Date: 5/15/2019

English मराठी


15-May-2019 RBI APPOINTS R GANDHI ON YES BANK BOARD Read More The Reserve Bank of India has appointed its former Deputy Governor, R Gandhi, on the board of private sector lender YES Bank as an additional director. "This is to inform you that the RBI. in exercise of powers conferred under sub-section (1) of Section 36AB of the Banking Regulation Act, 1949, appointed R Gandhi, Ex Deputy Governor, RBI as Additional Director on the board of the bank for a period of two years with effect from May 14, 2019 to May 13, 2021 or till further orders, whichever is earlier," YES Bank said in a regulatory filing. Welcoming the appointment, it said this will significantly strengthen YES Bank's board composition and the bank will immensely benefit from Gandhi's experience and wisdom. The RBI has the power to appoint additional directors on the board of a bank if it feels it is in the interest of the banking company or its depositors. The move comes after the bank reported a Rs 1,507 crore loss in the fourth quarter of 2018-19. The YES Bank scrip on 15th May fell over 4 per cent on BSE.

The Reserve Bank of India has appointed its former Deputy Governor, R Gandhi, on the board of private sector lender YES Bank as an additional director.
"This is to inform you that the RBI. in exercise of powers conferred under sub-section (1) of Section 36AB of the Banking Regulation Act, 1949, appointed R Gandhi, Ex Deputy Governor, RBI as Additional Director on the board of the bank for a period of two years with effect from May 14, 2019 to May 13, 2021 or till further orders, whichever is earlier," YES Bank said in a regulatory filing.
Welcoming the appointment, it said this will significantly strengthen YES Bank's board composition and the bank will immensely benefit from Gandhi's experience and wisdom.
The RBI has the power to appoint additional directors on the board of a bank if it feels it is in the interest of the banking company or its depositors.
The move comes after the bank reported a Rs 1,507 crore loss in the fourth quarter of 2018-19. The YES Bank scrip on 15th May fell over 4 per cent on BSE.