Yes Bank shares rise 2 pc on decision to seek extension for Rana Kapoor
On Wednesday, Shares of Yes Bank rose by nearly 2 per cent, a day after the company board decided to seek at least a three-month extension from RBI for its MD and CEO Rana Kapoor beyond January 31, 2019.
Yes Bank shares closed nearly 3 per cent lower Tuesday. The RBI had last week curtailed the three-year term that the board had sought for Kapoor, also one of the promoters of the bank, to January 31, 2019. Image Source: Reuters