R Gandhi appointed part-time chairman of YES Bank

Yes Bank

Former RBI deputy governor R Gandhi on September 20 was appointed as part-time chairman of YES Bank. The appointment is for a period of three years.

"As recommended by the Board of Directors of the Bank, the Reserve Bank of India (RBI) vide its letter dated September 20, 2022, 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 from today i.e. September 20, 2022," YES Bank stated in its regulatory filing.

YES Bank also disclosed that Gandhi is not related to any other directors or key managerial personnel of the bank and he is not debarred from holding the office of a director, by virtue of any Securities and Exchange Board of India (SEBI) order.

Gandhi is currently a financial sector policy expert and adviser. Currently, he advises banks, finance companies, fintech entities, payment system entities, investors and funds on subjects ranging from financial regulations and the Indian economy. He is an independent director on the boards of several entities like banks, account aggregators, information utilities and fintech. He is also a prolific speaker.

Gandhi was an RBI deputy governor for three years from 2014 to 2017. He had been a seasoned and accomplished central banker for 37 years. He had a three-year secondment to SEBI. He also held the charge of director of Institute for Development and Research in Banking Technology IDRBT), Hyderabad.

He was one of the initial members of the Monetary Policy Committee.

Gandhi has been educated in India and abroad. He has a master’s degree in Economics from Annamalai University. He also has post-graduate certificates in Management Information System from The American University, Washington DC, and on the capital market from the City University of New York.