The RBI has asked Rana Kapoor to step down from Managing Director and CEO of uline{1cm}, after a term extension up to January 31, 2019.

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The RBI has asked Rana Kapoor to step down from Managing Director and CEO of _________, after a term extension up to January 31, 2019.

A	Yes Bank
B	ICICI Bank
C	IDBI Bank
D	Dena Bank

Explanation:

Detailed explanation-1: -Private sector lender Yes Bank Ltd. has disclosed that its chief executive and managing director Rana Kapoor has been asked to step down after a term extension up to Jan. 31, 2019, as per a letter received from the Reserve Bank of India.

Detailed explanation-2: -Veteran banker Prashant Kumar has been appointed the Managing Director & Chief Executive Officer of Yes Bank for a period of three years.

Detailed explanation-3: -In September 2018, Yes Bank announced that they had ordered Kapoor to step down from his CEO position in January 2019.

Detailed explanation-4: -The Reserve Bank of India (RBI) on Tuesday said managing directors (MDs) and chief executive officers (CEOs) of asset reconstruction companies (ARCs) cannot have more than three terms in office, with each term not exceeding five years.

Detailed explanation-5: -Actions taken by the Reserve Bank of India against Yes Bank The bank’s financial position was inadequate to raise the capital. Also, there was a lapse in corporate governance at the bank. This Moratorium was a temporary suspension on authorities of lenders.

There is 1 question to complete.