Yes Bank appoints Sai Venkataramana Kosuri as Chief Vigilance Officer
- Sai Venkataramana Kosuri appointed as Chief Vigilance Officer effective November 25, 2026
- Term of appointment spans three years until November 24, 2029
- Harish Sehgal demits interim CVO role and ceases to be Senior Management Personnel
- Kosuri brings over 22 years of legal experience in banking and financial services
*this image is generated using AI for illustrative purposes only.
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.
| Particular | Detail |
|---|---|
| Appointee | Sai Venkataramana Kosuri |
| Role | Chief Vigilance Officer (CVO) |
| Effective Date | November 25, 2026 |
| Term Duration | 3 years (until November 24, 2029) |
| Predecessor | Harish Sehgal (Interim) |
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.
Historical Stock Returns for Yes Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.42% | -14.43% | -24.14% | -9.61% | -24.96% | 0.0% |
How might Kosuri's background in debt management and collections influence Yes Bank's future non-performing asset resolution strategies?
What impact will the transition from an interim to a permanent Chief Vigilance Officer have on the bank's compliance posture and regulatory scrutiny?
Will Kosuri's appointment signal a strategic shift in how Yes Bank integrates legal risk management with its retail and business banking operations?
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