YES Bank has announced a major leadership transition with the appointment of Mr. Vinay Muralidhar Tonse as the new Managing Director & Chief Executive Officer, effective April 06, 2026. This change follows the completion of Mr. Prashant Kumar's tenure, who ceased to hold office on April 05, 2026.

Leadership Transition Details

The bank disclosed the leadership change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transition represents a planned succession as Mr. Kumar completed his designated tenure period.

New CEO's Professional Background

Mr. Vinay Muralidhar Tonse brings extensive banking experience to his new role. Most recently, he served as Managing Director (Retail Business and Operations) at State Bank of India from November 2023 to November 2025. In this capacity, he managed SBI's entire domestic network consisting of nearly 23,000 branches with approximately 2,33,426 employees and business levels of Rs.76 lac crore as of November 30, 2025.

Educational Qualifications and Career Journey

Mr. Tonse holds a B.com degree from St. Joseph College of Commerce, Bangalore, and a Master's in Commerce from Bangalore University. He began his banking career in 1988 as a Probationary Officer with SBI 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 Development

Key Professional Assignments

Throughout his career, Mr. Tonse has held several significant positions that demonstrate his comprehensive understanding of banking operations:

Regulatory Compliance and Approvals

The appointment has been made on terms and conditions, including remuneration, as approved by the Reserve Bank of India and is subject to shareholder approval. YES Bank has confirmed that Mr. Tonse is not debarred from holding the office of director by SEBI or any other regulatory authority, in compliance with exchange circulars dated June 20, 2018.

Corporate Governance

The transition reflects YES Bank's commitment to maintaining strong leadership continuity while ensuring compliance with all regulatory requirements. The bank has fulfilled all disclosure obligations under the listing regulations and has made the relevant information available on its website at www.yes.bank.in as required by the amended listing regulations.

YES Bank has announced its provisional business update for the quarter and year ended March 31, 2026, showcasing strong growth momentum across its core banking operations. The update, released under Regulation 30 of SEBI listing requirements, highlights significant improvements in the bank's loan portfolio and deposit base.

Strong Loan Portfolio Growth

The bank's loans & advances portfolio demonstrated robust expansion, reaching ₹2,72,454 crores as of March 31, 2026. This represents a substantial year-on-year growth of 10.7% from ₹2,46,188 crores recorded in March 2025. On a quarterly basis, the loan book grew by 5.8% from ₹2,57,451 crores in December 2025.

Impressive Deposit Mobilization

YES Bank's deposit mobilization showed even stronger performance, with total deposits reaching ₹3,18,970 crores as of March 31, 2026. This marked a significant 12.1% year-on-year increase from ₹2,84,525 crores in March 2025, and a quarterly growth of 9.0% from ₹2,92,524 crores in December 2025.

The bank's CASA (Current Account Savings Account) deposits grew to ₹1,11,960 crores, representing a healthy 14.9% year-on-year growth from ₹97,480 crores. The CASA ratio improved to 35.1% including Certificate of Deposits, compared to 34.3% in the previous year.

Key Financial Ratios and Liquidity Metrics

The bank maintained strong operational efficiency with a credit-to-deposit ratio of 85.4% as of March 31, 2026, compared to 86.5% in the previous year. This indicates improved deposit mobilization relative to lending growth.

The bank's Liquidity Coverage Ratio stood at 119.0% on a consolidated basis, well above regulatory requirements, though slightly lower than the 125.0% recorded in March 2025.

Regulatory Compliance and Transparency

YES Bank released this provisional update in compliance with SEBI listing regulations and insider trading norms. The bank emphasized that these figures are provisional and subject to approval by the Audit Committee, Board of Directors, and statutory auditor review before the official financial results announcement.