In a major development in the Indian banking sector, Deutsche Bank India CEO Ravneet Singh Gill has been named the new MD and CEO of Yes Bank. Gill will assume the charge at Yes Bank from March 1.

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Here are things to know about the next MD & CEO of Yes Bank Ravneet Singh Gill:-
- He is currently heading Deutsche Bank India as the managing director and chief executive officer

- He will succeed Rana Kapoor, whose term ends on January 31.

- According to Bloomberg profile, Ravneet Gill has been the Chief Executive Officer of India at Deutsche Bank AG, India since August 1, 2012.

Also Read: Yes Bank appoints Deutsche Bank's MD Ravneet Gill as its new CEO to replace Rana Kapoor

- Gill has a rich experience over 3 decades in structured financing, foreign exchange, transaction banking, risk management and private banking.

- As per Ravneet Gill's LinkedIn profile, he is Delhi's Modern School's alumnus.

- Gill earned his post-graduation course degree from Delhi's Hindu College.

Yes Bank names Ravneet Gill as CEO in big move; how you can make money from this stock

Earlier, the Reserve Bank had last September asked Kapoor, who is one of the promoters of the city-based lender along with his sister-in-law Bindu Kapur, to leave the office by the end of this month.

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"The bank has received Reserve Bank approval for new managing director and chief executive Ravneet Gill. He can join on or before March 1, 2019," Yes Bank said in a statement. The bank further said the board will meet on January 29 to finalise the interim transition.