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Rana Kapoor reappointed as MD and CEO of Yes Bank for 3 more years

The company said that Kapoor's re-appointment is subject to final approval by the Reserve Bank of India (RBI)

IANS  |  Mumbai 

Rana Kapoor
Rana Kapoor, MD & CEO, Yes Bank . Photo: Suryakant Niwate

Private sector lender on Tuesday said that its shareholders have approved re-appointment of as the bank's and for a further period of three years, effective from September 1.

According to the bank, the general body of its shareholders have approved all 13 resolutions at the 14th (AGM) of the company held on Tuesday.

The company said that Kapoor's re-appointment is subject to final approval by the Reserve Bank of India (RBI).

"The shareholders have approved through special resolution to raise capital aggregating up to $1 billion by way of issue of shares," the company said in a statement.

"The shareholders also approved through special resolution the proposal to borrow/raise funds in Indian/foreign currency by issue of Debt Securities including but not limited to Non-Convertible Debentures, Medium Term Notes and Bonds up to a total amount of Rs 300 billion."

The company added that its shareholders also approved through special resolutions to raise the total borrowing limit of the bank to Rs 1,100 billion.

 

First Published: Tue, June 12 2018. 23:53 IST
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