Key Quantitative Figures
Not applicable for this personnel change disclosure.
Dates of Action
- Resignation tendered by Mr. Ajay Rajan: April 09, 2026.
- Relieved from duties: May 31, 2026.
- Disclosure letter date: May 31, 2026.
- Digital signature date: May 31, 2026 at 18:39:16 IST.
Parties or Entities Involved
- Resigning Employee: Mr. Ajay Rajan, Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU.
- Recipient of Resignation: Mr. Manish Jain, Executive Director, YES BANK Limited.
- Company Official Signing Disclosure: Mr. Sanjay Abhyankar, Company Secretary.
- Regulatory References: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- Stock Exchanges: National Stock Exchange of India Limited (NSE Symbol: YESBANK) and BSE Limited (BSE Scrip Code: 532648).
Purpose or Stated Rationale
The reason for the change in senior management is the resignation of Mr. Ajay Rajan, which was submitted "on account of better profile."
Financial or Operational Impact
The disclosure does not quantify any financial or operational impact resulting from this management change.
Capital Structure Impact
No impact on the bank's capital structure is mentioned.
Cash Flow Implications
No cash flow implications are disclosed.
Forward-Looking Guidance or Management Commentary
No forward-looking guidance or management commentary is provided in the disclosure. The enclosed resignation letter from Mr. Ajay Rajan expresses gratitude for his 8.5-year tenure, pride in the institution's resilience, and confidence in the bank's future success. It also assures full cooperation for a smooth transition.