Yes Bank wants Rana Kapoor to give back salary bonus
The Yes Bank board has recommended not to raise CEO Rana Kapoor's salary for 2017-18 as well as for the current year
New Delhi: Yes Bank Ltd’s board has recommended clawing back of bonuses paid to managing director and chief executive Rana Kapoor for two years ended 31 March 2016 following adverse observations made by banking regulator the Reserve Bank of India (RBI). The board has also recommended that no bonuses be paid to Kapoor for fiscals 2016-17 and 2017-18 and didn’t propose any bonus for the following year, according to documents reviewed by Mint. It has recommended not to raise Kapoor’s salary for 2017-18 as well as for the current year, the documents said.
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