Yes Bank shares rise after company says CEO selection process on track

Reuter

Plans are afoot to create a single level of information for YES Bank’s promoters

Shares of Yes Bank has risen as much as 3.3 per cent to ₹ 198.5 on Wednesday.

Private-sector lender said late on Tuesday recent resignations bear no impact on the new MD & CEO selection process; and added that the selection process is on track

The company appointed Uttam Prakash Agarwal on its board as additional director. The company had also reassured that efforts are underway for mutual resolution with co-promoter Madhu Kapur & family

The compay board would meet on December 13 to evaluate new chairman, review progress of selection of CEO candidates, among other things

More than 8.3 million shares traded against 30-day average of about 47 mln

Published on November 21, 2018

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