Appointment of RBI director to Yes Bank board may be precautionary: Macquarie

RBI move, it said, could be cautious and pre-emptive here. Also, the problems in Dhanlaxmi and LVB were far more serious; and RBI, in our view, appointed directors a bit late, whereas in Yes Bank they want their director to be on the board before the situation goes out of control.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2QhzD8J