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Yes Bank recalls ₹1.44 crore in bonus paid to Founder Rana Kapoor
short by Krishna Veera Vanamali / on Friday, 17 May, 2019
Yes Bank has clawed back performance bonus of ₹1.44 crore paid to Co-founder and former CEO Rana Kapoor for 2014-15 and 2015-16, following directions from the Reserve Bank of India. The private lender did not pay any performance bonus to Kapoor in financial years 2016-17 and 2017-18. Kapoor stepped down in January after RBI declined to give him another term.
read more at Bloomberg Quint