Yes Bank's shareholders re-appoint Rana Kapoor as MD and CEO

Wednesday, 13 June 2018, 04:06 Hrs
34
cmt right
27
Comment Right
60
cmt right
10
cmt right
Printer Print Email Email




Private sector lender Yes Bank on Tuesday said that its shareholders have approved re-appointment of Rana Kapoor as the bank's MD and CEO for a further period of three years, effective from September 1.

According to the bank, the general body of its shareholders have approved all 13 resolutions at the 14th Annual General Meeting (AGM) of the company held on Tuesday. 

The company said that Kapoor's re-appointment is subject to final approval by the Reserve Bank of India (RBI).

"The shareholders have approved through special resolution to raise capital aggregating up to $1 billion by way of issue of shares," the company said in a statement.

"The shareholders also approved through special resolution the proposal to borrow/raise funds in Indian/foreign currency by issue of Debt Securities including but not limited to Non-Convertible Debentures, Medium Term Notes and Bonds up to a total amount of Rs 30,000 crore."

The company added that its shareholders also approved through special resolutions to raise the total borrowing limit of the bank to Rs 110,000 crore.



Read more news:

Microsoft working on new Cloud gaming service



Source: IANS
SPOTLIGHT
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..