Mumbai Aug 30 (IANS) Private sector lender Yes Bank on Thursday said that the Reserve Bank of India (RBI) has approved the re-appointment of Rana Kapoor as the bank s MD and CEO.
"YES Bank has received the RBI approval that Rana Kapoor may continue as the MD and CEO of the bank till further notice from the RBI " the company said in a statement.
On June 12 the bank s shareholders had approved Kapoor s re-appointment for three more years effective from September 1.
Kapoor s re-appointment was subject to RBI approval.

--IANS rv/tsb