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RBI cuts Yes Bank CEO Rana Kapoor's tenure; decision may worry other private lenders

Rana Kapoor, who co-founded the bank with Ashok Kapoor in 2004, established the private bank's credentials and led it to rise above expectations. Its shares have seen a 25-fold rise in the past 13 years and have generated compound annual growth return of around 28 per cent.

 
 
Out of the 10 appointments, 5 are from the country's biggest lender, State Bank of India.
In June this year, Yes Bank shareholders had approved Kapoor's re-appointment as the MD and CEO of the bank, subject to RBI's approval.
The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.
If the e-RD needs to be closed prematurely, then the money will be credited to the account that initially funded the deposit.
In the video, Mehul Choksi said that his passport was suspended due to reasons of security threat to India.
 
 
In FY 2012, the bank had, by allegedly flouting its own lending norms, extended a Rs 3,250 crore loan to the Videocon group, which has since turned dud for the bank.
Global brokerage Jefferies referred to Bank of Baroda as the base, Vijaya Bank the kicker and Dena Bank as 'bad bank'.
The merged entity or amalgamated bank would be India's third largest.
The controversy-hit lender has invited bids for the e-auction to be held through the bank's portal on September 20.
NuPower Renewables and NuPower Wind Farms are among the six companies whose books are being inspected by the ministry.
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