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 has announced strategic guidance aimed at significantly improving its asset quality profile over the next few years. The bank has set a clear target to reduce its legacy Rural Infrastructure and Development Fund (RIDF) balances to below 5% of total assets by FY27.

Strategic Asset Quality Initiative

The guidance was shared during the bank's recent conference call, highlighting management's commitment to optimizing the institution's asset portfolio. RIDF balances represent funds that banks are required to contribute to rural infrastructure development when they fall short of priority sector lending targets.

Implications for Asset Management

This strategic guidance indicates Yes Bank's focus on reducing legacy exposures that may impact its overall asset quality metrics. By setting a specific timeline and target percentage, the bank demonstrates a structured approach to asset optimization.

The reduction of RIDF balances below 5% of total assets by FY27 suggests the bank's intention to improve its priority sector lending performance or manage these exposures more effectively. This initiative aligns with broader efforts to strengthen the bank's balance sheet composition.

Management Commitment

The announcement during the conference call reflects management's transparency in communicating strategic priorities to stakeholders. The specific target and timeline provide measurable benchmarks for tracking the bank's progress in asset quality improvement over the coming fiscal years.