RBI refuses more time to Rana Kapoor, tells Yes Bank to appoint new chief by Feb 1
Mumbai, Oct 17 : The Reserve Bank has refused to give an extension to Yes Bank MD and CEO Rana Kapoor and asked the bank to appoint a new chief by February 1, 2019, the private lender said Wednesday.
The Yes Bank board had sought at least a three-month extension for Kapoor from the RBI beyond January 31, 2019.
"The Reserve Bank of India has reaffirmed that a successor to Shri Rana Kapoor, MD & CEO, YES Bank should be appointed by February 1, 2019," the lender said in a stock exchange filing.
The RBI had earlier curtailed the three-year term that the board had sought for Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement.
Yes Bank shares dropped 6.85 per cent to close at Rs 231.75 apiece on BSE.
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Iran warns of ‘uncontrollable consequences’ after energy site strike
Qatar warns residents of ‘Elavated’ threat
Tehran/Doha: Iran’s President Massoud Pezeshkian has warned that attacks on the country’s energy infrastructure could lead to “uncontrollable consequences” affecting the entire world.
In a post on X, Pezeshkian said he “strongly condemns” the strikes that targeted the South Pars gasfield earlier in the day.
“Such aggressive actions will not achieve anything for the American Zionist enemy and their supporters. Rather, they will complicate the situation and could lead to uncontrollable consequences that will affect the entire world,” he said.
Meanwhile, Qatar’s Ministry of Interior has urged residents to remain indoors due to what it described as an elevated security threat.
Authorities have not provided further details, but the advisory comes amid growing concerns over the safety of energy infrastructure and civilian areas in the region.
