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Business News›ET NOW›Daily›No extension for Rana Kapoor: RBI allows Yes Bank MD, CEO till January-end
No extension for Rana Kapoor: RBI allows Yes Bank MD, CEO till January-end
The Reserve Bank has allowed Rana Kapoor to continue as Yes Bank MD and CEO till January 31, 2019, the bank said Wednesday in a regulatory filing. In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the Reserve Bank of India. His present term ended on August 31. However, the RBI had allowed him to continue till further notice.
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