YES Bank has completed the allotment of equity shares under its employee stock option schemes, marking another step in its ongoing employee compensation programs. The bank's Nomination & Remuneration Committee approved the allotment on March 20, 2026.

Share Allotment Details

The bank allotted 1,26,250 equity shares with a face value of Rs. 2 each through the exercise of stock options under two key schemes - the YBL PESOP 2020 Plan under YBL ESOS 2020 Scheme and the YBL RSU Plan 2024.

Impact on Share Capital

The allotment has resulted in an increase in the bank's paid-up share capital structure. The capital expansion reflects the bank's commitment to its employee stock option programs.

Regulatory Compliance

The bank has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the allotment. The relevant information is being hosted on the bank's website at www.yes.bank.in in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

The communication was signed by Sanjay Abhyankar, Company Secretary, confirming the bank's adherence to corporate governance and transparency requirements in executing its employee stock option plans.

YES Bank Limited has officially appointed Mr. Vinay Muralidhar Tonse as Managing Director & Chief Executive Officer (Designate), marking a significant leadership transition for the private sector lender. The appointment has received the Reserve Bank of India's approval for his role as MD & CEO for a 3-year term.

Leadership Transition Timeline

The bank's Board of Directors, based on the Nomination and Remuneration Committee's recommendation, has structured a phased transition to ensure operational continuity:

Mr. Tonse will serve as MD & CEO Designate from March 12, 2026 to April 05, 2026 to facilitate smooth transition and familiarize himself with the bank's business and operations. He will formally assume charge as MD & CEO on April 06, 2026, succeeding current MD & CEO Prashant Kumar, who demits office on April 05, 2026.

Professional Background and Experience

Mr. Vinay M. Tonse brings extensive banking expertise, having most recently served as Managing Director (Retail Business and Operations) at State Bank of India from November 2023 to November 2025. In this role, he managed SBI's entire domestic network comprising:

Career Journey and Qualifications

Mr. Tonse holds a B.Com from St. Joseph College of Commerce, Bangalore, and a Master's in Commerce from Bangalore University. He began his banking career with SBI in 1988 as a Probationary Officer and has accumulated diverse experience across various banking functions including:

• Corporate Credit and International Banking
• Treasury Operations and Equity Portfolio Management
• Retail Banking and Agriculture & Rural Banking
• Training and business operations

Key Leadership Roles

Throughout his career, Mr. Tonse has held several significant positions, including a notable deputation as Managing Director & CEO of SBI Mutual Funds from June 2020 to December 2022, where he led India's largest Asset Management Company. He also served as Chief General Manager of SBI's Chennai Circle from June 2018 to June 2020.

His international experience includes serving as Chief Executive Officer of SBI's Osaka Branch in Japan from August 2009 to June 2013, and working with the Credit/Forex Offshore Banking Unit in Singapore. Other notable assignments include roles in treasury marketing, equity & commodities, and corporate accounts management across various SBI locations.

Regulatory Compliance

The appointment disclosure has been made available on the bank's website at www.yes.bank.in in compliance with listing regulations. YES Bank will provide further intimation to stock exchanges when Mr. Tonse formally assumes charge as Managing Director & CEO.