Overhaul of Yes Bank board likely, R Chandrashekhar may resign shortly: Sources

Yes Bank, currently looking for a successor to its long-term CEO Rana Kapoor, is looking to overhaul its leadership structure, sources told Moneycontrol.

The bank's Nomination & Remuneration Committee is reviewing the performance of board members.

The new board members will be acceptable to both promoter camps, sources said.

Sources also said that R Chandrashekhar may also resign shortly from Yes Bank Board.

Yes Bank said it won't comment on reports of Chandrashekhar resigning from the board.

This would be the third resignation after Ashok Chawla, Vasant Gujarathi resigned last week.

Both promoter camps are in favour of overhauling the board to weed out underperforming members and address past governance issues.