Candidates to Replace Rana Kapoor Are Selected

With Kapoor set to exit, the bank needs to finalise a new chief executive by January 31, when Kapoor’s term ends. Before that, the ‘Indian Partners’ of the bank, which includes the family of late Ashok Kapur, will also need to come to an agreement as nomination rights rest jointly with the two families.

Yes Bank’s Shares Gained 3 Percent

Yes bank shares gained 3 percent in morning on Friday after a media report suggested that Brahm Dutt could be a part-time Non-executive chairman of the lender.