Rana Kapoor proposes peace to retain control over YES Bank's operation

A YES Bank spokesperson said Kapoor had acted in his role as promoter and not as the bank's MD and CEO

YES Bank Founder and Chief Executive Officer (CEO) Rana Kapoor (pictured) proposed burying the hatchet with co-promoter Madhu Kapur in an attempt to retain control over the bank’s operation.

Kapoor met with Kapur and her daughter Shagun Gogia last week to propose that the two promoters pose a united front. The proposal also included an option for them to merge shareholding power and voting rights, said sources.

Kapoor’s three-year reappointment was cut short by an order issued by the Reserve Bank of India (RBI) recently. He will be in office till January 31, 2019.

“Kapoor has enjoyed full access and knowledge of the