IANS | 13 Jun, 2018
Private sector lender Yes Bank on Tuesday said that its shareholders
have approved re-appointment of Rana Kapoor as the bank's MD and CEO for
a further period of three years, effective from September 1.
to the bank, the general body of its shareholders have approved all 13
resolutions at the 14th Annual General Meeting (AGM) of the company held
The company said that Kapoor's re-appointment is subject to final approval by the Reserve Bank of India (RBI).
shareholders have approved through special resolution to raise capital
aggregating up to $1 billion by way of issue of shares," the company
said in a statement.
"The shareholders also approved through
special resolution the proposal to borrow/raise funds in Indian/foreign
currency by issue of Debt Securities including but not limited to
Non-Convertible Debentures, Medium Term Notes and Bonds up to a total
amount of Rs 30,000 crore."
The company added that its
shareholders also approved through special resolutions to raise the
total borrowing limit of the bank to Rs 110,000 crore.