Ashok Chawla

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Ashok Chawla - Total results - 35
Moody's places Yes Bank under review for downgrade; independent director Mukesh Sabharwal quits board
Business

Moody's places Yes Bank under review for downgrade; independent director Mukesh Sabharwal quits board

Moody’s placed Yes Bank Ltd under review for downgrade, citing the private-sector lender’s exposure to weak companies in the country’s financial sector

Aircel-Maxis case: Delhi court extends interim protection to Chidambaram, Karti till 1 August
Business

Aircel-Maxis case: Delhi court extends interim protection to Chidambaram, Karti till 1 August

On 6 May, the Delhi court granted Chidambaram and his son Karti interim protection from arrest in the case till 30 May.

Etihad Airway's nominee on Jet Airways board Robin Kamark quits the company
Business

Etihad Airway's nominee on Jet Airways board Robin Kamark quits the company

After Kamark's exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations around mid-April

Deutsche Bank's Ravneet Singh Gill in race for top post at Yes Bank to replace Rana Kapoor; new CEO's name to be disclosed after RBI approval
Business

Deutsche Bank's Ravneet Singh Gill in race for top post at Yes Bank to replace Rana Kapoor; new CEO's name to be disclosed after RBI approval

The Reserve Bank of India has asked Yes Bank RBI to find a new CEO by 1 February to replace current CEO Rana Kapoor.

Aircel Maxis case: Ashok Chawla resigns as chairman of National Stock Exchange after Centre sanctions prosecution
Business

Aircel Maxis case: Ashok Chawla resigns as chairman of National Stock Exchange after Centre sanctions prosecution

A former finance secretary, Ashok Chawla took over as the chairman of the exchange on 28 March 2016.

Yes Bank finalises potential candidates for top job to replace Rana Kapoor; new CEO's name to be disclosed after RBI approval
Business

Yes Bank finalises potential candidates for top job to replace Rana Kapoor; new CEO's name to be disclosed after RBI approval

Yes Bank Ltd said on Wednesday it has finalised the potential candidates for the position of chief executive officer to replace the incumbent Rana Kapoor, but did not disclose names.

Yes Bank recommends name of Brahm Dutt for post of chairman to the RBI
Business

Yes Bank recommends name of Brahm Dutt for post of chairman to the RBI

The Yes Bank's chairman post fell vacant after the resignation of Ashok Chawla in November following issues related to probity.

Yes Bank appoints former IRDAI chief TS Vijayan as additional director for five years with immediate effect
Business

Yes Bank appoints former IRDAI chief TS Vijayan as additional director for five years with immediate effect

Yes Bank said the appointment of Vijayan will be subject to the approval of shareholders at the next general meeting of the bank.

Governance lapses, poor compliance culture forced RBI to trim Rana Kapoor's term at Yes Bank, say sources
Business

Governance lapses, poor compliance culture forced RBI to trim Rana Kapoor's term at Yes Bank, say sources

Sources close to Yes Bank said several of the concerns raised by the RBI have already been addressed and the same were reflected in its communication.

Yes Bank MD and CEO Rana Kapoor unlikely to be in the fray for post of chairman
Business

Yes Bank MD and CEO Rana Kapoor unlikely to be in the fray for post of chairman

As Kapoor still remains the head of the bank until January next year, the possibility of him proposing for the chairman post looks bleak, added the sources

Rana Kapoor eyes Yes Bank's non-executive chairman post after stepping down as CEO on 31 January
Business

Rana Kapoor eyes Yes Bank's non-executive chairman post after stepping down as CEO on 31 January

Yes Bank said its board on 13 December will recommend names for a new chairman to be approved by the RBI as well as consider the appointment of independent directors.

After Moody's, Icra downgrades Yes Bank citing poor corporate governance; warns of further cuts on adverse developments
Business

After Moody's, Icra downgrades Yes Bank citing poor corporate governance; warns of further cuts on adverse developments

Icra had placed the bank on rating watch earlier this month and had said the resignations--there were three so far--would impede the bank's ability to raise capital.

'R Chandrashekhar wanted Yes Bank to focus on finding successor of Rana Kapoor'
Business

'R Chandrashekhar wanted Yes Bank to focus on finding successor of Rana Kapoor'

Chandrashekar was of the view that the bank should have been focussing on the transition and making sure that there was an orderly transition

Yes Bank's Rana Kapoor in talks with co-promoter Madhu Kapur for truce ahead of 31 January deadline
Business

Yes Bank's Rana Kapoor in talks with co-promoter Madhu Kapur for truce ahead of 31 January deadline

Rana Kapoor and Madhu Kapur have an acrimonious past and have also battled in the Bombay High Court.+++

YES Bank's independent director R Chandrashekhar resigns; promoters seek board overhaul
Business

YES Bank's independent director R Chandrashekhar resigns; promoters seek board overhaul

The Reserve Bank of India (RBI) has asked YES Bank to find a replacement for its founder MD and CEO Rana Kapoor by 31 January

Yes Bank shares fall for second day in a row, down 7% after Ashok Chawla resigns as non-executive chairman
Business

Yes Bank shares fall for second day in a row, down 7% after Ashok Chawla resigns as non-executive chairman

On Thursday, the Yes Bank shares had plunged over seven percent on the stock exchanges.

O P Bhatt resigns from Yes Bank's CEO search panel set up to find successor to Rana Kapoor
Business

O P Bhatt resigns from Yes Bank's CEO search panel set up to find successor to Rana Kapoor

Former SBI chairman O P Bhatt has resigned from the panel set up by Yes Bank to find a successor to its MD and CEO Rana Kapoor, the private sector bank said on Thursday

Yes Bank shares drop 9% as non-executive chairman Ashok Chawla's departure heightens concerns
Business

Yes Bank shares drop 9% as non-executive chairman Ashok Chawla's departure heightens concerns

Chawla’s departure exacerbates the turmoil the Yes Bank management is in, after RBI denied an extension to its CEO Rana Kapoor for a second time last month