Yes Bank, India’s fourth largest private lender, has drawn up a draft proposal for discussion between its warring promoters, Madhu Kapur and Rana Kapoor, which could potentially result in their reconciliation. The draft proposal, which CNBC-TV18 has reviewed, has laid out the terms of appointment of directors, a vital bone of contention between the promoters.

Moody’s Investors Service on Tuesday changed Yes Bank's rating outlook to negative from stable, citing board resignations and concerns over corporate governance.

The Securities and Exchange Board of India (Sebi) has issued detailed guidelines to regulate aspects around compliance of alternative investment funds (AIF) in international financial services centres.

A ministerial panel on Tuesday cleared a proposal for strategic sale of Air India's ground handling subsidiary AIATSL.