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Rana Kapoor leaves Yes Bank; Ajai Kumar appointed interim MD, CEO

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Rana Kapoor's reign as the managing director and chief executive of Yes Bank, which was co-founded by him, finally ended Thursday. The Reserve Bank had last September asked him to leave office by January 31 following which the board unsuccessfully sought an extension till September 2019 RPT 2019. The midsized private sector lender Thursday appointed its non-executive director Ajai Kumar who had led state-run Syndicate Bank in the past, as his interim successor for a month till Ravneet Singh Gill from Deutsche Bank India takes over from March 1.

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