Prashant Kumar reappointed as MD & CEO at Yes Bank

Prashant Kumar's reappointment will be effective from October 6, 2025, to April 5, 2026

by e4m Desk
Published: Aug 22, 2025 10:38 AM | 2 min read

Yes Bank has announced the reappointment of Prashant Kumar as the Managing Director and Chief Executive Officer (CEO), the bank informed in a regulatory filing. Kumar's reappointment will be effective from October 6, 2025 to April 5, 2026.

"We would like to inform that the Members of the Bank at its 21st Annual General Meeting held today i.e. on August 21, 2025, has inter-alia approved the extension of tenure i.e. Reappointment of Mr. Prashant Kumar as Managing Director & CEO of the Bank for the period from October 06, 2025 till April 5, 2026 (both days inclusive); including remuneration thereto, the remuneration payable is subject to approval of RBI", the filing read.

Prashant Kumar was appointed as Managing Director & Chief Executive Officer of Yes Bank post Reconstruction of the Bank in March 2020. He was re-appointed in October 2022 for a further period of 3 years.

Under his leadership, the Bank embarked on a transformation journey to emerge as a re-energised, re- capitalised and recalibrated organisation, 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 State Bank of India (SBI). He served SBI in various capacities and has a rich experience in diverse fields ranging from credit to human resources.