Yes Bank recalls Rs 1.44 crore bonuses paid to Rana Kapoor, says report
Updated : May 17, 2019 10:39 AM IST
Apart from asking Kapoor to step down from the chief position, the central bank had also suggested a clawback of bonus paid to him.
While the RBI did not cite any particular reason for refusing Rana Kapoor another term in the bank, it is perceived that a divergence in bad loan reporting and a weak compliance culture at the bank would be the reason.
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