Yes Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Postal Ballot Notice
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Yes Bank has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for four key items. The first two resolutions cover the appointment of Mr. Vinay Muralidhar Tonse (former SBI MD for Retail Banking & Operations) as a Director and as Managing Director & CEO for three years effective April 6, 2026, with RBI approval already received on February 3, 2026. The third resolution seeks approval for the re-appointment of Dr. Rajan Pental as Executive Director from February 2, 2026 to July 31, 2026. The fourth resolution seeks approval for material related party transactions with Sumitomo Mitsui Banking Corporation (SMBC), a key shareholder, with an aggregate limit of ₹25,200 crores valid for one year, covering treasury operations, correspondent banking, trade finance, and other banking services.
Shareholders will vote on a new external CEO with strong retail banking credentials, signaling a strategic focus on retail growth. The large ₹25,200 crore related party transaction limit with SMBC reflects deepening ties with the Japanese banking partner and shareholder, which could mean continued capital and business support. Approval of these resolutions would formalize the leadership transition and the ongoing partnership with SMBC.