Yes Bank CEO Prashant Kumar receives tenure extension
The Reserve Bank of India (RBI) has given Yes Bank CEO Prashant Kumar six more months at the top, starting October 6, 2025—or until a new CEO steps in. The move is all about keeping things steady and smooth at Yes Bank while they search for fresh leadership.
Kumar's journey and bank's turnaround
Kumar took charge in March 2020, right when Yes Bank needed a turnaround. Since then, he's helped boost deposits, grow retail lending, and clean up the bank's finances. His extension means there won't be any sudden changes as the hunt for a new CEO continues.
Kumar's experience in banking sector
Kumar brings over 30 years of banking experience to the table. Before joining Yes Bank, he spent decades at State Bank of India (SBI), holding key roles like deputy managing director and chief financial officer. His steady hand has been crucial in guiding Yes Bank through some tough times.