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 (covering Government, MNC & New Economy Business, and IBU), effective April 9, 2026, with his final day at the bank on May 31, 2026. Ajay Rajan cited 'better profile' as the reason for his departure after an 8.5-year tenure with the bank. The resignation was submitted on April 9, 2026, and the disclosure was filed on May 20, 2026. The bank confirmed it received the resignation letter and will host the filing on its website as required under SEBI Listing Regulations. Ajay Rajan offered full cooperation for a smooth transition and expressed gratitude to the MD&CEO, Board, and his team. No successor has been named in this disclosure.
This is a routine senior management departure and does not involve key managerial personnel (KMP) such as CEO, CFO, or Executive Directors. However, Ajay Rajan held a significant business portfolio, and the market will watch for the bank's next appointment in Transaction Banking.