Big setback for Yes Bank CEO Rana Kapoor, RBI wants him replaced soon
The Reserve Bank of India has curtailed the term of Yes Bank founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019. Rana Kapoor, who has been managing director and CEO since the bank's inception in 2004, had sought a three-year extension till August 31, 2021.
The Reserve Bank of India has curtailed the term of Yes Bank founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019. Image source: DNA