On September 20, former RBI deputy governor R Gandhi was named as YES Bank’s part-time chairman. The term of the appointment is three years.
“As recommended by the Bank’s Board of Directors, the Reserve Bank of India (RBI) has approved the appointment of Mr. Rama Subramaniam Gandhi as the Non-Executive (Part-time) Chairman of the Bank under Section 10B(1A)(i) of the Banking Regulation Act, 1949 for a period of three (3) years effective today, i.e. September 20, 2022,” YES Bank stated in its regulatory filing.
YES Bank further stated that Gandhi is unrelated to any of the bank’s other directors or senior management people and that he is not precluded from serving as a director by any Securities and Exchange Board of India (SEBI) decision.
Gandhi is presently a policy specialist and advisor in the financial industry. He currently advises banks, finance firms, fintech entities, payment system entities, investors, and funds on a variety of financial rules and Indian economic issues. He serves as an independent director on the boards of many organisations, including banks, account aggregators, information utilities, and fintech. He is also a frequent public speaker.
Gandhi served as a deputy governor of the Reserve Bank of India for three years, from 2014 to 2017. For 37 years, he had been a seasoned and experienced central banker. He was seconded to SEBI for three years. He was also the director of the Institute for Development and Research in Banking Technology (IDRBT) in Hyderabad.
Gandhi received his education both in India and overseas. Annamalai University awarded him a master’s degree in Economics. He also holds post-graduate certifications in Management Information System and Capital Market from The American University in Washington, DC.
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