News: Rana Kapoor gets an extension as Yes Bank CEO till further notice from RBI

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Rana Kapoor gets an extension as Yes Bank CEO till further notice from RBI

This development comes on August 30th, just a day before his current term was coming to an end.
 Rana Kapoor gets an extension as Yes Bank CEO till further notice from RBI

The Reserve Bank of India has extended the term of Yes Bank CEO & MD Rana Kapoor till further notice.  This development comes on August 30th, just a day before his current term was coming to an end. 

In a Bombay Stock Exchange filing, Yes Bank said, “We wish to inform you that the Bank has received the RBI' s approval that Shri Rana Kapoor may continue as Managing Director & CEO of YES Bank till further notice from RBI.”

Kapoor has been the founder and CEO of the Bank since 2003 and according to a media report, In June 2018 the shareholders had approved an extension of another three-year term for him. 

Rana Kapoor is has been a professional entrepreneur since 1998. He has progressively established YES BANK since launch in 2003. Prior to establishing Yes Bank, Rana Kapoor was CEO & Managing Director, and main Managing Partner of Rabo India Finance (RIF) Pvt. Ltd. (a corporate finance and investment banking organization). 

Prior to starting Rabo India, he was the General Manager & Country Head: ANZ Grindlays’ Investment Bank (ANZIB, from 1996-98). He spent 15 years at Bank of America (1980-1995), where he last headed the Bank’s Wholesale Banking businesses and held several positions of increasing responsibility, including assignments in Asian countries. 

 

 

 

 

Image source :Hum Hindustani

Topics: Appointments, C-Suite

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