Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Senior Management Personnel (SMP)
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Yes Bank has disclosed the resignation of Mr. Ajay Rajan, Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU. He tendered his resignation on April 09, 2026, citing pursuit of a better profile, and will be relieved from services on May 31, 2026. Mr. Ajay Rajan served at the bank for 8.5 years in various senior capacities. The resignation is voluntary and driven by personal career growth rather than any concerns about the bank's operations or governance. The bank will need to identify a replacement for this senior management role handling transaction banking for key segments.
This is a routine mid-level senior management departure with no governance concerns. The resignation for a better profile suggests normal talent attrition rather than institutional issues. Stock impact is likely minimal unless a critical replacement is delayed.