Yes Bank rises 4% ahead of board meeting to appoint new Chairman

The board will also consider appointment of two independent directors in the said board meeting.

Shares of Yes Bank added 4 percent intraday Thursday ahead of board meeting to consider the appointment of new Chairman of the company.

The company's board meeting is scheduled to be held on December 13 to consider the appointment of new Chairman.

The board will also consider appointment of two independent directors in the said board meeting.

In the month on November, the Non-Executive (Independent) Chairman of Yes Bank Ashok Chawla has resigned and Vasant Gujarathi has also tendered his resignation as an independent director of the bank on November 14, 2018 with immediate effect.

Also, O P Bhatt has resigned from the panel set up by the bank to find a successor to its MD and CEO Rana Kapoor.

Another Independent Director, Rentala Chandrashekhar has tendered his resignation from the bank's board.

RBI asked Rana Kapoor to step down as MD & CEO in January and reaffirmed about appointment of successor to Kapoor by February 1, 2019.

At 09:35 hrs Yes Bank was quoting at Rs 191.50, up Rs 4.70, or 2.52 percent on the BSE.

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