Shares of Yes Bank rose as much as 6 percent on Friday after CEO Ravneet Gill cleared the air surrounding the appointment of RBI ex-deputy governor R Gandhi as an additional director to the bank.

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Yes Bank stock came under pressure as market participants became concerned following the RBI's decision to appoint R Gandhi. In the past, the banking regulator has appointed directors to a company's board to keep a close watch on its operations and bring stability.

The appointment of R Gandhi came after Yes Bank posted its first-ever net loss of Rs 1,506 crore for the March quarter.

In an interview with CNBC-TV18, Gill brushed off concerns and said, "RBI clearly has told us that they see this as an expression of support to the bank and to that extent, I would tend to take it very positively, very constructively."

"Gandhi’s standing and his experience and stature will add a lot to the bank and its overall functioning. So we as a management team, as a board, have welcomed this very positively," Gill said.

At 09:47 AM, the stock price was at Rs 142.45 per share, higher 3.41 percent on the National Stock Exchange.

The Reserve Bank of India (RBI) on Tuesday appointed former Reserve Bank deputy governor R Gandhi as an additional director on the board of Yes Bank. The appointment is for a period of two years with effect from May 14, 2019 to May 13, 2021.

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First Published:May 17, 2019 10:42 AM IST