Mumbai: If the Bombay high court allows the Madhu Kapur group to challenge the appointment of directors on the Yes Bank Ltd board, “it will cut into the powers of the Reserve Bank of India (RBI)”, the lender said on Thursday. “RBI does not say it will decide (on appointment of new directors). It gives the powers to the board to decide. Once the board decides, unless you say that the board is bad and has to be replaced...(you cannot change)..............
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