‘RBI must be open about CEO stints’

This comes two days after the private sector lender reported that the RBI had not find any divergence or under reporting of non-performing assets for fiscal year 2017-18.

“The question of why the RBI ordered Kapoor to go remains unanswered. We believe it is time for the RBI to increase transparency on decisions that have a significant impact on minority shareholders,” Jefferies, the brokerage, said.

It pointed out the Yes Bank stock, which gained since the zero divergence news, had lost 30 pc following the RBI curtailing the term of Kapoor in Sept last year. It can be noted the terms of both Kapoor as well as Shikha Sharma, the head of Axis Bank, were curtailed by the regulator. No reasons were given officially for the action.