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YES Bank Managing Director and CEO Rana Kapoor on Friday underlined his commitment to the bank and its stakeholders.
“In this leadership transition at YES Bank, I continue to remain fully committed to the interests of the bank and all its stakeholders. I will be fully guided by the board of directors of YES Bank and the Reserve Bank of India,” he said in a series of tweets.
‘Shares invaluable’
He further stressed that even after demitting office, he will not sell his shares in the private sector lender as his promoter shares are invaluable to him
“I will eventually bequeath my Yes Bank Promoter shares to my three daughters and subsequently to their children, with a request in my Will stating not to sell a single share, as Diamonds are Forever,” he said.
Earlier this month, the RBI had trimmed Kapoor’s term as the CEO and MD of YES Bank and has asked him to step down after January 31, 2019.
The board at a meeting on September 25 decided to set up a search and selection committee to appoint a successor to Kapoor and request the RBI to consider an extension for Kapoor.
On Friday, Yes Bank shares fell 9.72 per cent and were trading at Rs 183.45 apiece on the Bombay Stock Exchange.
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