RBI appoints additional directors to Yes Bank's board
New Delhi : The Reserve Bank of India on Friday appointed R Gandhi, former RBI Deputy Governor, and Ananth Narayan Gopalakrishnan, Associate Professor at SP Jain Institute of Management and Research, as additional directors to the board of Yes Bank.
The reconstruction of Yes Bank began on March 14 after the moratorium on the private lender was lifted at 6 pm on March 18.
Earlier this month, Prashant Kumar was appointed to the post of CEO and MD of the reconstructed Yes Bank. Kumar, who was earlier the CFO and Deputy MD at State Bank of India (SBI), was appointed as administrator to the troubled lender by RBI.
Sunil Mehta, former non-executive chairman of Punjab National Bank, was appointed Non-Executive Chairman of Yes Bank, while Mahesh Krishnamurthy and Atul Bheda were appointed Non-Executive Directors to its board.
Yes Bank had gone into a major crisis due to its Non Performing Assets (NPAs) and bad loans.