Yes Bank Limited announced the appointment of Rama Subramaniam Gandhi as Part-time Chairman on the company’s Board, with effect from September 20, 2022.
According to the company’s exchange filing, “We are pleased to inform that as recommended by the Board of Directors of the Bank, the Reserve Bank of India (“RBI”) vide its letter dated September 20, 2022, has approved the appointment of Mr. Rama Subramaniam Gandhi (DIN: 03341633) as the Non-Executive (Parttime) Chairman of the Bank under Section 10B(1A)(i) of the Banking Regulation Act, 1949 for a period of three (3) years effective from today i.e. September 20, 2022.”
Gandhi is currently a financial sector policy expert and adviser. Currently, he advises banks, finance companies, fintech entities, payment system entities, investors and funds on subjects ranging from financial regulations and Indian economy. He is an independent director on the boards of several financial sector entities like bank, market infrastructure, account aggregator, information utility and fintech, among others. He is a prolific speaker and covers, including these areas, wide range of subjects.
Gandhi was a Deputy Governor of the Reserve Bank of India for three years from 2014 to 2017. He had been a seasoned and accomplished central banker for 37 years. He had a three year secondment to the Securities and Exchange Board of India (SEBI), the capital market regulator. He also held the charge of Director of the Institute for Development and Research in Banking Technology IDRBT), Hyderabad.
Gandhi has been associated with various committees, working groups and task forces, both domestic and international. He was one of the initial members of the Monetary Policy Committee (MPC). He was a member of the Basle Committee on Banking Supervision (BCBS) and the Committee on Global Financial Systems (CGFS), Basle.
Gandhi has been educated in India and abroad. He has a master’s degree in Economics from the Annamalai University, in Tamil Nadu, India. He also has post graduate level certificates in Management Information System from The American University, Washington DC, USA and in Capital Market from the City University of New York, New York, USA. His technical education includes a certificate course in System Programming from the IBM Education, Sydney, Australia. He also has a certificate in Gandhian Thoughts from the Madurai University, Tamil Nadu, India.
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