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Yes Bank chairman Ashok Chawla resigns

Yes Bank chairman Ashok Chawla resigns
Highlights

Yes Bank said on Wednesday its nonexecutive independent chairman, Ashok Chawla, was resigning from the banks board, effective immediately

Yes Bank said on Wednesday its non-executive independent chairman, Ashok Chawla, was resigning from the bank’s board, effective immediately.

The bank will name a new chairman near-term, subject to an approval from the Reserve Bank of India (RBI), the bank said in a statement.

The RBI said last month that the retail bank should appoint a successor to Chief Executive Officer Rana Kapoor by Feb 1, 2019, after uncertainty around his succession plans.

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