RBI approves reappointment of Prashant Kumar as MD and CEO of Yes Bank

7 Oct 2022 , 09:18 AM

Yes Bank informed that RBI on October 06, 2022 has approved the appointment of Prashant Kumar as the MD &CEO of the Bank for a period of three (3) years effective from October 06, 2022, subject to approval of shareholders.

Prashant Kumar was appointed as Managing Director & Chief Executive Officer of YES Bank post the Reconstruction in March 2020.

Under his leadership, the Bank embarked on transformation journey to emerge as a re-energized, re-capitalized and recalibrated organization, while continuing to fulfill its unwavering commitment towards its customers and stakeholders.

This has been one of the rare instances, where an Indian banking institution has been a real turnaround from the brink of collapse within an extremely short time frame of just one year.

Prior to joining YES Bank, Kumar was Deputy Managing Director & CFO of SBI, India’s largest Bank. He served the Bank in various capacities and has a rich experience in diverse fields ranging from credit to human resources. He joined the Bank as Probationary Officer in 1983 and during his 34 years of service with the Bank, he has held various key assignments.

He holds degree in Science and a law from Delhi University.

At around 9:18 AM, Yes Bank Ltd is currently trading at Rs16.60 per share up by Rs0.1 or 0.61% from its previous closing of Rs16.50 per share on the BSE.

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