Overview
- Gandhi will serve from September 20, 2025 to May 13, 2027, with remuneration approved by the RBI.
- YES Bank disclosed the approval in an exchange filing after market hours on September 1.
- The bank said he is not debarred by SEBI or any authority and is not related to other directors or key managerial personnel.
- Shares ticked up intraday to Rs 19.63 from a low of Rs 19.37 following the disclosure.
- Recent context includes RBI clearance for SMBC to buy up to 24.99% as a public shareholder, a 59% year-on-year profit rise to Rs 801 crore in the June 2025 quarter, and cautious views from Emkay and technical analysts indicating downside risks.