Full committed to bank-stakeholders interests

Rana Kapoor, managing director and chief executive officer of YES BANK, said he will remain “fully committed to the interests of the Bank and all its stakeholders” and keep the bank shares as “diamonds”.

“I will be fully guided by the Board of Directors of YES BANK and the Reserve Bank of India,” said Kapoor who is to step down from his present MD and CEO positions afer 31 January 2019.

Kapoor has reiterated on the twitter his decision of not selling his promoter shares in YES BANK.

Kapoor gave an update on his position in the current leadership transition at YESBANK.

“I will eventually bequeath my YESBANK Promoter shares to my 3 daughters and subsequently to their children, with a request in my Will stating not to sell a single share, as Diamonds are Forever!!”

“Diamonds are Forever: My Promoter shares of @YESBANK are invaluable to me,” he stressed, underlining “Even after I demit office as MD & CEO of YES BANK, I will never ever sell my YESBANK shares.”

The Reserve Bank of India has given Kapoor, the founder of YES BANK, till end of 31 January 2019 to appoint a new chief executive at the bank.

The bank board said it will first seek an extension for Kapoor till 30 April for finalization of financial statements for the year to 31 March, and thereafter a further extension till 30 September for completing the annual general meeting process. fiinews.com