Year of reckoning for India Inc: YES Bank saw 4 board-level exits in 2018

There is still no clarity on the timeline for peace between the two groups

Private lender Yes Bank saw a stormy year starting with the Reserve Bank of India (RBI) cutting short Rana Kapoor’s three-year term in September. He will be in office till January 31,2019. The bank’s request for extending Kapoor’s term till April 2019 was turned down by the RBI in October. The bank has seen four board-level exits in the past few months. R Chandrashekhar resigned due to discontent over the bank’s internal processes, contradicting the bank’s statement that Chandrashekhar left for ‘personal reasons’. Former State Bank of India chairman O P Bhatt resigned from YES Bank’s search committee citing ‘conflict