Equal rights sticking point in YES Bank promoters' talks to end conflict

If the peace proposal goes through, the two promoter groups will jointly recommend the successor to Rana Kapoor

The two promoter groups of private lender YES Bank are in talks to end their long-drawn conflict, and draft consent terms are being discussed but a deal is still some time away. The sticking point still seems to be ensuring equal rights and representation, said sources in know of the development.

“The discussions are a work in progress and both parties have put forth their wish lists. The articles (of association) state equal rights and our wish is simply that those be upheld,” said a source close to co-promoter Madhu Kapur. Sources close to rival co-promoter and MD and CEO