The state-run bank has cited diversion of funds by the company and its former director Anil Ambani to related parties.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
We value our free readers. Read 100+ stories every year.
The Yes Bank CEO ushers in a spate of changes in the retail banking business to stem its loss-making streak.
The five-year ban from the securities market over alleged diversion of funds is only the latest in a series of financial and legal setbacks the younger Ambani has faced over the years.
The success of the revamped digital banking platform will help India’s largest lender reclaim its first-mover advantage and resurrect the prospects of its head.