The announcement comes after an & # 39; Economic Times & # 39; report on Wednesday said Kapoor had demanded a seat on the board as well as rores of rupees as compensation for lost compensation.
File photo of Yes Bank Founder Rana Kapoor
In a series of tweets, Rana Kapoor, founder and former chairman of Yes Bank, announced on Thursday that he is not looking for a comeback at the bank.
Kapoor also showed complete confidence in the management and board of directors of Yes Bank. "The Yes Bank management team, MD and CEO Shri Ravneet Gill and Board of Directors have my full support," said Kapoor on his Twitter handle.
Rana Kapoor added that his promotion group fully supported and voted on all 19 resolutions at the 15th Annual General Meeting (AGM) of Yes Bank on 12 June. The announcement comes after a Economic Times report on Wednesday stating that Kapoor had demanded a seat on the board as well as rores of rupees as compensation for lost compensation.
The question turned out to be unreasonable and caused a & # 39; bitter struggle in the boardroom & # 39 ;, the report added. However, Rana Kapoor completely denied the news in his tweets. "Some media reports have suggested that I attempt to return to the board despite my unambiguous denial of them," he said, adding, "Yes, bank is an embodiment of professional Indian entrepreneurship and ongoing & # 39 "Hanumanian efforts will overcome this transitional phase."
Kapoor's answer comes after Yes Bank left two senior board members this week. Mukesh Sabharwal, chairman of the nomination and remuneration committee, resigned on Tuesday, a day after former interim CEO Ajai Kumar had submitted his papers.
Sabharwal was appointed to the bank on 25 April 2012 and has spent more than seven years in the Yes Bank. The bank said that Sabharwal said he wanted to spend quality time on his academic activities and confirmed that there was no material reason other than the commandments.
Meanwhile, one month after Rana Kapoor's resignation, Ajai Kumar was the interim Managing Director (MD) and CEO of the bank. He also quoted personal reasons for his reason for resigning.