If you often use mobile banking and are customers of any of the following banks then you are at risk of cyber fraud. An IT security firm in its report has claimed that the fake apps of State Bank of India, ICICI Bank, Axis Bank, Bank of Baroda (BoB), Yes Bank, Indian Overseas Bank (IOB) and Citi Bank are available on Google Play. The report further claimed that the fake apps have stolen data of many bank customers.

Shares of YES Bank dropped as much as 4.9 per cent in the opening deals on Friday after the Reserve Bank of India (RBI) on Wednesday once again rejected the lender’s request for extending the term of MD & CEO Rana Kapoor, and reaffirmed the February deadline for finding his successor.

Private lender YES Bank is expected to complete the selection process to replace Rana Kapoor as managing director and chief executive officer in another two months. December 15 is a cut-off that the bank has set for itself, a source in the know said.

The Reserve Bank of India (RBI) wants adequate time to vet YES Bank’s choice of Kapoor’s successor, before the new chief can take charge on February 1, 2019. In order to comply with the timeline, the bank plans to send its preferences to RBI for approval around mid-December.

Shares of YES Bank have rallied 6% to Rs 255 on the BSE in early morning trade after the private sector lender appointed US-based headhunter Korn Ferry to assist the bank’s committee in its selection of the new managing director & chief executive officer (MD & CEO).

The bank had announced that it would find a successor to MD & CEO Rana Kapoor whose term was cut short by the Reserve Bank of India (RBI).

Shares of YES Bank, Dewan Housing Finance Corporation, Goa Carbon, Philips Carbon Black and Infibeam Avenues have rallied more than 40% from their respective 52-week lows.

YES Bank was up 5% to Rs 237 in intra-day trade, extending its past two days 9% gain on the BSE, after the board of private sector lender inducted TS Vijayan, former chairman of Insurance Regulatory and Development Authority of India (IRDAI) and Life Insurance Corporation of India (LIC), and OP Bhatt, former CMD of State Bank of India (SBI), as external experts in the committee.

Yes Bank shares extended rally on Tuesday, and gained more than 4% intra-day after reports that promoters Rana Kapoor and Madhu Kapur have initiated moves to reach an out-of-court settlement. Notably, Yes Bank shares zoomed to an intra-day high of Rs 233.8, in second straight day of rally.

Private lender YES Bank, which recently formed a committee to search for a successor to its managing director and chief executive officer Rana Kapoor, will have two external members in the panel — T S Vijayan, former chairman of the Insurance Regulatory and Development Authority of India and O P Bhatt, former chairman and managing director of State Bank of India.

The private bank disclosed this to the stock exchanges in a filing on Friday.

Shares of YES BankN extended their rally for the second straight session after the lender said it is fully geared up for the succession plan for the post of its MD and CEO and will finalise two external experts for the search committee by October 7.

“The bank is fully geared for the MD & CEO’s succession. Pursuant to the board of directors meeting dated September 25, 2018, the two external experts of the Search & Selection Committee will be finalised by October 7, 2018," Yes Bank said in a statement.

Rana Kapoor, managing director (MD) and chief executive officer (CEO) at Yes Bank, reiterated his commitment to the bank and its stakeholders on Friday. In a series of tweets, Kapoor said his YES Bank shares were invaluable. He said he would never sell his shares, even after he demits office as the private lender’s MD and CEO.

YES Bank has denied any dealings with Three Sisters: Institutional Office — the investment vehicle of MD and CEO Rana Kapoor’s daughters. This was in response to clarifications sought by the National Stock Exchange on September 24 based on complaints it had received.

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