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R Gandhi appointed as Additional Director on Yes Bank board


Former of has been appointed as on the board of

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 will immensely benefit from R Gandhi's experience and wisdom at the Yes Bank," it said.

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

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 11:10 IST