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RBI ends nominee director's tenure in Dhanlaxmi Bank board 5 months before term

Madhavan's exit before the set tenure appears to be in line of the RBI's increased scrutiny of CEOs in the private banks and board members.

 
 
It may appear that SBI is coming to bailout the NBFCs, but it can be a win-win situation for both and will also help SBI to improve its retail portfolio.
The Yes Bank board would take a final decision on Rana Kapoor's successor by December 15.
P S Jayakumar, an ex-citibanker turned entrepreneur, had joined Bank of Baroda in October, 2015. Jayakumar is a chartered accountant by qualification.
He will succeed B Sriram, who retired on September 30 after holding the office for three months.
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