Incompetent employees in YES Bank’s upper management should be removed: Ex-director Agarwal
Zee News
Uttam Prakash Agarwal pointed out that the management team used to prepare all the information.
New Delhi: YES Bank’s ex-director Uttam Prakash Agarwal, on Thursday, said that the bank was driven totally by the management, and not by the directors. “All decisions used to be taken by the managing director of the bank in consultation with the chairman,” he added.
In an exclusive interview with Zee Business, Agarwal also pointed out that the management team used to prepare all the information. Agarwal, who had stepped down from the board of YES Bank, said that all his concerns, which are shared with the Reserve Bank of India’s governor, SEBI, and respective ministries, are out in the public domain.
Most of his concerns were related to the corporate governance of the bank. However, he said that he doesn’t know what developments and steps have been taken into consideration with the concerns he had shared earlier.
