RBI’s Vote of Confidence—Prashant Kumar Gets Six More Months at Yes Bank

The Reserve Bank of India (RBI) has granted the six-month extension to Yes Bank's Managing Director & CEO Prashant Kumar from October 6, 2025, or until a new CEO is appointed finally. The decision is taken while the bank is still on the lookout to appoint a replacement, hiring global search consultant Egon Zehnder to assist in the exercise.

 

Key Highlights

Industry Impact & Future Outlook

The extension ensures leadership continuity during Yes Bank's stakeholder changes and strategic growth plans. Investors are watching developments closely, particularly SMBC's proposed raise in stake that can redefine the bank's ownership pattern.

 

Sources: Moneycontrol, MSN, Business Standard