Left Menu
Development News Edition

RBI appoints former dy-guv Gandhi on Yes Bank board

PTI | New Delhi | Updated: 15-05-2019 21:36 IST | Created: 15-05-2019 19:03 IST
RBI appoints former dy-guv Gandhi on Yes Bank board
Image Credit:

Yes Bank said Wednesday the Reserve Bank has appointed former RBI deputy governor R Gandhi as an additional director on its board for two years. "The Reserve Bank of India vide its letter dated May 14, 2019, informed that in exercise of powers conferred under ... the Banking Regulation Act, 1949, appointed R Gandhi, Ex-Deputy Governor, Reserve Bank of India 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.

The private lender said its board "heartily" welcome the appointment of Gandhi given his impeccable background and track record as a highly respected Regulator in India. "This appointment will significantly strengthen YES Bank's Board Composition and the bank will immensely benefit from R. Gandhi's experience and wisdom at the YES Bank," the filing said.

Shares of Yes Bank tanked 8.01 per cent to close at Rs 143.65 on BSE.



Dissecting how COVID-19 is catalyzing the trajectory of New World Order

The ensuing pandemic of COVID-19 has hit the globalization in two ways firstly, shrinking the importance of globalization as an economic force by curtailing mobility through worldwide lockdowns, and secondly, rejuvenating the idea of indig...

Domestic seafood trade in focus as COVID-19 changes market dynamics

As predicted earlier in a report titled Seafood industry post-COVID 19 An overhaul to trigger the growth of small fisheries, one of the changes going ahead would be increased focus on domestic seafood trade, driven by falling exports and su...

Migration post-COVID 19: Taking cues from the past to rebuild economies

Migrants are an irreplaceable part of even the essential workforce of developed countries and are on the frontline in the fight against the crisis, making an immeasurable contribution to saving the lives of natives with voting rights....

Socialization Post-COVID-19: Local associations and online groups to play crucial role

Though every age group is suffering due to the global lockdown caused by the ensuing COVID-19 pandemic, the challenges before adolescents are unique. Their social space has shrunk drastically, besides, they have become highly vulnerable to ...


Latest News

Warner heaps high praise on Bengals QB Burrow

Pro Football Hall of Famer Kurt Warner has heard instant comparisons between himself and top overall pick Joe Burrow, and he seems to be on board. I actually had seen that a couple times out there -- people making that comparison, Warner, 4...

Americans make low-key Memorial Day tributes, coronavirus overshadowing events

Americans paid a low-key tribute to those who died serving in the U.S. Armed Forces on Monday, with many Memorial Day events canceled because of the coronavirus epidemic that has killed nearly 100,000 people in the United States alone. In s...

Arrange repatriation flights from Gulf countries to K'taka: Sadananda Gowda writes to Jaishankar

Asserting that no flight is scheduled to evacuate people from Gulf countries to Karnataka, Union Minister DV Sadananda Gowda has urged External Affairs Minister S Jaishankar to arrange flights to Mangaluru and Bengaluru to bring back the st...

Syria eases coronavirus curbs, new cases jump after expats return

Syria said on Monday it would lift an overnight curfew starting Tuesday and allow movement between governorates, easing coronavirus lockdown measures even as the health ministry reported the largest single-day increase in cases.The ministry...

Give Feedback