CURRENT AFFAIRS

Detailed explanation-1: -The Reserve Bank has approved the appointment of its former deputy governor R Gandhi as non-executive part time chairman of Yes Bank for three years, a regulatory filing said. Gandhi’s appointment comes into effect from September 20, 2022.

Detailed explanation-2: -Abhishek Mishra. Answer: Option D Explanation: Private sector lender YES Bank on Saturday announced the appointment of Rama Subramaniam Gandhi as an additional independent director of the bank for a period of five years.

Detailed explanation-3: -2.5. The Boards of nationalised banks and State Bank of India are constituted by the Central Government. The Nationalisation Acts and the SBI Act vest powers with the Central Government to appoint the Chairmen and Managing Directors of the banks in consultation with the Reserve Bank.

Detailed explanation-4: -Gandhi was a Deputy Governor of the RBI for three years from 2014 to 2017. He had a three-year secondment to the Securities and Exchange Board of India (SEBI), the capital market regulator. Former RBI Deputy Governor R Gandhi has been appointed as part-time chairman of Yes Bank.