Kapoor's term shouldn't be extended: Yes Bank Co-founder's widow
Yes Bank's decision to request RBI to extend CEO Rana Kapoor's tenure is not in the best interests of the lender, Co-founder Ashok Kapur's widow Madhu Kapur told the board. Kapur, the bank's second largest shareholder, suggested that the board expedite the process of finding a successor to Rana Kapoor. RBI has asked Kapoor to step down by January 31.