YES Bank has secured regulatory approval to extend the tenure of Dr. Rajan Pental as Executive Director for an additional six months, reinforcing continuity in its senior leadership team. The Reserve Bank of India (RBI) granted approval on January 21, 2026, for the re-appointment covering the period from February 2, 2026 to July 31, 2026.

RBI Approval and Regulatory Compliance

The bank had submitted an application to the RBI under Regulation 35B of The Banking Regulation Act, 1949, seeking an extension of Dr. Pental's tenure until his superannuation date. The six-month extension bridges the gap until July 31, 2026, when Dr. Pental reaches retirement age.

The re-appointment remains subject to approval from the bank's shareholders, as mandated by corporate governance requirements. YES Bank has confirmed that Dr. Pental is not debarred from holding directorial positions by SEBI or any other regulatory authority.

Leadership Profile and Experience

Dr. Rajan Pental brings extensive experience spanning three decades in the financial services sector. He joined YES Bank in November 2015 and currently oversees a comprehensive portfolio of business verticals. His responsibilities encompass retail banking operations, affluent banking services, NRI banking, private banking, SME banking, rural and agriculture banking, and digital payment solutions.

Key Business Areas Under Leadership

• Branch Banking and Retail Operations
• Credit Cards and Merchant Acquisition
• Third Party Distribution Networks
• Banking Operations and Technology Solutions
• Corporate Social Responsibility initiatives
• Customer Experience and Service Excellence

Professional Background

Prior to joining YES Bank, Dr. Pental held significant positions at HDFC Bank from June 2001 to October 2015, spanning 14 years of progressive responsibilities. In his final role at HDFC Bank, he served as Business Head for Secured Loans and Rural Sales, covering both retail and wholesale vehicle loans. He played an instrumental role in establishing and institutionalizing the Retail Assets Business for HDFC Bank's Northern region operations.

Dr. Pental has also gained experience across various financial institutions including Tata Finance, Esanda Finance & Leasing Ltd (ANZ Grindlays Bank Ltd), Escorts Limited, and Industrial Chemicals Ltd. His expertise spans strategy development, process optimization, and digital innovation in banking services.

Corporate Governance Compliance

YES Bank has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The bank has confirmed that no relationships exist between Dr. Pental and other directors that would impact governance standards. The appointment details have been made available on the bank's official website in compliance with listing regulations.

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.