YES Bank has announced the resignation of Mr. Tushar Patankar from his position as Chief Risk Officer, effective from the close of business hours on January 21, 2026. The bank disclosed this senior management change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Timeline and Details

Patankar had submitted his resignation on November 12, 2025, expressing his intention to pursue career aspirations. The bank provided a notice period of over two months before relieving him from his duties. The following table outlines the key details of the resignation:

Regulatory Compliance

YES Bank fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited (NSE Symbol: YESBANK) and BSE Limited (BSE Scrip Code: 532648) about the senior management personnel change. The bank's Company Secretary, Sanjay Abhyankar, signed the official communication on January 21, 2026.

The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and includes comprehensive documentation of the resignation process.

Official Communication

In his resignation email to MD & CEO Prashant Kumar, Patankar expressed gratitude for the opportunity to serve as Chief Risk Officer. He acknowledged the leadership and guidance provided by the management and Board during his tenure with the bank.

The bank has hosted the relevant information on its website www.yes.bank.in as required under SEBI Listing Regulations. The resignation represents a standard senior management transition with proper regulatory compliance and documentation procedures followed throughout the process.

Yes Bank delivered robust financial performance in Q3FY26, reporting a significant 55% year-on-year increase in standalone net profit to ₹952.00 crore, compared to ₹612.00 crore in the corresponding quarter of the previous year. Following the strong results, management provided comprehensive forward guidance on profitability targets, security receipt recoveries, credit cost expectations, and loan growth projections during the earnings call.

Financial Performance Highlights

The bank's quarterly performance showed impressive growth across key metrics:

Sequential growth was equally strong, with profit after tax rising 45% from ₹654.00 crore in Q2FY26. Interest income stood at ₹7,543.00 crore, down 3.7% from ₹7,829.00 crore in the year-ago period.

Asset Quality and Operational Metrics

Yes Bank continued to demonstrate improving asset quality with significant reductions in non-performing assets:

The bank's return on assets improved to 0.90% from 0.60% in Q3FY25, with the metric reaching 1.00% when excluding gratuity impact. Cost of deposits declined 50 basis points year-on-year and 10 basis points quarter-on-quarter to 5.60%.

Management Guidance and Strategic Outlook

During the earnings call, management provided comprehensive guidance on future profitability targets and loan growth expectations:

Loan Growth and Business Strategy

Management outlined specific loan growth projections and strategic focus areas:

The bank expects loan growth for the current financial year to be around 8%, with next year's growth anticipated to align with market trends, excluding specific product categories like prime home loans, new car financing, and gold loans.

Credit Cost and Recovery Guidance

The bank expects its net credit cost, non-tax provisions to assets, to remain below 50 basis points for the full year, consistent with prior guidance. Additionally, management provided detailed guidance on security receipt recoveries:

Managing Director & CEO Prashant Kumar characterized Q3FY26 as a "breakthrough quarter," highlighting accelerated profitability growth, strong improvement in asset quality, rising business volumes, and continued leadership in CASA growth. The guidance reflects management's confidence in sustaining positive momentum across profitability, recovery metrics, and credit cost management.

Stock Performance and Valuation

Yes Bank shares gained 2.23% on Friday, closing at ₹23.46. The stock's current valuation metrics include:

Technical indicators show the stock trading above all eight key simple moving averages, indicating strong bullish momentum. The RSI of 64.20 suggests the stock is approaching overbought territory, warranting careful monitoring by investors.