Archive · 22 Aug 2025
Yes Bank Extends CEO Prashant Kumar's Tenure for Six Months
Yes Bank's shareholders have agreed to keep Prashant Kumar as the boss (MD & CEO) for six more months.
This means he'll stay in charge until April 5, 2026, or until a new person is hired.
He first became the boss after the bank was fixed in 2020, and he was re-appointed in 2022 for three years.
Also, a Japanese company called SMBC is buying a big part of Yes Bank, which the bank says will help it grow and become more profitable.
Yes Bank shareholders approved a 6-month extension for Prashant Kumar as MD & CEO.
The extension is from October 6, 2025, to April 5, 2026, or until a successor is appointed.
Kumar was appointed as MD & CEO following the bank’s reconstruction in March 2020.
He was re-appointed in October 2022 for three years.
Sumitomo Mitsui Banking Corporation (SMBC) is acquiring a 20% shareholding in Yes Bank.
- Who
- Yes Bank shareholders and Prashant Kumar.
- What
- Shareholders approved a 6-month extension for Prashant Kumar as MD & CEO of Yes Bank.
- When
- The extension is for the period from October 6, 2025, to April 5, 2026.
- Where
- Yes Bank.
- Why
- The extension allows Kumar to continue leading the bank while a successor is sought.
- MD & CEO
- Prashant Kumar
- Extension Period
- October 6, 2025 - April 5, 2026
- Previous Appointment
- October 2022 (3 years)
- Shareholder Approval
- Yes
- SMBC investment
- 20% stake acquisition