BusinessYes Bank Finalises Candidates To Replace Rana Kapoor As CEO
ADVERTISEMENT
Yes Bank Finalises Candidates To Replace Rana Kapoor As CEO
Yes Bank did not disclose names of potential successors to Rana Kapoor
Lender to seek approval from RBI for appointment of chief executive
Central bank had asked lender to find new CEO by February 1
Yes Bank was asked by the central bank to find a new CEO by February 1
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.