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RBI refuses more time to Rana Kapoor, tells Yes Bank to appoint new chief by February 1

Updated : October 18, 2018 06:21 AM IST

The Yes Bank board had sought at least a three-month extension for Kapoor from the RBI beyond January 31, 2019.
The RBI had earlier curtailed the three-year term that the board had sought for Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement.
RBI refuses more time to Rana Kapoor, tells Yes Bank to appoint new chief by February 1
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