YES BANK LIMITED has informed the stock exchanges about recent changes in its senior management personnel (SMP) due to an internal reorganization within the organization. These changes are in line with the bank’s ongoing efforts to enhance its leadership and adapt to the evolving banking and fintech landscape.

As per the notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank has appointed Mehul Desai, Parminder Singh, and Naveen Chaluvadi to significant leadership roles, effective December 26, 2024. Below are the details of the new appointments:

1. Mr. Mehul Desai

Position: Zonal Head for Large Corporates, West Region
Profile:
Mr. Mehul Desai has been with YES Bank since January 2011 and brings 19 years of extensive experience in corporate banking and corporate finance. His leadership journey at the bank includes overseeing the Renewables sector and managing the Energy, Telecom, Media, and Infrastructure divisions within the West & South regions. His previous roles included leadership positions in corporate banking at ICICI Bank. He is a Chartered Accountant, well-versed in corporate finance, and is known for his ability to drive strategic business growth in key sectors.

2. Mr. Parminder Singh

Position: Zonal Head for Large Corporates, North, East, and South Regions
Profile:
Parminder Singh joined YES Bank in April 2022, bringing with him 20 years of experience in corporate banking. He is an expert in business development, relationship management, credit underwriting, and team leadership. Before joining YES Bank, Mr. Singh worked with RBL Bank and JP Morgan Chase, enriching his experience in the private sector wholesale banking space. He holds an MBA and a Bachelor of Technology in Chemical Engineering, making him well-equipped for managing complex corporate banking operations across multiple regions.

3. Mr. Naveen Chaluvadi

Position: Chief Digital Officer
Profile:
Naveen Chaluvadi has been with YES Bank since August 2013 and currently serves as the Chief Digital Officer. His responsibilities focus on driving the bank’s digital banking initiatives, collaborating with the fintech ecosystem to develop innovative payment solutions, and advancing UPI, cobranded wallets, and other solutions in partnership with NPCI, Visa, and Mastercard. His work has positioned YES Bank as a Fintech-Friendly institution and significantly enhanced the bank's digital interfaces. Mr. Chaluvadi holds a Post Graduate Diploma in Management from IIM Ahmedabad and has over 16 years of experience in the digital banking space.

Significance of the Changes

These appointments reflect YES Bank's strategic focus on regional leadership and digital banking transformation. The internal reorganization aims to ensure that the bank continues to strengthen its position in the highly competitive Indian banking sector, where digitalization and corporate banking are playing an increasingly important role.

YES Bank continues to focus on its corporate banking and digital transformation strategies, building upon the strong leadership of Desai, Singh, and Chaluvadi. These changes are expected to streamline decision-making, improve service offerings, and drive the bank’s growth, especially in large corporates and the rapidly evolving fintech sector.

The Upcoming IPOs in this week and coming weeks are Citichem India, Indo Farm, Technichem Organics, Leo Dry Fruits, Solar91 Cleantech, Rosmerta Digital and Avanse Financial.

The Current active IPO is Anya Polytech and Unimech Aerospace.

For more details on upcoming IPOs, you can visit our page at  and stay updated with the latest news on IPO updates on . Join our  for regular Stock Market Trading and Investment Calls by  - SEBI Registered Research Analyst &  for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance SaathiTop News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance SaathiTrading with CA Abhay Telegram ChannelCA Abhay VarnFinance Saathi Telegram ChannelChoice Broking FinX.