Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Change in Senior Management Personnel (SMP) of the Bank.
Awaiting price reaction for this filing.
Yes Bank has informed the stock exchanges about the resignation of Mr. Sanjiv Roy, who served as Country Head – Fee Based Products. He tendered his resignation on April 3, 2025, citing a desire to pursue career aspirations and opportunities outside the bank. He was relieved from his duties at the close of business hours on June 3, 2025. Mr. Roy had been with Yes Bank for over six years and led the Fee Based Business (FBB) unit, which reportedly delivered over 40% CAGR in fee growth over the last five years. The disclosure has been made under SEBI Listing Regulations, and the resignation letter has been attached as part of the filing.
This is a routine senior-level exit and unlikely to have a material impact on the bank's operations or stock price, though it represents the loss of a senior leader in a key fee-generating vertical. Investors should watch for any successor announcement to ensure continuity in the FBB unit.