New HR head replaces Deodutta Kurane, who will be retiring from the bank soon, it said adding both the appointments will be effective January 1.
Banodkar is also designated as a key managerial personnel authorized for determining materiality of an event or information for making disclosures to stock exchanges, it added.
Niranjan joined the bank in April 2006 and was heading its market risk division prior to this elevation. He also headed the financial & investor strategy and investor relations at the bank.
Banodkar has 17 years of experience in risk management, capital markets, financial planning and strategy in banking and is currently responsible for strategy & planning. He joined the bank in April 2006 and had started banking career with Bank of Bahrain & Kuwait. He also had a brief stint with E&Y India.
Prashant Kumar, MD&CEO, Yes Bank said, 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."
Being a seasoned banker for over two decades, Adlakha has also had a ringside view of the developments at the bank over the past year and a half, he said.
Banodkar is a chartered accountant with 17 years of experience, and has been associated with Yes Bank for the past 15 years and was closely involved with its recent FPO.
I am very confident that both these key appointments will significantly benefit the bank, said Kumar.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.