Yes Bank Limited announced the appointment of Mr. Maheswar Sahu and Mr. Anil Jaggia as Additional Directors (Independent), with immediate effect from January 24, 2019 for a period of 5 years, would be subject to approval of Shareholders at the next Annual General Meeting of the Bank. In order to strengthen the long term succession planning within YES BANK, and given the demonstrated track record of Mr. Ashish Agarwal, Senior Group President and Chief Risk Officer of the Bank, the Board of Directors in its meeting held on January 24, 2019, basis the recommendation of N&RC, has proposed his candidature to be appointed as Executive Director, subject to RBI's approval. The Bank would make appropriate recommendation to RBI regarding this appointment. Mr. Maheswar Sahu is an ex-senior civil servant with over 30 years of leadership experience in Central and State Governments. Mr. Sahu has previously served as the Former Additional Chief Secretary (Industries & Mines); Vice Chairman & MD, Gujarat Industrial Development Corporation (GIDC); Joint Secretary, Ministry of Communication & IT; Project Director, International Centre for Advancement of Manufacturing Technology; Joint Secretary, Ministry of Environment & Forest, Government of India; Industries Commissioner of Government of Gujarat; Commissioner of Information Technology and MD, Gujarat Informatics Limited; Joint Secretary Government of India; Joint Managing Director of Gujarat Industrial Development Corporation; Managing Director of Gujarat Tourism Corporation; and also Head of the District Administration for about eight years. Mr. Anil Jaggia has nearly three decades of expertise in the Banking and Financial Services covering HDFC Bank, Centurion Bank of Punjab and Citi Bank. A senior banker with an impeccable leadership track record, Mr. Jaggia brings in considerable expertise in Information Technology along with other areas such as Customer Service, Operations, Financial inclusion, Enterprise Transformation, Quality Improvement, and Administration. He is presently an Advisor and Consultant in Financial Services sector. Mr. Jaggia has worked with Citibank in India, Singapore and USA in businesses covering Cash Management, International Trade, Foreign Exchanges & Derivatives, Asset Sale and Commercial Cards and worked across functional areas including Business Management, Product Management, Operations, Sales and Trading. He held the position of Head – Forex & Derivatives as his last assignment with Citi Bank in India. Ashish Agarwal is the Chief Risk Officer (CRO) at YES BANK. He has been with the Bank since March of 2009 and has over 22 years of experience in commercial and investment banking, financial services spanning across structured and project finance, syndications and underwriting, high yield and distress asset investments, credit ratings, credit research and overall risk management. Mr. Agarwal in his current role as the CRO of YES BANK is responsible for effective implementation of an enterprise wide risk management framework and risk culture through various risk policies, processes, thresholds and controls that would enable prompt risk identification, accurate risk measurement and effective risk mitigation. Prior to joining YES BANK, he has worked with various organizations such as CRISIL, Citibank NA, Rabo India and Lehman Brothers in leadership positions.