Everyone and their Uncle knew that Yes Bank was perched atop a cliff, ready to fall. When you are growing 6x the industry average, it’s a red flag if a Rana Kapoor is at the helm. The irony is that on the board was an RBI representative and a former
The Reserve Bank of India (RBI) has bared its teeth again. Its axe fell on the captain of Yes Bank.
As a watchdog of Indian banking system, the RBI has asked Rana Kapoor, Managing Director and Chief Executive Officer (MD&CEO) of Yes Bank to step down effective 31 January 2019. The