Home » business news » Former RBI Deputy Governor Rama Subramaniam Gandhi appointed as Additional Director of Yes Bank
 
SPEED NEWS

Former RBI Deputy Governor Rama Subramaniam Gandhi appointed as Additional Director of Yes Bank

News Agencies | Updated on: 15 May 2019, 11:39 IST
Rama Subramaniam Gandhi

Former Reserve Bank of India Deputy Governor Rama Subramaniam Gandhi has been appointed as Additional Director on the board of Yes Bank.

The appointment from May 14 is for a period of two years, the private lender said in a filing to stock exchanges late on Tuesday.

"This 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," it said.

Gandhi was RBI Deputy Governor from April 2014 to April 2017. He was in charge of portfolios like banking operations and development, non-banking supervision and risk monitoring.

Yes Bank had posted its first-ever quarterly loss of Rs 1,507 crore in the March quarter of fiscal 2018-19. Rating agencies ICRA and India Ratings have both downgraded the long-term ratings of the bank.

-ANI

First published: 15 May 2019, 11:39 IST
 
PREVIOUS STORY
NEXT STORY