Yadav, who led the side in the absence of experienced Zaheer Khan and Rohit Sharma, had a decent show with the bat as has scored 485 runs at an average of 53.88 but Mumbai are placed sixth out of nine teams in Group A with 11 points from six games.
Mumbai Cricket Association (MCA) Joint Secretary Nitin Dalal said Yadav was not happy due to team's poor performance so Aditya Tare will be the new captain of the side.
Mumbai have have managed to win only one match this season, against Uttar Pradesh. They also lost to promoted side Jammu & Kashmir at home.
Mumbai have two games left, against Baroda and defending champions Karnataka.
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