ANI
15 May 2019, 11:25 GMT+10
Mumbai (Maharashtra) [India], May 15 (ANI): 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)Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
Mumbai (Maharashtra) [India], July 3 (ANI): Indian stock markets opened with gains on Thursday, but caution prevailed as investors...
The alliances latest summit avoided confronting Beijing but could not cover up the efforts to contain the Asian great power The June...
The alliances latest summit avoided confronting Beijing but could not cover up the efforts to contain the Asian great power The June...
The alliance's latest summit avoided confronting Beijing but could not cover up the efforts to contain the Asian great power ...
The alliances latest summit avoided confronting China but could not cover up the efforts to contain the Asian great power The June...