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April 24, 2018
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YES Bank board to consider fresh term for Rana KapoorThe board also is likely to discuss fund-raising options

The board of Yes Bank will meet on April 26 to consider the re-appointment of Rana Kapoor as managing director and chief executive officer for a three-year term starting September 1.

The proposal will, however, be subject to the approval of the Reserve Bank of India.

The bank said its board would also consider raising funds in the form of preferential issue, qualified institutional placement or others.

The board would also consider raising debt in Indian and foreign currency.

Private lenders have been in the news for quite sometime now. The controversy surrounding loan to the Videocon group has put the CEO and MD of ICICI Bank under considerable spotlight. The extension given to the MD and CEO of Axis Bank, Shikha Sharma, has also kicked up a row with the Reserve Bank of India questioning one more term for Ms. Sharma. It is, however, a different matter that the board has pruned the tenure of the extended term to Ms Sharma following request from her.