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Yes Bank News

Yes Bank shares jump over 30 per cent

Following the sharp jump in the share price, Yes Bank’s market cap rose by over Rs 12,000 crore to Rs 51,114 crore.

Yes Bank: Both promoter groups agree to have one member each on board

Earlier on November 20, 2018, the bank had stated that efforts were being undertaken for mutual resolution and truce between Rana Kapoor Group and Madhu Kapur and family, the two co-promoter groups of the bank.

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Ravneet Gill to take over as Yes Bank MD-CEO

The board has scheduled a special meeting on January 29 to finalise on the delegation of powers for transition management in the interim period commencing from February 1, 2019 until Ravneet Gill assumes office.

Yes Bank picks Deutsche India's Ravneet Singh Gill as Rana Kapoor successor

Following the RBI refusal to extend Kapoor's term, the bank had appointed a committee under former Irdai chairman TS Vijayan to look for a successor to Kapoor.

Ashok Chawla resigns as Yes Bank chairman

The bank further said it would announce the appointment of a new chairman in "due course" post RBI's approval.

Yes Bank’s Chief Executive Officer to be appointed by February 1

As communicated by the bank on September 24, 2018, the MD & CEO will be fully guided by its board of directors, the Reserve Bank of India and other relevant stakeholders, the bank said in a stock exchange filing.

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RBI refuses more time to Yes Bank MD Rana Kapoor, tells bank to appoint new chief by February 1

The RBI had earlier curtailed the three-year term that the board had sought for Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement.

Yes Bank promoter families look to settle differences: sources

The tussle is between the families of Yes Bank founders -- Rana Kapoor and Ashok Kapur. After the death of Kapur, his wife Madhu Kapur wanted her daughter Shagun Kapur Gogia to be nominated on the bank's board but the proposal was rejected, following which the matter reached the Bombay High Court.

Fully geared up for succession plan, says Yes Bank

The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement.

Yes Bank shares continue to tumble, drop nearly 10%

The stock was the worst hit among the blue-chips on both the key indices during morning trade.

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