YES Bank is offering 1 million pounds to the London School of Economics and Political Science (LSE) to support the IG Patel Chair, named after the former RBI governor and former director of LSE. Rana Kapoor, MD & CEO of the bank, signed an agreement with the LSE deputy director and Provost Professor Robin Mansell in London, pledging 10 years of funding for the chair which will be held initially by Prof 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 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 programs related to India’s economy, politics and society. YES Bank will join LSE’s Benefactors’ Board, the highest accolade bestowed upon those who make transformative philanthropic commitments to the school
