Yes Bank has received shareholders approval for the re-appointment of Rana Kapoor, as the bank’s CEO and MD for a period of three years.

The bank stated, “The shareholders supported the resolutions for re-appointment of Mr.Rana Kapoor as MD & CEO of the Bank for a further period of 3 years, effective September 1, 2018, with an overwhelming majority. The re-appointment is subject to final approval by the Reserve Bank of India (RBI).”

Furthermore, shareholders have also given approval to issue dividend of Rs.2.7 per equity share of Rs.2 each, as recommended by the bank’s board.

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