Yes Bank announced that Sharad Sharma has been co-opted as Non-Executive Director on the Board, effective November 01, 2021.
According to the Bank’s exchange filing, “This is to inform you that as permitted under Clause 5(5) of the ‘Yes Bank Limited Reconstruction Scheme, 2020’ notified by the Ministry of Finance, Government of India vide notification No. G.S.R. 174(E) dated March 13, 2020 (“Scheme”), Mr. Sharad Sharma has been co-opted as Non-Executive Director on the Board of the Bank with effect from November 1, 2021 to broad base the Board.”
Sharad Sharma is a career banker with forty years of banking experience. He was Managing Director of State Bank of Mysore during the period from August, 2012 to April, 2016, where he was seconded from State Bank of India (SBI), the statement said.
He joined Union Bank of India as Probationary Officer (PO) in 1975 before joining SBI as PO in September, 1977. He has held various assignments across all fields of a banking organisation, including exposure to :international banking, when he was posted in SBI’s 100%-owned Canadian banking subsidiary.
His major interest has been primarily in the corporate and SME banking segment. He headed the Project Finance SBU of State Bank of India from August, 2005 to October, 2006, with key focus on infrastructure lending. He also headed SBI’ s Global Markets Unit at Kolkata from May, 2009 to December, 2010, dealing with the mid- and back-office functions / correspondent banking of the Bank’s forex operations.
He drove policy-level intervention in the Risk Management area for-SBI, where he headed the Risk Management Department, from December, 2010 to September, 2011, at the corporate level, a statement said.
As Chief General Manager he primarily drove the SME business for SBI’s Tamil Nadu and Puducherry operations during the period from September, 2011 to August, 2012, it added.
Sharad Sharma had been active in the banking industry, being in the Managing Committee of the Indian Banks Association, besides the Governing Board of Indian Institute of Banking & Finance.
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