Although Acharya has not announced his plans yet, it is expected within RBI that he will be returning to Academia.
The combined entity, with employee strength of 14,302, will have a loan book size of Rs 1.23 lakh crore for the first nine-month period of 2018-19.
Yes Bank shares fell 13% to a five-year low of Rs 117.20 on the BSE on Thursday.
The RTGS system is primarily meant for large value transactions.
Since the beginning of this year, DHFL has seen its credit rating fall four notches at CARE Ratings and also at Brickwork Ratings to BBB+.
The RBI is empowered under the Banking Regulations Act to appoint one or more additional directors on a private lender’s board in the interest of the bank or its depositors.