Yes Bank reappoints Rana Kapoor as CEO
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MUMBAI: Shareholders of Yes Bank on Tuesday approved the reappointment of Rana Kapoor as MD & CEO of the bank for a further period of three years effective September 1, 2018.
The reappointment was one of the thirteen resolutions approved by the shareholders and is subject to final approval by the RBI. The meeting saw the appointment of Subhash Chander Kalia as non-executive non-independent director,and Rentala Chandrashekhar and Pratima Sheory as independent directors for a period of five years.
The general body also approved a proposal to borrow or raise funds up to Rs 30,000 crore in Indian or foreign currency. To enable this, a special resolution was passed raising the total borrowing limit of the bank to Rs 1.1 lakh crore.
The AGM was attended by all nine directors on board and was chaired by Ashok Chawla, non-executive chairman of the bank.
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