Money & Banking

YES Bank re-appoints Rana Kapoor as MD & CEO for 3 years

Our Bureau Mumbai | Updated on June 13, 2018 Published on June 13, 2018

Rana Kapoor, Managing Director & CEO, YES Bank.

Private sector lender YES Bank has re-appointed Rana Kapoor as MD & CEO of the bank for a period of three years. The decision was taken at the 14th annual general geeting of the shareholders of the bank.

"The re-appointment will be effective for a period of three years from September 1, 2018 subject to final approval by the Reserve Bank of India (RBI)," the bank said in a release.

The AGM also approved the appointment of Subhash Chander Kalia as Non-Executive Non-Independent Director. It also approved the re-appointment of Ajai Kumar as Non-Executive Non-Independent Director.

The AGM also cleared the appointment of Rentala Chandrashekhar and Pratima Sheorey as Independent Directors for a period of five years. Additionally, the shareholders have also approved through a special resolution to raise capital aggregating up to $1 billion by way of issue of shares (QIP/ADR/GDR/FCCB).

Published on June 13, 2018

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