Mumbai: Yes Bank’s independent director Mukesh Sabharwal is said to have quit the board of directors, making it the second board level exit in as many days leading to uncertainty ahead of its shareholders meet on Wednesday, said two people familiar with the matter.Sabharwal, a former defence personnel, is supposed to have cited personal reasons for resigning from the board. R Chandrashekhar, Ashok Chawla were the other board members to have quit.Ravneet Gill in March took over as the CEO. He has talked about culture change in the bank with being liabilities led than asset led. The Bank is looking to hire to lead the liabilities division as it will be an important area of focus. The bank is moving on the path of having strong regulatory compliance and uncompromising governance standards.Shares of Yes Bank were up 4.16% at Rs 141.55.

Source: Economic Times June 11, 2019 09:00 UTC