Yes Bank shareholders have approved the re-appointment of Rana Kapoor as the bank\u2019s chief executive officer and managing director for a period of three years.<\/p>\n
\u201cThe shareholders supported the resolutions for re-appointment of 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 RBI,\u201d the bank said after the annual general meeting on Tuesday.<\/p>\n
The AGM also approved the appointment of Subhash Chander Kalia and Ajai Kumar as non-executive non-independent directors. Shareholders also cleared the appointment of Rentala Chandrashekhar and Pratima Sheorey as independent directors for five years. Additionally, the shareholders also approved a special resolution to raise capital aggregating up to $1 billion by way of issue of shares.<\/p>\n
Yes Bank\u2019s shareholders also approved, through a special resolution, the proposal to raise funds up to a total amount of Rs 30,000 crore in foreign or Indian currencies by issuing debt securities including non-convertible debentures, medium term notes and bonds. They also approved to raise the total borrowing limit of the bank to Rs 1,10,000 crore. Among other resolutions, the shareholders also approved a dividend payout at a rate of Rs 2.7 per equity share of Rs 2 each.<\/p>\n","protected":false},"excerpt":{"rendered":"
Yes Bank shareholders have approved the re-appointment of Rana Kapoor as the bank\u2019s chief executive officer and managing director for a period of three years. \u201cThe shareholders supported the resolutions for re-appointment of Rana Kapoor as MD & CEO of the bank for a further period of 3 years, effective September 1, 2018, with an […]<\/p>\n","protected":false},"author":1,"featured_media":34107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-34106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/34106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=34106"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/34106\/revisions"}],"predecessor-version":[{"id":34108,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/34106\/revisions\/34108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/34107"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=34106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=34106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=34106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}