RBI Okays Rana Kapoor’s Reap­point­ment at Yes Bank

The Economic Times - - Money & Banking -

The Re­seve Bank of In­dia has reap­pointed Rana Kapoor, co -pro­moter of Yes Bank, as man­ag­ing di­rec­tor and chief ex­ec­u­tive of­fi­cer for a year. “The mem­bers of the bank take on record the ap­proval ac­corded by the Re­serve Bank of In­dia, and ap­prove the ap­point­ment of Mr Rana Kapoor as the man­ag­ing di­rec­tor and chief ex­ec­u­tive of­fi­cer of the bank for a pe­riod of up to Au­gust 31, 2015,” said a res­o­lu­tion sent in a let­ter to the share­hold­ers for the tenth an­nual gen­eral meet­ing. For Kapoor and the bank, it must be a re­lief that the reg­u­la­tor has ap­proved the pro­posal de­spite Madhu Ka­pur, the sec­ond largest pro­moter of the bank, re­quest­ing the reg­u­la­tor not to okay such a plan.

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