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Yes Bank board member quits citing corporate governance concerns

Mr. Agarwal, in a resignation letter seen by Reuters, said there are “serious concerns” around deteriorating corporate
governance standards, along with compliance failures at the bank.

Uttam Prakash Agarwal, an independent board member with Yes Bank Ltd, resigned from the lender’s board and stepped down as
head of its audit committee on Friday, citing major corporate governance concerns at the troubled lender.

Image result for Uttam Prakash Agarwal, an independent board member with Yes Bank Ltd,"

   Uttam Prakash Agarwal

Mr. Agarwal, in a resignation letter seen by Reuters, said there are “serious concerns” around deteriorating corporate
governance standards, along with compliance failures at the bank.

Mr. Agarwal was appointed to the board in November 2018 by the lender’s former managing director Rana Kapoor.

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