Unusual acts of omission

Two recent developments raise questions about the Reserve Bank of India’s (RBI’s) consistency in the governance of private banks. The first is the central bank’s tardy move to approve the reappointment of Rana Kapoor as managing director (MD) and chief executive officer (CEO) of YES Bank. The central bank’s silence till August 30, which was a day before Mr Kapoor’s three-year term expired, saw the bank’s stock price plunge. The uncertainty was needless as the bank’s board had approved his reappointment in June and the banking regulator had ample time t.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.

Most Read

Top Stories

Markets

Companies

Opinion

Latest News

Todays Paper

News you can use

Outbrain