{"id":227421,"date":"2020-03-21T12:21:26","date_gmt":"2020-03-21T06:51:26","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=227421"},"modified":"2020-03-21T12:21:26","modified_gmt":"2020-03-21T06:51:26","slug":"reserve-bank-appoints-additional-directors-on-the-board-of-yes-bank-ltd","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/21\/reserve-bank-appoints-additional-directors-on-the-board-of-yes-bank-ltd\/","title":{"rendered":"Reserve Bank appoints Additional Directors on the board of Yes Bank Ltd."},"content":{"rendered":"

In terms of paragraph 5 (3) of the \u2018Yes Bank Ltd. Reconstruction Scheme, 2020\u2019 notified by Government of India on March 13, 2020 and in exercise of powers conferred to it under sub section (1) of Section 36 AB of the Banking Regulation Act, 1949, Reserve Bank has appointed Shri R Gandhi (former Deputy Governor, Reserve Bank of India) and Shri Ananth Narayan Gopalakrishnan (Associate Professor, S P Jain Institute of Management and Research) as additional directors on the board of Yes Bank Limited<\/span>, w.e.f. March 26, 2020 for a period of two years.<\/p>\n

\n

Reserve Bank of India<\/strong><\/p>\n

[Press Release dt. 20-03-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In terms of paragraph 5 (3) of the \u2018Yes Bank Ltd. Reconstruction Scheme, 2020\u2019 notified by Government of India on March 13, <\/p>\n","protected":false},"author":8808,"featured_media":108551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,2],"tags":[40133,40135,6111,40134,2732],"class_list":["post-227421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-appointments","category-news","tag-additional-directors-of-yes-bank-limited","tag-ananth-narayan-gopalakrishnan","tag-appointment","tag-r-gandhi","tag-Reserve_Bank_of_India"],"yoast_head":"\nReserve Bank appoints Additional Directors on the board of Yes Bank Ltd. | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/21\/reserve-bank-appoints-additional-directors-on-the-board-of-yes-bank-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reserve Bank appoints Additional Directors on the board of Yes Bank Ltd.\" \/>\n<meta property=\"og:description\" content=\"In terms of paragraph 5 (3) of the \u2018Yes Bank Ltd. 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The Reserve Bank invites suggestions and comments from members of public, including the banks' shareholders, depositors and creditors on the draft scheme. The draft scheme has also been sent to\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":227027,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/14\/central-govt-notifies-yes-bank-ltd-reconstruction-scheme-2020\/","url_meta":{"origin":227421,"position":2},"title":"Central Govt. notifies — Yes Bank Ltd. Reconstruction Scheme, 2020","author":"Bhumika Indulia","date":"March 14, 2020","format":false,"excerpt":"G.S.R. 174(E).\u2014Whereas, the Yes Bank Limited is a banking company registered under the Companies Act, 1956 (1 of 1956) and carrying on the business of banking in India; And whereas, the rapidly deteriorating financial position of the Yes Bank Limited relating to liquidity, capital and other critical parameters, and the\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":224658,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/28\/rbi-imposes-monetary-penalty-on-jaiprakash-narayan-nagari-sahakari-bank-ltd\/","url_meta":{"origin":227421,"position":3},"title":"RBI imposes monetary penalty on Jaiprakash Narayan Nagari Sahakari Bank Ltd.","author":"Bhumika Indulia","date":"January 28, 2020","format":false,"excerpt":"The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed a monetary penalty of Rs 1.00 lakh on -- Jaiprakash Narayan Nagari Sahakari Bank Ltd., Basmatnagar, Dist Hingoli (the bank) for non-compliance with directions issued by RBI on director related loans. 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Shivalik Mercantile\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":226608,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/06\/rbi-yes-bank-ltd-placed-under-moratorium\/","url_meta":{"origin":227421,"position":5},"title":"RBI | Yes Bank Ltd. placed under Moratorium","author":"Bhumika Indulia","date":"March 6, 2020","format":false,"excerpt":"The financial position of Yes Bank Ltd. (the bank) has undergone a steady decline largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering the invocation of bond covenants by investors, and withdrawal of deposits. The bank has also experienced serious\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/227421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=227421"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/227421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/108551"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=227421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=227421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=227421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}