 "Rana Kapoor")
The Reserve Bank of India (RBI) has once again rejected YES Bank’s request for extending the term of MD & CEO Rana Kapoor, and reaffirmed the February deadline for finding his successor.
The RBI said that a successor to Kapoor should be appointed by February 1, 2019. Kapoor’s tenure was cut short by an order issued by the RBI recently. Kapoor will be in office till January 31, 2019.
Meanwhile, the bank's stock closed at Rs 231.75 on BSE, down by 6.85 per cent from the previous close.
Business Standard had earlier reported that the bank plans to submit
The RBI said that a successor to Kapoor should be appointed by February 1, 2019. Kapoor’s tenure was cut short by an order issued by the RBI recently. Kapoor will be in office till January 31, 2019.
Meanwhile, the bank's stock closed at Rs 231.75 on BSE, down by 6.85 per cent from the previous close.
Business Standard had earlier reported that the bank plans to submit
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