RBI defers 3-year extension for Yes Bank CEO, shares fall 7%
Yes Bank shares fell up to 7% on Friday after the RBI deferred approving another three-year term for Managing Director and CEO Rana Kapoor. The central bank, however, allowed Kapoor to head the bank until "further notice". Yes Bank shareholders had in June approved a three-year extension for the CEO, whose current term was set to end on August 31.n