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 reorganised its Senior Management Personnel (SMP), effective May 13, 2025. Mr. Mehul Desai has ceased to be an SMP, while three others have been elevated to SMP status: Mr. Santosh Mishra as Business Head – PSL and Microfinance, Mr. Mukesh Kumar as National Head – Project Finance and Loan Syndication, and Mr. Ashish Dadhich as Country Head – Financial Institutions. All changes are part of an internal re-organisation rather than external hiring or resignations. The disclosure has been filed under SEBI Listing Regulations and the relevant profiles indicate these are long-tenured internal candidates with deep banking experience.
This is a routine internal reshuffle of senior roles and is unlikely to have any material impact on the stock price or shareholder value. Investors may note the continued emphasis on priority sector lending, project finance, and financial institutions verticals.