Yes Bank Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )- Extension of tenure i.e. Re-appointment of Managing Director & CEO of YES Bank Limited
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Yes Bank shareholders at the 21st Annual General Meeting held on August 21, 2025 approved the extension of tenure of Mr. Prashant Kumar as Managing Director & CEO for a period from October 6, 2025 to April 5, 2026. Mr. Kumar, who was first appointed as MD & CEO in March 2020 after the bank's reconstruction, was previously re-appointed in October 2022 for a 3-year term. His remuneration is subject to RBI approval, and the bank confirmed he is not debarred from holding a directorship by SEBI or any other authority.
This re-appointment provides leadership continuity at the top of Yes Bank, which is generally seen as a positive sign for stability. Investors may view it as reducing uncertainty, though the short extension (about 6 months) suggests a longer-term succession decision is still pending.