REG - YES Bank Limited - Appointment of Part-time Chairman of the Bank

Yes BankAnnouncement

20/09/2022 15:15

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RNS Number : 0303A  YES Bank Limited  20 September 2022

YBL/CS/2022-23/19

 

September 20, 2022

 

 India International Exchange IFSC Limited       The Singapore Exchange Securities Trading Limited

 101 First Floor, Hiranandani Signature Tower,   2, Shenton Way #19-00

 GIFT City IFSC - 382355, Gujarat, India         SGX Centre 1, Singapore 068804
 The London Stock Exchange

 10, Paternoster Square,

 London, EC4M 7LS

 

 

Dear Sirs/Madam,

 

Sub: Appointment of Mr. R. Gandhi as the Part-time Chairman of the Bank

 

In terms of the Indian Listing Regulations, we are pleased to inform that 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 (DIN: 03341633
(https://www.mca.gov.in/mcafoportal/companyLLPMasterData.do) ) 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.

 

The brief profile of Mr. R. Gandhi is given in Annexure 1.

 

Further, please note that Mr. R. 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 SEBI order or any other such
authority/regulator.

 

The above is for your information and dissemination to all concerned.

 

Thanking you,

 

Yours faithfully,

 

For YES BANK LIMITED

Shivanand R. Shettigar

Company Secretary

 

Encl: As above

 

 

Annexure 1

 

Brief Profile of Mr. R Gandhi

 

Mr. 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 Indian economy. He is an independent director on the boards of
several financial sector entities like bank, market infrastructure, account
aggregator, information utility and fintech, among others. He is a prolific
speaker and covers, including these areas, wide range of subjects.

 

Mr. Gandhi was a Deputy Governor of the Reserve Bank of India 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 the Securities and Exchange Board
of India (SEBI), the capital market regulator. He also held the charge of
Director of the Institute for Development and Research in Banking Technology
IDRBT), Hyderabad.

 

Mr. Gandhi has been associated with various committees, working groups and
task forces, both domestic and international. He was one of the initial
members of the Monetary Policy Committee (MPC). He was a member of the Basle
Committee on Banking Supervision (BCBS) and the Committee on Global Financial
Systems (CGFS), Basle.

 

Mr. Gandhi has been educated in India and abroad. He has a master's degree in
Economics from the Annamalai University, in Tamil Nadu, India. He also has
post graduate level certificates in Management Information System from The
American University, Washington DC, USA and in Capital Market from the City
University of New York, New York, USA. His technical education includes a
certificate course in System Programming from the IBM Education, Sydney,
Australia. He also has a certificate in Gandhian Thoughts from the Madurai
University, Tamil Nadu, India.

 

 

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