Overview
- YES Bank disclosed the RBI clearance via a February 3 letter, confirming a three-year tenure effective from the date he takes charge.
- The appointment requires approval from shareholders before it is formalized.
- Prashant Kumar continues as MD & CEO under an extension that runs until April 2026.
- YES Bank shares rose over 1% to about Rs 21.55 after the approval was disclosed.
- Recent Q3FY26 results showed net profit up 55.42% year on year and net interest income up 10%, with gross NPA at roughly 1.5% and net NPA near 0.3%, as SMBC remains the largest shareholder with a 24.22% stake.