Yes Bank's Rana Kapoor in talks with Madhu Kapur for truce
MUMBAI: Yes Bank's managing director and chief executive Rana Kapoor Tuesday said he is in talks with co-promoter Madhu Kapur to reach a truce. The confirmation on the speculation comes three months ahead of the January 31, 2019 deadline by which Kapoor is supposed to leave office as per an order of RBI curtailing his tenure. "...efforts are underway for mutual resolution with Madhu Kapur and family, the Co-promoter of the Bank. This is intended to ensure better support and coordination by the two promoter groups with the Board of Directors of the Bank," the bank said in a late evening statement. It can be noted that following the RBI orders curtailing Kapoor's term, there were reports saying he is trying to reach a truce with Kapur, which can give the promoter group owning over 20 per ...