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 and was relieved from duties on May 31, 2026. The reason cited is 'better profile', indicating he left for a career opportunity elsewhere. Mr. Rajan had served the bank for approximately 8.5 years in various senior capacities. The bank has confirmed this is a routine Senior Management Personnel (SMP) change under SEBI Regulation 30 and has attached the resignation letter and relevant annexures as per regulatory requirements.
This is a routine senior management change with minimal direct impact on shareholders. While the departure of a senior banker may create a temporary gap in the Transaction Banking division, the resignation appears to be a personal career move rather than indicating any governance or operational concerns at the bank.