Mr Chawla took over after non-executive part-time Chairperson Radha Singh completed her tenure as the bank's director yesterday, Yes Bank informed the stock exchanges.
"..furtherance to company's letter dated August 22, 2016 intimating the receipt of approval of RBI for appointment of Ashok Chawla as Non-Executive Part-time Chairman of the Bank for a period of three years from the date of his taking charge," Yes Bank Ltd said in a BSE filing on Sunday.
The bank further said,"Ms Radha Singh, Non-Executive Part-time Chairperson of the Bank has completed her tenure as Non-Executive Part-time Chairperson of bank as on October 29, 2016 and accordingly ceases to be Director on the Board of the Bank at the close of business on October 29, 2016."
In March this year, Mr Chawla was appointed additional non executive director on the bank's board. He was to be appointed as non executive chairman of the bank after the end of Singh's term, the bank had then informed the bourses.
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