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Ashok Chawla named part-time chairman of YES Bank
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.
 
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.
 
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.
 
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. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Schools in Allahabad, Varanasi closed due to floods
Flood situation in many parts of Uttar Pradesh has worsened and schools were closed for the next few days in Allahabad and Balia, officials said on Tuesday.
 
With the raging waters of Ganga river entering the city in Allahabad, district magistrate Sanjay Kumar ordered closure of the schools for the next two days.
 
In Allahabad, Indian Air Force choppers were being used to drop relief material, food and other commodities in the flood hit areas.
 
More than 45 localities have been hit by the floods and water has entered thousands of homes in Allahabad.
 
All schools in Ballia have been closed till August 27, district magistrate Govind Raju said.
 
An embankment here started breaching late on Monday after which the Army was requisitioned and people evacuated.
 
The breach has since been plugged, an official told IANS.
 
Over 16 lakh people have been affected by the floods in Poorvanchal -- eastern Uttar Pradesh, alone and a huge population was relocated, the official said.
 
More than 200 villages have been affected in Varanasi and 500 houses were under water due to the raging Varuna river here.
 
National Disaster Response Force personnel have been involved in rescue operations in five flood hit districts of Gonda, Ballia, Varanasi, Balrampur and Allahabad.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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