Six reasons why the RBI superseded the board of Yes Bank - Photos-1
Business Today
Loading...

Six reasons why the RBI superseded the board of Yes Bank

In a rare case of Reserve Bank of India superseding the board of a commercial bank in recent history, the central bank has moved in to take charge of new generation private bank Yes Bank. Interestingly, the bank was set up by top-notch professionals. The last such move by the RBI to give a banking license to professional was when it gave a license to Global Trust Bank, which was eventually merged with Oriental Bank of Commerce over the bad governance issues.
Here are six reasons why the RBI superseded the board of Yes Bank.

ADVERTISEMENT