Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Change in Senior Management Personnel (SMP)
YESBANK · price
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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 'better profile' as the reason and was officially relieved from services on May 31, 2026. Mr. Rajan served with the bank for approximately 8.5 years and in his farewell letter expressed gratitude to the MD&CEO, Board of Directors, and the Yes Bank family. The bank stated he will remain a brand advocate. This is a standard SMP-level change and does not involve any KMP positions.
This resignation at the business head level may have minor operational impact but appears to be a voluntary transition for career growth. No material impact on stock price expected unless critical business responsibilities are affected without immediate replacement.