Private sector lender YES Bank has re-appointed Rana Kapoor as MD & CEO of the bank for a period of three years. The decision was taken at the 14th annual general geeting of the shareholders of the bank.
"The re-appointment will be effective for a period of three years from September 1, 2018 subject to final approval by the Reserve Bank of India (RBI)," the bank said in a release.
The AGM also approved the appointment of Subhash Chander Kalia as Non-Executive Non-Independent Director. It also approved the re-appointment of Ajai Kumar as Non-Executive Non-Independent Director.
The AGM also cleared the appointment of Rentala Chandrashekhar and Pratima Sheorey as Independent Directors for a period of five years. Additionally, the shareholders have also approved through a special resolution to raise capital aggregating up to $1 billion by way of issue of shares (QIP/ADR/GDR/FCCB).