You are here: Home » Finance » News » Banks
Business Standard

All you need to know about YES Bank-RBI tussle over Rana Kapoor's extention

RBI cuts short Kapoor's term till January 31, 2019

Reuters 

Yes Bank Ltd, India's fifth largest private-sector lender by assets, has had a tumultuous couple of months since the country's central bank trimmed extension to its chief executive officer's (CEO's) term in September. The move by the Reserve Bank of India (RBI), which has already clamped down on the financial sector due to rising levels of bad loans, has hit Yes Bank's share price hard and also spurred several departures in the company's top brass. The developments since Sept. 19 have wiped off over 290 billion rupees ($4.06 billion) from the company's ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, November 21 2018. 10:42 IST
RECOMMENDED FOR YOU