RBI Appoints whom as an additional director for the board of private s

1.	RBI Appoints whom as an additional director for the board of private sector lender YES Bank?
Answer» The Reserve Bank of India has appointed its former Deputy Governor, R Gandhi, on the board of private sector lender YES Bank as an additional director. The appointment has been done in exercise of powers conferred under sub-section (1) of Section 36AB of the Banking Regulation Act, 1949. The RBI has the power to appoint additional directors on the board of a bank if it feels it is in the interest of the banking company or its depositors.

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