Yes Bank shares nosedive 7% after RBI defers three-year term extension for Rana Kapoor as CEO

Yes Bank shareholders had voted in June to approve a three-year extension for the CEO, whose current term was set to end August 31. Kapoor, the richest banker in India after Uday Kotak, has helmed the bank since its inception in 2004.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PN5T2N