Current Affairs

R.Gandhi Appointed as the Add. Director of Yes Bank

The Reserve Bank of India has appointed its former Deputy Governor R. Gandhi as an additional director on the board of private sector lender Yes Bank with immediate effect.
R.Gandhi Appointed as the Add. Director of Yes Bank

Details:

  • The appointment is for two years, that is till May 13, 2021.
  • R. Gandhi's appointment comes against the backdrop of Yes Bank reported a loss of ₹1,507 cr for the March quarter.
  • This appointment will significantly strengthen Yes Bank's Board Composition and the Bank will immensely benefit from R. Gandhi's experience and wisdom.

About Mr.R.Gandhi:

  • Gandhi was the RBI Deputy Governor during April 2014 and April 2017.
  • Gandhi was the driving force for the design and implementation of the real-time gross settlement system or RTGS.

Question:

Q. The Reserve Bank of India has appointed which of its former Deputy Governor as an additional director on the board of private sector lender Yes Bank with immediate effect?
a. P. Gandhi
b. S. Gandhi
c. M. Gandhi
d. R. Gandhi
R.Gandhi Appointed as the Add. Director of Yes Bank R.Gandhi Appointed as the Add. Director of Yes Bank Reviewed by Neha on May 16, 2019 Rating: 5

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