YES Bank Gets RBI Approval to Re-appoint Dr Rajan Pental as Executive Director

Mumbai, January 21, 2026 – YES BANK Limited has secured regulatory approval from the Reserve Bank of India (RBI) for the re-appointment of Dr. Rajan Pental as an Executive Director, as the private sector lender looks to ensure leadership continuity.

Key Approval Details:

Regulatory Green Light: The RBI, via a letter dated January 21, 2026, has approved the re-appointment of Dr. Pental for an additional period of six months.
Tenure: His new term will be effective from February 2, 2026, to July 31, 2026, which coincides with his superannuation (retirement) date.
Shareholder Approval Pending: As per corporate governance norms, this re-appointment is still subject to approval by the shareholders of YES BANK at a forthcoming general meeting.

Profile of Dr. Rajan Pental:

A veteran with over three decades of experience in financial services, Dr. Pental is a key figure in YES BANK's management. He joined the bank in November 2015 and currently oversees a vast portfolio critical to the bank's retail and operational engine. His responsibilities include:

Retail & Business Banking: Branch Banking, Retail Assets, SME Banking, Rural & Agriculture Banking, and Affluent Banking (YES Private).
Digital & Products: Credit Cards, Liabilities Product Management, Marketing, and Banking Operations.
Support Functions: Corporate Social Responsibility (CSR), Retail Collections, and Business & Technology Solutions.

Prior to YES BANK, Dr. Pental spent 14 years at HDFC Bank, where he played a pivotal role in building and institutionalizing the retail assets business. He holds an MBA and an honorary Ph.D. related to banking digitalization.

Significance of the Move:

This re-appointment ensures stability in the bank's senior leadership during a period of continued transformation and growth. Dr. Pental's extensive experience in retail banking, digital initiatives, and operational management is seen as valuable for YES BANK's ongoing strategy to strengthen its retail franchise and enhance customer offerings.

The bank has confirmed that Dr. Pental is not debarred from holding a directorship by SEBI or any other authority. Detailed information regarding this appointment has been disclosed to the stock exchanges and is available on YES BANK's website (www.yes.bank.in).