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Icra terminates employment of MD and CEO Naresh Takkar

Friday, August 30, 2019, 12:52 PM

Ratings agency ICRA, has announced that the employment of its Managing Director and Group CEO Naresh Takkar has been terminated, effective immediately. According to a release filed with the exchanges, the company's board of directors also stated that they will commence a search for a replacement. No reason was mentioned for the termination of Takkar's employment.
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Yes Bank shares slump, recover after rating downgrades

Thursday, November 29, 2018, 8:19 PM

Shares of Yes Bank Ltd plunged to their lowest in over two-years after credit rating agencies ICRA Ltd and CARE Ratings Ltd downgraded the lender's debt instruments. India's fifth-largest private-sector lender by assets has had a-tumultuous-couple of months, with its stock nearly halving in value this year and a number-of-departures from its board, since the RBI cut short chief-executive-officer Rana Kapoor's term in September.