Shares of private sector lender Yes Bank gained on Wednesday morning, after the firm announced that efforts are underway for mutual resolution with Ms Madhu Kapur & family, the Co-promoter of the Bank. Yes Bank share price zoomed more than 3.33% in the morning trade to day\u2019s high of Rs 198.50. \u201cIt is being reported by the MD&CEO, Shri Rana Kapoor who is also the largest shareholder and promoter of the Bank, that efforts are underway for mutual resolution with Ms. Madhu Kapur & family, the Co-promoter of the Bank. This is intended to ensure better support and coordination by the 2 promoter groups with the Board of Directors of the Bank,\u201d Yes Bank said in a statement on the exchanges. Also read:\u00a0Share market LIVE updates: Sensex slips over 100 points, Nifty below 10,650; Infosys, TCS down up to 2% Yesterday, Yes Bank shares slipped over 6% after the bank\u2019s non-executive independent director R. Chandrashekhar stepped down from the board with immediate effect. \u201cWe would like to inform that Mr. Rentala Chandrashekhar, Non-Executive, Independent Director has tendered his resignation from the Board of Directors of Yes Bank on November 19, 2018 with immediate effect,\u201d the private sector lender said in a regulatory filing late on Monday. This is the third resignation from Yes Bank\u2019s board since last week. The bank had initially cited personal reasons for Chandrashekhar\u2019s resignation. It had then revised the statement on the exchanges to exclude the terms \u201cdue to personal reasons.\u201d The shares had dropped by about 13% in the last 8 sessions alone follwing high profile resignations.\u00a0 The private sector lender is currently going through a transition phase after the RBI in September refused to grant an extension to current MD and CEO Rana Kapoor.\u00a0Since September 19 \u2014 when the RBI first curbed Kapoor\u2019s term \u2014 Yes Bank shares are currently down nearly 40%. The private bank\u2019s scrips saw their biggest intra-day plunge in over a decade on September 21 after the RBI curtailed Rana Kapoor\u2019s term until January 31, 2019. The shares slumped to a fresh 52-week low of Rs 165 on September 28 on the NSE.