RBI appoints R Gandhi, Ananth Narayan as additional directors on Yes Bank board

Under the reconstruction scheme, which came into effect from March 14, RBI can appoint one or more persons as additional directors on the board of Yes Bank. On March 5, the RBI had superseded the board of Yes Bank and appointed Prashant Kumar, ex-DMD and CFO of SBI, as the administrator. The RBI-imposed moratorium was lifted on March 18.

from Banking/Finance-Industry-Economic Times https://ift.tt/39a5zU6