Yes Bank chief Prashant Kumar gets 6-month extension
Private lender
Yes Bank
on Friday said that the Reserve Bank of India (RBI) has given an extension to CEO
Prashant Kumar
until his successor is appointed. The lender in a letter to stock exchanges said that the regulator had approved the extension for an additional six months starting from October 6, 2025.
The extension will remain in effect until a new Managing Director and CEO is appointed and assumes charge, whichever is earlier, the bank said.
The decision ensures continuity in the bank's leadership as it undergoes the process of identifying and appointing a suitable successor.
by Taboola
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Kumar has been at the helm of Yes Bank since March 2020, a crucial period of its transformation and stabilisation, following significant financial and operational restructuring.
Under Kumar, the lender has grown its total deposits 2.7 times in the last 5 years to Rs 2.85 lakh crore at the end of March 2025. Its retail advances have also grown 2.5 times since March 2020 to Rs 1.02 lakh crore at the end of March 2025. It's significantly improved its asset quality with gross non-performing ratio at 1.6% at the end of March 2025 versus 16.8% in March 2020.
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