YES Bank Relieves Country Head Ajay Rajan on May 31
YES Bank disclosed the resignation of Mr. Ajay Rajan, Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU, effective May 31, 2026. Mr. Rajan resigned on April 09, 2026, citing a better profile, concluding his 8.5-year tenure with the bank.

*this image is generated using AI for illustrative purposes only.
yes bank has announced the resignation of Mr. Ajay Rajan from the position of Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU. The disclosure was made to the stock exchanges on May 20, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Ajay Rajan tendered his resignation on April 09, 2026, citing a better profile as the reason for his departure. The bank will relieve him from his duties effective May 31, 2026. In his resignation letter, Mr. Rajan expressed gratitude for his 8.5-year tenure, during which he managed diverse strategic portfolios and contributed to the institution's growth and stability.
The bank confirmed that the necessary details regarding the change have been submitted to the National Stock Exchange of India Limited and BSE Limited. The information is also available on the bank's official website. Mr. Rajan assured the bank of his full cooperation to ensure a smooth transition during this period.
Details of Change in Senior Management
The following table outlines the key particulars regarding the change in senior management personnel as disclosed by the bank:
| Sr no. | Particulars | Details |
|---|---|---|
| 1 | Name & Designation | Mr. Ajay Rajan, Country Head - Transaction Banking, Government, MNC & New Economy Business, and IBU |
| 2 | Reason for change | Resignation |
| 3 | Date of cessation | Date of Resignation: Resigned on April 09, 2026 and will be relieved from services on May 31, 2026. |
| 4 | Brief Profile (In case appointment) | N.A. |
| 5 | Disclosure of relationships between Directors | N.A. |
The resignation marks the end of Mr. Rajan's tenure at the bank, where he acknowledged the resilience of the institution and the support from the management and board members.
Historical Stock Returns for Yes Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.39% | -1.44% | +10.62% | -2.50% | +4.24% | +63.82% |
Who will Yes Bank appoint as the successor to lead the critical Transaction Banking, Government, MNC & New Economy Business portfolios, and what profile are they targeting?
How might the leadership transition in Yes Bank's transaction banking division impact its ongoing government and MNC client relationships in the near term?
Could this high-profile departure signal broader senior management restructuring at Yes Bank as it continues its post-crisis recovery and growth phase?


































