Yes Bank on Tuesday announced that the Reserve Bank of India (RBI) has cleared the reappointment of former RBI Deputy Governor Rama Subramaniam Gandhi as its non-executive, part-time chairman.
Key Highlights
- RBI reappoints former Deputy Governor R. Gandhi as Yes Bank’s part-time chairman through May 2027.
- Gandhi brings over 37 years of experience, having also served at SEBI and IDRBT.
According to a letter dated September 1, 2025, the RBI has approved Gandhi’s tenure from September 20, 2025, to May 13, 2027, with remuneration finalized by the central bank. The bank disclosed the development in a regulatory filing, highlighting that Gandhi’s continued leadership will enhance its governance and strategic oversight.
Gandhi brings with him over 37 years of experience as a seasoned central banker. He served as Deputy Governor of the RBI between 2014 and 2017, handling key portfolios including currency management, financial inclusion, and payment systems.
His career also included a three-year secondment to the Securities and Exchange Board of India (SEBI), India’s capital markets regulator, where he contributed to strengthening market supervision and regulatory policies. Additionally, Gandhi served as Director of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad, a premier institution driving innovation in banking technology.
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Yes Bank stated that his reappointment reaffirms the lender’s focus on robust governance practices and strategic stability as it continues to strengthen its position in India’s banking sector.
