INSUBCONTINENT EXCLUSIVE:
into non-performing assets (NPAs)
currency bank deposit ratings, medium-term note issuer rating under review for a possible downgrade
Meanwhile, Mukesh Sabharwal, chairman of the nomination and remuneration committee of the bank, quit on Tuesday citing personal reasons
Former interim CEO Ajai Kumar had quit on Monday, also on personal grounds
board into a tizzy, forcing the resignation of a second independent director in two days, ET reported.
Rana Kapoor had sent two letters in
early May seeking re-induction on the board as well as crores of rupees in compensation for lost remuneration
Many board members found this demand unreasonable, the report added.
Shares of YES Bank traded 2.55 per cent down at Rs 135.75 on BSE at