Yes Bank Ltd Sell Below 214 Target 192—184 Neal Bhai Reports
Yes Bank Ltd. Chairman Ashok Chawla has resigned with immediate effect, said the bank in a statement to stock exchanges.
Chawla had been non-executive, independent, part-time chairman of the bank since Oct. 30, 2016. He has been on the board of the bank since March 2016.
In its statement, the bank said that Chawla was stepping down as the bank would need a chairman who can devote more time to the lender during the upcoming management transition.
Rana Kapoor, chief executive officer of the bank, is set to step down by the end of January after the RBI declined him a third term.