News Report

Recently Yes Bank was in the news for all the wrong reasons. With the shares of Yes Bank seeing a sharp decline of 40% on 21st September as RBI on 17th September had given Rana Kapoor, just three months more as MD and the CEO, whereas Kapoor had asked for a 3 years extention, what is it that led the Reserve Bank of India to give him just 3 more months when he sought 3 years? What led to such a drastic action by the RBI?