Yes Bank board to meet on December 13, look to replace board members

Experts say The bank's outlook and governance record has been marred after the resignation of three board members over the last two weeks

Yes Bank has announced that its Board of Directors will meet on December 13, to discuss the induction of a successor to its chief executive and the appointment of a Chairman and independent directors, among other issues. Yes Bank is currently searching for someone to replace Rana Kapoor, managing director and chief executive officer of the bank, after the Reserve Bank of India (RBI) did not grant an extension to his current term beyond January 2019. 

The bank's outlook and governance record has been marred, say experts, after the resignation of three board members over the last two weeks. 

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