Friday, Apr 26, 2024 | Last Update : 04:10 PM IST
Yes Bank chairman Ashok Chawla resigns
REUTERS
Published : Nov 15, 2018, 10:17 am IST
Updated : Nov 15, 2018, 10:17 am IST
The bank will name a new chairman near-term, subject to an approval from the Reserve Bank of India.
The RBI said last month that the retail bank should appoint a successor to Chief Executive Officer Rana Kapoor by Feb 1, 2019, after uncertainty around his succession plans.
Yes Bank said on Wednesday its non-executive independent chairman, Ashok Chawla, was resigning from the bank’s board, effective immediately.
The bank will name a new chairman near-term, subject to an approval from the Reserve Bank of India (RBI), the bank said in a statement.
The RBI said last month that the retail bank should appoint a successor to Chief Executive Officer Rana Kapoor by Feb 1, 2019, after uncertainty around his succession plans.
