........The counsel said RBI, in a reply to Rana Kapoor, managing director and chief executive officer of YES Bank, in January 2013, had said the regulator would agree to change Kapur's promoter status if two conditions were met. The first condition was that Kapur's shareholding should be brought down to less than five per cent before March 31, 2014; and Kapoor should also bring down his shareholding to less than 10 per cent in the same time period. However...........
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