Yes Bank's non-executive Chairman Ashok Chawla resigns
New Delhi, Nov 14 : Yes Bank on Wednesday said that its non-executive independent part-time Chairman Ashok Chawla has resigned with immediate effect.
"The bank shall in due course announce the appointment of a Chairman, post RBI's (Reserve Bank of India) approval."
Last month, RBI had reaffirmed that a successor to Yes Bank's MD and CEO Rana Kapoor should be appointed by February 1, 2019.
On its part, the company has constituted a "Search and Selection Committee" to evaluate both internal and external candidates and make suitable recommendations to the Board of Directors within stipulated timelines for RBI' s final approval.