Rana Kapoor leaves Yes Bank; Ajai Kumar appointed interim MD, CEO

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Rana Kapoor's reign as the managing director and chief executive of Yes Bank, which was co-founded by him, finally ended Thursday. The Reserve Bank had last September asked him to leave office by January 31 following which the board unsuccessfully sought an extension till September 2019 RPT 2019. The midsized private sector lender Thursday appointed its non-executive director Ajai Kumar who had led state-run Syndicate Bank in the past, as his interim successor for a month till Ravneet Singh Gill from Deutsche Bank India takes over from March 1..

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  • Watch Rana Kapoor leaves Yes Bank; Ajai Kumar appointed interim MD, CEO Video
    Rana Kapoor leaves Yes Bank; Ajai Kumar appointed interim MD, CEO

    Rana Kapoor's reign as the managing director and chief executive of Yes Bank, which was co-founded by him, finally ended Thursday. The Reserve Bank had last September asked him to leave office by January 31 following which the board unsuccessfully sought an extension till September 2019 RPT 2019. The midsized private sector lender Thursday appointed its non-executive director Ajai Kumar who had led state-run Syndicate Bank in the past, as his interim successor for a month till Ravneet Singh Gill from Deutsche Bank India takes over from March 1.

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  • Watch Yes Bank CEO: Ravneet Gill joins race to succeed Rana Kapoor Video
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    Ravneet Gill, CEO of Deutsche Bank’s India operations, has joined the race to succeed Rana Kapoor as the private lender’s next chief executive, ET Now reported quoting sources. YES Bank has time till February 1 to announce a successor to Kapoor, whose term ends on January 31. Following the report, the scrip jumped 7.64 per cent to hit a high of Rs 198.

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    About the Video
    All existing shareholders of Yes Bank have been barred from selling more than 25 of their current holding for 3 years, according to the YES Bank Reconstruction Plan approved by Government on March 13, 2020. Only retail shareholders holding up to 100 shares can sell their entire holding.

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    Yes bank's big blow to customers, RBI bans withdrawal of more than 50,000 thousand rupees, customers upset

    अगर आप Yes Bank के customer हैं तो आपके लिए एक बुरी खबर है. दरअसल, RBIने बैंक के customersके लिए 50 हजार रुपये निकासी की सीमा तय की है.. अगर आसान भाषा में समझें तो Yes Bank के ग्राहक 1 महीने तक सिर्फ 50 हजार रुपये ही अपने खाते से निकाल सकेंगे । RBI का ये आदेश अगले एक महीने के लिए है ।

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    About This Video
    आपको बता दे कि हाल ही में फर्स्ट रिपब्लिक बैंक के शेयरो में 60% तक की भारी गिरवाट देखने को मिली है... जिसके चलते इस बैंक को बचाने के लिए यू.एस. बैंकिंग सेक्टर ने भारत के यस बैंक जैसा फ़ॉर्मूला अपनया है | Navtej TV

    Let us tell you that recently the shares of First Republic Bank have seen a huge fall of up to 60%... due to which the U.S. government has decided to save this bank. The banking sector has adopted a formula similar to India's Yes Bank.

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