Mumbai : Leading private sector Bank Yes Bank today said the appointment of R.Gandhi as an additional director is a positive move by the RBI and it will strengthen its board.
“In continuation of the Bank’s earlier intimation dated May 14,2019 in relation to the captioned subject, we warmly welcome the appointment of Mr. R. Gandhi to the Board of YES BANK by RBI under Section 36AB of the Banking Regulation Act, 1949. This is a very positive and constructive measure aimed at further strengthening the Board. This will not impede the smooth, independent and effective functioning of the Bank in any way. RBI is supportive of a strong and successful YES BANK and we stand committed to serving the best interests of all our stakeholders” Yes Bank Said in a regulatory filing.