Yes Bank has reappointed Prashant Kumar as its Managing Director and Chief Executive Officer, extending his tenure from October 6, 2025, to April 5, 2026 (both dates inclusive). The reappointment, approved by shareholders at the bank’s 21st Annual General Meeting (AGM) held on August 21, 2025, remains subject to clearance of remuneration terms by the Reserve Bank of India (RBI).
A seasoned banker and former Deputy Managing Director and CFO at State Bank of India, Kumar has overseen a crucial turnaround phase, including recapitalisation, improved asset quality, and the restoration of depositor confidence.
His leadership term was earlier extended in October 2022 for three years, followed by a further six-month extension in June 2025, as the RBI evaluated the bank’s succession planning.
