News: 3 YES Bank directors not 'fit and proper': Kapur family

#Updates

3 YES Bank directors not 'fit and proper': Kapur family

The Madhu Kapur family has questioned the appointment of Diwan Arun Nanda, M R Srinivasan and Ravish Chopra as directors on the YES Bank board, saying they do not meet the ‘fit and proper’ guidelines of the Reserve Bank of India, Business Standard reported.

The Madhu Kapur family has questioned the appointment of Diwan Arun Nanda, M R Srinivasan and Ravish Chopra as directors on the YES Bank board, saying they do not meet the ‘fit and proper’ guidelines of the Reserve Bank of India, Business Standard reported.

However, the Bombay High Court deferred the hearing on the petition, as the bank's lawyers opposed the amendments made by Kapur to her petition, saying they disclose a different 'cause of action', which is not a part of the petition. Following this, the court postponed hearing to July 15.

Read the full report here

Topics: #Updates, #Corporate, C-Suite

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