Summary of Key Information:

Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Senior Management Personnel

Management Changes:

Appointment:

Mr. Sai Venkataramana Kosuri, currently Head Legal Retail and Business Banking of the Bank, has been appointed as the new Chief Vigilance Officer (CVO) and Senior Management Personnel (SMP) of the Bank.

  • Effective Date: November 25, 2026
  • Term of Appointment: 3 years (from November 25, 2026 till November 24, 2029)
  • He will discharge responsibilities exclusively in the capacity of Chief Vigilance Officer (CVO) from the effective date.

Cessation:

Mr. Harish Sehgal (Head – AML & Principal Officer), who has been serving as Interim Chief Vigilance Officer and SMP since September 16, 2026, will demit the office of Interim Chief Vigilance Officer.

  • Effective Date: November 24, 2026 (end of business hours)
  • He will continue/re-designated as Head – AML & Principal Officer of the Bank and cease to be classified as an SMP of the Bank.

Background Context:

This change follows the Bank's previous intimation dated September 16, 2026 (Ref No. YBL/CS/2026-27/94) regarding the cessation of the then Chief Vigilance Officer (CVO) due to the resignation of Mr. Binu Soman, after which Mr. Harish Sehgal was designated as interim CVO.

Approval Process:

The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee of the Bank.

Professional Profile of New CVO:

Mr. Sai Venkataramana Kosuri brings over 22 years of extensive legal experience across the banking and financial services industry. His expertise includes:

  • Retail and Branch Banking
  • Strategic legal advisory
  • Retail Assets
  • Business Banking
  • Debt management
  • Collections
  • Regulatory matters

His career includes previous roles at HDFC Bank as Head Legal & Senior Vice President - Retail Assets & Debt Management, National Legal Manager with Centurion Bank of Punjab, and Manager - Legal & Collections with GE Capital.

Disclosure Requirements:

The information required under Regulation 30 of the SEBI Listing Regulations is provided in Annexure A to the filing.