Tuesday, July 9, 2013

Three YES Bank directors not 'fit and proper', says Madhu Kapur family

..............In rejoinders and draft amendments to their petition filed with the Bombay High Court today, the Kapur family has said "defendant numbers 7 (Nanda) and 9 (Srinivasan) do not meet the fit and proper requirement of age criteria of 35 to 65 years, as prescribed by the RBI circulars being relied upon...Both defendant numbers 7 and 9 as per the AGM (annual general meeting) notice are 69 years old."............

Read | Business Standard

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