Moneycontrol has learnt that Uberoi will be spearheading the compliance and governance related functions at Yes Bank.
The troubled lender is looking to imrpove investor confidence after registering losses for the March quarter.
Performance bonus worth Rs 6,217,823 given to Kapoor in FY15 end and Rs 8,245,416 in FY16 end was clawed back.
Welcoming the appointment in a statement, the city-headquartered bank said the appointment is "very positive and constructive measure" to strengthen the board.
Shareholders are wary of the possibility of further erosion in Yes Bank's stock as the bank is set to dilute its equity to add to its loan loss provisions
On May 16, S&P BSE Oil & Gas rose 1.5 percent, followed by the S&P BSE realty that gained 1.3 percent, and the S&P BSE Power that was up 1.3 percent
The top Nifty gainers included Bajaj Finance, Eicher Motors, Indiabulls Housing Finance, Indian Oil Corporation and UPL while Tata Motors, YES Bank, Zee Entertainment and JSW Steel are the top losers.
The breadth of the market favoured the declines as 759 stocks advanced and 899 declined while 441 remained unchanged. On the BSE, 948 stocks advanced, 1,166 declined and 137 remained unchanged.
India Ratings has downgraded the bank’s long-term rating to ‘IND AA-’ with negative outlook, while reaffirming short-term rating, Yes Bank said in a late-evening filing on Wednesday.
At 1114 hrs, CG Power and Industrial Solutions was quoting Rs 41.30, up 13.15 percent on the BSE.
The top Nifty gainers include BPCL, TCS, Bharti Airtel, Indian Oil Corporation and Tech Mahindra while Tata Motors, Titan Company, YES Bank, JSW Steel and Zee Entertainment are the top losers.
The firm has downgraded the lender's tier-I bond from "AA-" to "A" and tier-II bonds from "AA" to "AA-" The outlook is negative on both bonds, the bank said in a press note to the exchanges.
'(The) Reserve Bank of India (RBI) vide its speaking order dates April 22, 2019, imposed a penalty of Rs 11,25,000 under the Payment and Settlement Systems Act, 2007,' Yes bank said in a regulatory filing.
Arihant Capital recommended hold rating on Yes Bank with a target price of Rs 187 in its research report dated April 30, 2019.
CNBC-TV18's Consulting Editor Udayan Mukherjee says that despite the sharp correction, investors should stay away from the stock.
On April 26, the bank reported its first-ever quarterly loss since its inception in 2004 at Rs 1,506 crore in the January-March quarter.
Dolat Capital is bearish on Yes Bank has recommended sell rating on the stock with a target price of Rs 160 in its research report dated April 30, 2019.
Sakshi Batra does a 3 Point Analysis on what went wrong for Yes Bank in Q4 and what should be investors strategy now.
Yes Bank watchlist also highlights the failure of credit rating agencies and analysts to spot anomalies and catch red flags on defaults and stress early on.
ICICI Direct recommended hold rating on Yes Bank with a target price of Rs 180 in its research report dated April 30, 2019
"One of the upsides of the bank is the quality of management that we have and I would love to have the stability of the senior management that we have," Gill said.
The brokerage also announced a double-downgrade of the Yes Bank stock to 'underperform' and also massively slashed the stock price a low Rs 165 over the next 12 months, as against Friday's close of Rs 237.40.
Sharekhan is bullish on Yes Bank and has recommended buy rating on the stock with a target price of Rs 275 in its research report dated April 26, 2019.
While Axis Bank managed to go back to making profits, YES Bank slipped in red and posted its biggest quarterly loss ever.