years of experience and has been associated with YES Bank for the past 15 years. He was very closely involved with YES Bank's successful FPO earlier in the year. His appointment is a testimony to the deep talent pool that is available to YES Bank. I am very confident that both these appointments will significantly benefit YES Bank."