.......Yes Bank is seeking opinion from the market regulator on whether it should retain Madhu Kapur among the ‘promoter category’ in the shareholder filings since she was not the founder, though the legal heir of the co-founder Ashok Kapur. The move may be part of the bank’s view that Kapur though a substantial shareholder does not inherit the rights provided to her late husband when the bank was founded, said a person familiar with the development. “To ensure compliance with law, the bank is in the process of seeking regulatory clarifications on the matter from the authorities concerned,’’ said a Yes Bank spokesman.........
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