Saturday, July 5, 2014

RBI yet to approve YES Bank board appointments

............It is learnt RBI's nod is still pending. While the reasons are not known, the central bank typically examines 'fit and proper' criteria before permitting board-level appointments in private sector banks. "An application to RBI has been made by the bank recently," a spokesperson of YES Bank told Business Standard in an e-mailed response. The spokesperson, however, did not respond on the reasons for the delay.......

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