YES Bank board to meet today after RBI directive on Rana Kapoor's tenure

The board of directors of Yes Bank will meet on Tuesday to decide the future course of action after the RBI curtailed the term of its founding Chief Executive Officer (CEO) Rana Kapoor and asked the bank to look for a replacement by January 2019.

Kapoor, who has been managing director and CEO since the bank’s inception in 2004, had sought a three-year extension till August 31, 2021.

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