Rana Kapoor has been reappointed as the Managing Director & Chief Executive Officer of Yes Bank as shareholders approved the resolution in this regard with a majority of 99.97 per cent.
In the recently held annual general meeting (AGM) of the bank, the shareholders also approved through a special resolution the issuance of non-convertible debentures and bonds up to Rs 10,000 crore and also increased the borrowing limit of the bank to Rs 50,000 crore from current Rs 30,000 crore. Also, shareholders approved through a special resolution to raise fresh equity aggregating up to $1 billion.
The bank got a majority vote to increase the combined foreign portfolio investors (FPI) and foreign institutional investors investment (FII) limits to 74 per cent of the paid-up capital of the bank.
