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Current Affairs - 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 :   R Gandhi


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.

Published On : July 12, 2021
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