 "Photo: Dalip Kumar")
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 the compensation of whole-time directors,
