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In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor. Correct Answer All except III follow

The given sentence is about Yes Bank trying to find a successor to founder CEO Rana Kapoor, whose tenure has been cut short by Reserve Bank of India (RBI) until January 31 2019. 

A course of action is something that needs to be done considering the present scenario in mind. From the statement, we understand that the appropriate course of action must be something done in order to find the new successor. But from the Courses of action mentioned we do not get anything evident in support of this. Moreover, as we don’t have an option like ‘None follows’ thus, we must have to look for a suitable course of action.

Thus, we must change our approach in order to mark the answer choice.

Let’s look at the possible approaches possible from the different actions mentioned.

Course of action I portrays the approach of the bank asking for an extension to Kapoor up to September 2019. It gives the idea that the bank is trying to delay Kapoor’s exit. It can be understood as a possible course of action done by the bank trying to save the CEO for as long as possible.

Based on similar approach we can mark Course of action II as the appropriate choice by the bank in order to elevate senior group presidents. This is also a possible course of action which indicates the efforts done by the bank to save its current scenario.

Course of action III is already stated in the given context and can thus be rejected. Moreover, it does not propose any course of action.

Thus, the correct answer is option 3 as it captures both I and II.

Related Questions

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