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Written by : Info Box Team
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Former Reserve Bank of India Deputy Governor Rama Subramaniam Gandhi has been appointed as Additional Director on the board of Yes Bank. The appointment from May 14 is for a period of two years, the private lender said in a filing to stock exchanges late on Tuesday.

"This will significantly strengthen Yes Bank's board composition and the bank will immensely benefit from R Gandhi's experience and wisdom at the Yes Bank," it said.

R Gandhi was RBI Deputy Governor from April 2014 to April 2017. He was in charge of portfolios like banking operations and development, non-banking supervision and risk monitoring.

Yes Bank had posted its first-ever quarterly loss of Rs 1,507 crore in the March quarter of fiscal 2018-19. Rating agencies ICRA and India Ratings have both downgraded the long-term ratings of the bank.