Kapoor drew a salary of Rs 6.48 crore for the ten months he served as MD and CEO before his tenure ended in January 2019

Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank.

The appointment, which is for a period of two years or till further orders, is in line with the banking regulator's increased scrutiny of private banks in recent times

The marginal cost of funds-based lending rate (MCLR) for one-year loan has been reduced to 8.60 per cent from 8.65 per cent effective May 14

 Indian equity market extended losses for the seventh consecutive session on Thursday led by decline in Power, Pharma, Energy indices. Escalated trade tensions between China and the US also prompted investors to remain cautious throughout the trading session.

CG Power, Reliance Communications, Rashtriya Chemicals and Fertilizers, INOX Leisure and Jet Airways were the top Sensex gainers. Top Sensex losers were Cox & Kings, Vodafone Idea, Indiabulls Real Estate, Westlife and Zee Ent.

The entry of a dozen small finance banks is changing the lending landscape with technology and innovative products.

The RBI Tuesday removed the three banks from its prompt corrective action (PCA) framework.

Private sector Dhanlaxmi Bank too has been taken out of the Prompt Corrective Action (PCA) Framework.

PNB Housing Finance was trading 0.89% lower, Indiabulls Housing Finance dipped 2.32%, Dewan Housing Finance rose 2.86%, Mahindra & Mahindra Financial Services fell by 0.74 per cent, Ujjivan Financial Services declined 0.22 per cent and Shriram Transport Finance softened by 0.85% on the BSE.