Rana Kapoor reappointed YES Bank MD for three years

The shareholders of Yes Bank on Tuesday approved there appointment of Rana Kapoor( pictured) as MD& CEO of the bank for three years, effective September 1, YES Bank said after the annual general meeting. There appointment is subject to final approval by the Reserve Bank of India (RBI), the company said. The share holders have also given their nod for raising $1 billion (~67 billion) from various instruments, including QualifiedInstitutional Placements .“The shareholders have approved through special resolution to raise capital aggregating up to $1 billion by way of issue of shares ,” it said. The shareholders, through special resolution, have approved the proposal to borrow/ raise funds in Indian/ foreign currency by issue of debt securities, including but not limited to non-convertible debentures, medium term notes and bonds up to an amount of ~300 billion, it said.