AGM controversy may drag YES Bank

The stock of YES Bank may come under pressure as tempers ran high at the annual general meeting on Saturday on the resolution relating to the appointment of three whole-time directors. A group led by Madhu Kapur, one of the largest shareholders with 12 per cent stake, forced a vote over the appointment of Ravish Chopra, Diwan Arun Nanda and M.R. Srinivasan as whole-time directors. YES Bank will declare the result of the votes on the resolution on Monday. Madhu Kapur, widow of late Ashok Kapur, co-founder of the bank, and a few other shareholders had called for a vote on the issue after Madhu said they were not consulted on the appointment.