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Yes Bank Finalises Candidates To Replace Rana Kapoor As CEO

9 January, 2019 11:29 AM
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Yes Bank Finalises Candidates To Replace Rana Kapoor As CEO

The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, it said in a statement.

Yes Bank said on Wednesday it has finalised the potential candidates for the position of chief executive officer to replace the incumbent Rana Kapoor, but did not disclose names.

The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, and will make the relevant disclosures after the RBI's approval, the lender said in a statement.

Yes Bank's governance was thrown into question in September when the RBI asked Mr Kapoor to step down by the end of January, sending its stock plunging and causing several resignations from its board.

Source: ndtv.com

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