Prashant Kumar, Managing Director & CEO, Yes Bank
Shareholders of YES Bank LTD (YBL) have approved the extension of the term of PRashant Kumar as managing director and CEO of the bank for the period of 6 October 2025, until 5 April 2026.
Kumar was appointed director and chief executive officer of YBL after the reconstruction of the bank in March 2020. He was again appointed in October 2022 for a further period of 3 years
In June 2025, the bank of the private sector had informed the stock markets that it received the RBI letter in which the supervisor had approved the renewal of Kumar’s term of office as MD & CEO for a further period of six months with effect from 6 October 2025 or as the appointment of New Managing Director and CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/SCEO/SCEO/SCEO/SCEO/SCEO/SCEO/SCEO/SCEO/SCEO/SCEO/CEO/CEO/SCEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO/CEO.
The above developments come at a time when the Japanese Sumitomo Mitsui Banking Corporation (SMBC), a complete subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG), signed a final agreement to acquire a 20 percent share in YBL from the State Bank of India and other large banks.
YBL said that the transaction is an important milestone to stimulate the next phase of growth, profitability and value creation, using the global expertise of SMBC in this phase
Published on August 22, 2025
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