Yes Bank CEO Prashant Kumar Gets Six-Month Extension

Yes Bank's current boss, Prashant Kumar, is staying in his job a little longer.

He's been given a six-month extension.

This means he'll continue as the MD & CEO until October 6, 2025, or until they find someone new to take over.

He originally helped fix Yes Bank in 2020 and became the boss.

A company called Sumitomo Mitsui is buying a part of Yes Bank.

Also, a ratings company, Moodys, thinks Yes Bank is doing better and has given it a good rating, meaning they think the bank is stronger.