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Yes Bank will update its AoA

Yes Bank will update its Articles of Association for the purpose of defining the rights of its shareholders more clearly as well as to bring them in line with the latest banking regulations and the focus would be on institutionalizing its board further, said the Yes Bank MD Rana Kapoor.

On the recent High Court ruling that had termed as invalid seven director appointments in the past, Rana Kapoor said that order would not affect the bank’s operations because some directors were re-elected by the shareholders immediately.

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