Private sector lender, Yes Bank, on Friday said it has shortlisted potential candidate profile to possibly succeed its managing director (MD) and chief executive officer (CEO) Rana Kapoor.

Last month, the Reserve Bank of India (RBI) curtailed the three-year term that Yes Bank’s board had sought for its MD and CEO, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement.

"The Bank's 'Search & Selection Committee' chaired by Mr. Brahm Dutt met Korn Ferry, the empaneled Global Leadership Advisory Firm. All Committee Members were present," the bank said in a regulatory filing.

"The Committee finalized the potential candidate profile. Korn Ferry also shared a representative list of candidate pool, based on initial industry mapping," the bank added.

On October 11, Yes Bank appointed US-based headhunter Korn Ferry to assist an expert panel searching for a successor to outgoing CEO Kapoor.

Based on assessments and presentations made by these global advisory firms, the Search and Selection Committee has mandated Korn Ferry to assist the committee in evaluating candidates, Yes Bank said.

The Search and Selection Committee is headed by independent director Brahm Dutt.

Other members include Lt General Mukesh Sabharwal (Retd) - independent director, Subhash Chander Kalia, non-executive non-independent director, T S Vijayan, former chairman of IRDAI and LIC and O P Bhatt, former chairman, SBI.

First Published:Oct 26, 2018 6:45 PM IST