Prashant Kumar gets extension as MD and CEO of YES Bank
Mr. Prashant Kumar was appointed as Managing Director & Chief Executive Officer of YES BANK post reconstruction of the Bank in March 2020.
Prashant Kumar gets extension as MD and CEO of YES Bank
Mumbai, 22 August 2025: The Board of Directors of YES Bank has approved the extension of tenure of Mr. Prashant Kumar as Managing Director & CEO of the Bank for the period from October 6, 2025, till April 5, 2026 (both days inclusive). Hence, he is reappointed as MD and CEO of the bank for six months.
Mr. Prashant Kumar was appointed as Managing Director & Chief Executive Officer of YES BANK post reconstruction of the Bank in March 2020.
He was reappointed 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, recapitalised, and recalibrated organisation, while continuing to fulfil its unwavering commitment towards its customers and stakeholders.
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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, Mr. Kumar was Deputy Managing Director & CFO of State Bank of India (SBI), India’s largest Bank. He served SBI in various capacities and has a rich experience in diverse fields ranging from credit to human resources.
He joined the SBI as a Probationary Officer in 1983, and during his 34 years of service with SBI, he has held various key assignments, including Dy. Managing Director (HR) & Corporate Development Officer, Dy. Managing Director & Chief Operating Officer, Chief General Manager, Kolkata Circle, General Manager, Local Head Office Mumbai, DGM (Industrial Relations), and faculty in SBI’s Apex Training Institute—State Bank Academy, Gurugram. He holds degrees in science and law from Delhi University.
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