Key Event: Interim CVO Appointment

Following the cessation of Mr. Binu Soman as Chief Vigilance Officer (CVO) due to resignation (previously intimated via Ref No. YBL/CS/2026-27/92 dated September 15, 2026), the Bank has designated Mr. Harish Sehgal as the interim CVO.

Appointment Details

  • Name of Appointee: Mr. Harish Sehgal
  • Effective Date: September 16, 2026
  • Nature of Appointment: Interim appointment until a new CVO is appointed
  • Concurrent Responsibilities: Mr. Sehgal will continue to discharge his existing responsibilities as Head – AML & Principal Officer of the Bank
  • Reporting Line: Will report to the Managing Director & CEO of the Bank
  • Designation: Designated as a Senior Management Personnel (SMP) of the Bank with effect from September 16, 2026

Professional Profile of Mr. Harish Sehgal

Mr. Harish Sehgal has extensive experience in the banking industry with expertise in:

  • AML (Anti-Money Laundering)
  • Fraud risk management
  • Investigations
  • Sanctions compliance
  • Transaction monitoring
  • Regulatory compliance functions

Professional Background

  • Prior to YES BANK: Worked as a Vigilance Officer with HDFC Bank for approximately 2 years
  • YES BANK Tenure: 15 years with the bank
  • YES BANK Experience: Built a strong portfolio across AML and RICU (Retail Investment Credit Unit)
  • Spent nearly 11 years within RIC, supporting Retail Asset and SME businesses
  • Served as the National RCU Head (Retail Credit Unit)

Key Strengths

  • Designing and strengthening AML frameworks
  • Enhancing governance structures
  • Managing regulatory inspections
  • Mitigating financial crime risks while enabling business growth
  • Stakeholder management and cross-functional collaboration
  • Team leadership and driving strategic initiatives
  • Ensuring compliance with evolving regulatory requirements

Additional Information

  • The disclosure has been hosted on the Bank's website www.yes.bank.in pursuant to Listing Regulations
  • BSE Scrip Code: 532648
  • NSE Symbol: YESBANK

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