YES Bank Limited announced the extension of tenure of Mr. Prashant Kumar as the Managing Director & CEO of the Bank for the period from October 6, 2025, to April 5, 2026, as approved by the Members of the Bank at the 21st Annual General Meeting held on August 21, 2025. The remuneration payable to Mr. Kumar during this period is subject to RBI approval. This decision has been made in accordance with Regulation 30 of the SEBI Listing Regulations and relevant SEBI circulars.

Mr. Kumar has been a central figure in YES Bank’s recovery and growth post its reconstruction in March 2020, when he was appointed Managing Director & CEO. He has led the Bank through a transformation journey, ensuring it became a re-energised, recapitalised, and recalibrated organization while maintaining steadfast commitment to its customers and stakeholders. The turnaround achieved under his leadership is recognized as one of the rare instances where an Indian bank was successfully revived from the brink of collapse in a remarkably short timeframe of just one year.

Before joining YES Bank, Mr. Kumar served as Deputy Managing Director & CFO at State Bank of India (SBI), India’s largest banking institution. His 34-year tenure at SBI included a diverse range of roles, from credit management to human resources, including senior positions such as Deputy Managing Director (HR & Corporate Development), Deputy Managing Director & COO, Chief General Manager, General Manager, and faculty at SBI’s Apex Training Institute.

Mr. Kumar holds a degree in Science and a Law degree from Delhi University. There are no relationships between him and any other directors of YES Bank.

This reappointment reflects the Bank’s confidence in Mr. Kumar’s strategic leadership and proven ability to guide YES Bank through complex challenges while positioning it for long-term sustainable growth in the Indian banking sector.

The Upcoming IPOs in this week and coming weeks are Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Anondita Medicare, Classic Electrodes (India), Vikran Engineering, Shivashrit Foods.

The Current active IPO are ARC Insulation & Insulators, Mangal Electrical Industries, LGT Business Connextions, Vikram Solar, Gem Aromatics, Shreeji Shipping Global, Patel Retail.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.