Yes Bank shareholders approve reappointment of MD and CEO Prashant Kumar until April 2026

Yes Bank shareholders have approved the reappointment of Prashant Kumar as Managing Director and Chief Executive Officer until April 2026, extending his tenure beyond October 2025.The approval came during the bank’s 21st Annual General Meeting (AGM) held on August 21.

Shareholders cleared all 11 resolutions, including the adoption of audited standalone and consolidated financial statements for FY 2024–25, appointment of statutory and secretarial auditors, and approval of related-party transactions.

Resolutions passed also included the adoption of the ‘YBL Restricted Stock Units Plan 2025,’ approval of special rights to key stakeholders such as Verventa Holdings, Sumitomo Mitsui Banking Corporation, and State Bank of India, along with authorisation to raise funds through both equity and debt securities.The bank reported a 92.3% year-on-year increase in net profit to ₹2,406 crore for FY 2024–25, supported by higher income, disciplined cost management, and improved asset quality. Deposits crossed ₹2.85 lakh crore, while the CASA ratio stood at 34.3%. Net NPAs declined to 0.3% of net advances, with provision coverage improving to 80%.

Yes Bank highlighted its continued investments in digital platforms, risk management, and ESG initiatives, including migration to renewable energy and alignment with UN Sustainable Development Goals.

The AGM was attended by all 13 board members, including Chairman Rama Subramaniam Gandhi, CEO Prashant Kumar, executive directors, independent directors, and nominee directors from SBI and Verventa Holdings.