Yes Bank

Yes Bank's Ratings got Downgraded by Moody's Due to Rana Kapoor's Exit

The resignations, when seen in conjunction with RBI’s September directive to restrict the term of the bank’s MD & CEO Rana Kapoor, till January 31, 2019, have raised concerns over corporate governance, it said. “Although the bank’s reported credit fundamentals remain stable, the developments surrounding the transition in leadership as well as the governance issues are credit negative because they complicate management’s effective implementation of the bank’s long-term strategy,” it said.