CURRENT AFFAIRS QUIZ - 2019
RBI Appoints whom as an additional director for the board of private sector lender YES Bank?
A)
Nachiket Mor
B)
Urjit Patel
C)
R Gandhi
D)
N S Vishwanathan

Correct Answer : Option (C) - R Gandhi

Note : 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.