Not involved with bank for last 13 months: YES Bank founder Rana Kapoor

In a first reaction on YES Bank's current crisis, CEO Rana Kapoor has said that he has not been involved with the bank in the last 13 months and has no clue about the current situation.

The Reserve Bank of India (RBI) on Thursday capped withdrawals by YES Bank depositors at Rs 50,000 after repeated failures to raise funds. The central bank has also superseded the board of YES Bank and appointed Prashant Kumar, former Deputy Managing Director and CFO of State Bank of India, as administrator.