Press Releases

PDF document (294 kb)
Date : Mar 05, 2020
Supersession of the Board of Directors - Appointment of Administrator - Yes Bank Ltd.

In exercise of the powers conferred under 36ACA of the Banking Regulation Act 1949, the Reserve Bank has, in consultation with Central Government, superseded the Board of Directors of Yes Bank Ltd. for a period of 30 days owing to serious deterioration in the financial position of the Bank. This has been done to quickly restore depositors’ confidence in the bank, including by putting in place a scheme for reconstruction or amalgamation. Shri Prashant Kumar, ex-DMD and CFO of State Bank of India has been appointed as the administrator under Section 36ACA (2) of the Act.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/2025


2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Archives
Top