(Reuters) - Yes Bank said on Wednesday its non-executive independent chairman, Ashok Chawla, was resigning from the bank's board, effective immediately.
The bank will name a new chairman near-term, subject to an approval from the Reserve Bank of India (RBI), the bank said in a statement.
The RBI said last month that the retail bank should appoint a successor to Chief Executive Officer Rana Kapoor by Feb. 1, 2019, after uncertainty around his succession plans.
(Reporting by Mekhla Raina in Bengaluru; Editing by James Emmanuel)
Disclaimer: No Business Standard Journalist was involved in creation of this content
