Yes Bank has appointed Paul Verghese Parambi as an additional independent director. The appointment is effective from November 6, 2026, for a four-year term ending November 5, 2030.

The board approved the appointment on October 17, 2026, based on the recommendation of the Nomination & Remuneration Committee. The move is subject to shareholder approval. Parambi brings over 36 years of experience in financial services, banking strategy, and risk management.

Professional background and expertise

Parambi served as Group President and Group Chief Risk Officer at Kotak Mahindra Group. In this role, he oversaw risk management for Kotak Mahindra Bank and its group companies. Prior to this, he was President of Consumer & Commercial Bank (Credit) and Head of Group Strategy for Kotak Group.

He played a key role in charting strategic direction and evaluating investments for the bank and group. Earlier, he headed International Business for Kotak Group from 1995 to 2012, contributing to its expansion. He joined Kotak in 1991 and began his career at Hindustan Unilever Limited in 1989.

Parambi is a graduate of IIM Ahmedabad and IIT Madras. He also serves as a trustee of the Kotak Education Foundation.

Disclosure details

The appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Parambi is not debarred from holding office by SEBI or any statutory authority.

The board meeting commenced at 10:00 am and concluded at 7:30 pm IST. The disclosure was filed with BSE and NSE as per regulatory requirements.

Yes Bank appointed Sai Venkataramana Kosuri as Chief Vigilance Officer and Senior Management Personnel, effective November 25, 2026. The appointment follows a board approval on October 17, 2026.

Kosuri currently serves as Head Legal Retail and Business Banking at the bank. He brings over 22 years of legal experience in the banking and financial services sector. His expertise includes retail assets, debt management, collections, and regulatory matters.

Leadership Transition Details

The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Kosuri will discharge responsibilities exclusively in the capacity of Chief Vigilance Officer from the effective date. His term is set for three years, running until November 24, 2029.

Harish Sehgal, who served as the interim Chief Vigilance Officer since September 16, 2026, will demit the office at the end of business hours on November 24, 2026. Sehgal will continue as Head AML and Principal Officer but will cease to be classified as Senior Management Personnel.

Professional Background

Prior to joining Yes Bank, Kosuri spent over a decade with HDFC Bank. There, he served as Head Legal and Senior Vice President for Retail Assets and Debt Management. Earlier in his career, he held roles at Centurion Bank of Punjab and GE Capital.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.