Saying yes to a truce

Nov 21, 2003:

Yes Bank Ltd established with Ashok Kapur and Rana Kapoor as promoters. Kapur is the non-executive chairman, Kapoor serves as MD and CEO

Jan 21, 2004:

Yes Bank’s articles of association (AoA) give promoters equal rights

Jun 4, 2013:

Late Ashok Kapur’s family demands rights on the board as Indian partners of the bank

Jun 6, 2013:

Ashok Kapur’s widow Madhu Kapur, daughter Gogia and son Gaurav file a petition in the Bombay high court (HC), seeking the right to nominate directors to the board

Jun 11, 2013:

The Bombay HC directs Yes Bank to consider Gogia for the post of director on the board

Jun 17, 2015:

Bombay HC restores Madhu Kapur’s rights as co-promoter, directs both promoters to adhere to AoA

Sep 17, 2018:

RBI restricts Kapoor’s tenure to 31 Jan 2019, declining the board’s request to reappoint him for 3 more years

Sep 28, 2018:

Madhu Kapur writes to the board, suggests speeding up the process to find Kapoor’s successor

Oct 6, 2018:

The board appoints a panel to find Kapoor’s successor