Yes Bank, India’s fifth largest private sector bank, has pledged 1 million pounds to the prestigious london School of Economics and Political Science (lSE) to support the IG Patel Chair – named in honour of the former RBI Governor and former Director of lSE.
Rana Kapoor, Managing Director & CEO, Yes Bank, signed an agreement with the lSE Deputy Director and Provost Professor Robin Mansell here on Thursday, pledging 10 years of funding for the Chair which will be held initially by Professor lord Nicholas Stern.
A former chief economist of the World Bank, with four decades of experience working with India, Stern has been the IG Patel Chair of Economics and Government since its creation in 2007. The funding from Yes Bank will also support the work of the lSE India Observatory, which had been set up in 2007 to continue to develop and enhance research and programmes related to India’s economy, politics and society.