Yes Bank appointed Neeraj Dhawan as Chief Risk Officer


After the Yes Bank crisis, it is careful with the dealings, statements and reports it has passed.

How did Yes Bank fall into the crisis?

  1. It went on a loaning spree with advances rising by 334% between Financial Year 2014 and 20192. Many borrowers started defaulting the bank’s gross non-performing asset
  2. percentage, that is the percentage of loans overdue for more than 90 days, zoomed to 7.39% as of September 2019, the highest among comparable banks.
  3. While bad loans accumulated , the bank didn’t make enough provisions in its profits. Its provisions were the lowest among comparable banks.
  4. Customers withdrew large amounts, leading to the credit-deposit ratio crossing 100% in 2018-19. That is, it lent more than it received.
  5. Loan spree and high Non Performing Assets meant poor profitability.
  6. The bank’s stock price fell steadily in the past year.

The borrowers like DHFL, IL&FS were in huge losses which impacted banks profitability.
With further changes in the bank’s administration, they hired a new Chief Risk Officer.
Yes Bank on Saturday said it’s appointed Neeraj Dhawan as its chief risk officer with immediate effect.

The board of directors, vide their resolution dated May Day , 2020, appointed Neeraj Dhawan because the chief risk officer of the bank for a period of three years, the bank said in a regulatory filing.
He will assume charge from Saturday in situ of Ashish Agarwal, the present chief risk officer, who are going to be transitioning to a replacement role within the bank.

Prior to this, Dhawan was holding the position of chief risk officer for retail and business banking. He has 29 years of experience in financial services and banking system .
With this appointment and shuffling of employees, bank may reflect positive impact for its performance in last few quarters.


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