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Another Yes Bank director, Mukesh Sabharwal, quits

Tuesday, June 11, 2019, 3:17 PM

Yes Bank's independent director Mukesh Sabharwal is said to have quit the board of directors, making it the second board-level exit in as many days leading to uncertainty ahead of its shareholders meet on Wednesday, said the source. Sabharwal, a former defence personnel, is supposed to have cited personal reasons for resigning from the board. He has been on the board since since April-2012.
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PM Modi's big win signals strong Indian GDP growth will continue

Thursday, May 23, 2019, 8:09 PM

Steller performance of PM Modi's BJP with another large-parliamentary majority will see continuity of macroeconomic-policy in the next five-years but the key-economic-challenge now is to continue reforms, brokerages and economists said. The BJP still does not have a majority in Upper House of Parliament, Rajya Sabha, and this will pose hurdles to party's legislative reform agenda, IHS Markit said in note on election verdict.
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Yes Bank recalls bonus to former MD Rana Kapoor

Friday, May 17, 2019, 11:48 AM

Yes Bank has clawed back a total of Rs.1.44-crore performance bonus paid to former MD Rana Kapoor after a recommendation of the bank's board. The bonus was paid for the fiscal year ending March 2015-2016 and has been fully recalled the bank said. Kapoor's term was cut-short by RBI in October last year after the regulator expressed unhappiness over the bank's high NPA divergence.

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