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Yes Bank names nonexecutive part-time chairman

India's Yes Bank Ltd. appointed Brahm Dutt nonexecutive part-time chairman, confirming prior reports.

The Reserve Bank of India approved Dutt's appointment to the role until July 4, 2020.

Dutt has been an independent director on the bank's board since July 2013. His appointment follows the resignation of Ashok Chawla as the bank's nonexecutive independent chairman in November 2018.