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Shares of YES Bank collapsed 34 per cent in the early trade on Friday after the RBI curtailed the term of lender's founding CEO Rana Kapoor and asked the bank to look for his replacement by January 2019.
The private sector lender said on Wednesday that the Reserve Bank of India (RBI) had allowed Kapoor to continue only till January 31. “The board of directors of the bank is scheduled to meet on September 25 to decide on the course of action,” YES Bank said in a filing to the stock exchanges.
According to sources, the RBI has cited corporate
