Yes Bank gets upgrade, CEO's term extended
Representative image
MUMBAI:RBI has extended Yes Bank MD and CEO
Prashant Kumar
's term by six months indicating that the bank's board will need to start the process of identifying a successor.
The extension, approved through a letter dated June 12, is effective from Oct 6, 2025, or until a new CEO takes charge, whichever is earlier. Moody's, meanwhile, has upgraded
Yes Bank
's long-term deposit and issuer ratings to Ba2 from Ba3.
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