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23Rd Aug 2016
Former head of the Competition Commission of
India (CCI) Ashok Chawla will take over as the non-executive part-time chairman
of YES Bank -- the country's fifth-largest private sector bank -- in October as
the RBI has given approval for the appointment, the bank said on Monday. The Total Investment & Insurance
Solutions
Chawla, who is chairman of the National Stock
Exchange (NSE), will take charge with effect from October 30 for a period of
three years upon the expiry of the term of the current chairperson Radha Singh,
the bank said in a statement. The Total
Investment & Insurance Solutions
Chawla, currently an independent director in
the bank, was appointed on the Board on March 5 this year.
A civil servant, Chawla has been posted as
Secretary in ministries such as Finance, Economic Affairs and Civil Aviation. The Total Investment & Insurance
Solutions
He has been on the Boards of the RBI,
Insurance Regulatory and Development Authority, State Bank of India and Life
Insurance Corporation of India. He was also at different points in time India's
Executive Director on the International Fund for Agricultural Development,
Alternate Governor for India at the World Bank and at the Asian Development
Bank.
After his retirement from the civil service,
he was appointed as the Chairman of the CCI for the period 2011-2016. The Total Investment & Insurance
Solutions
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