Yes Bank shares advanced about 5 percent to Rs 204.85 on Tuesday amid report that Deutsche Bank's Ravneet Gill has joined the race for top job at the lender.

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At 10.14 am, the stock touched an intra-day high of Rs 204.40 and was up 4.9 percent after rallying for the last two days, in which it rose risen more than 11 percent. As many as 3,86,37,086 shares traded on the National Stock Exchange.

In the last one month, the stock has gained about 14 percent, but the one-year return on the stock remains negative, down nearly 39 percent.

The chief executive officer of Deutsche Bank’s India operation, Ravneet Gill has joined the race to succeed Rana Kapoor as the CEO of Yes Bank, sources familiar with the development told The Economic Times.

CNBC-TV18 independently confirmed the news report.

The private lender, which has time till February 1 to choose a managing director and CEO for the bank, sent its recommendations to the Reserve Bank of India (RBI) after its board meeting on January 9, the report said.

The bank has not disclosed the names of the candidates.

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