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Over 100 people in Yes Bank's 'top management' may lose ESOPs, bonuses

The first-of-its-kind move will mark the activation of RBI's ironclad November 4, 2019 guidelines on the compensation

Raghu Mohan  |  Mumbai 

The Reserve Bank of India (RBI) is considering clawing back the employee stock options and bonuses issued to the entire top management of YES Bank to date.

A closer look at how the beleaguered bank went about classifying its “top management” is also on the cards, given that there are more than 100 people in this category — several times the number in much larger private banks — and the sharp fluctuations in the same over the years. The first-of-its-kind move will mark the activation of the banking regulator’s ironclad November 4, 2019 guidelines on ...

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First Published: Thu, March 12 2020. 01:26 IST
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