Yes Bank’s shareholders have given the green light for Prashant Kumar to continue as the bank’s Managing Director and Chief Executive Officer (CEO) until April 2026. His reappointment will officially take effect from October 6, 2025, and run through April 5, 2026.
Kumar first took charge of Yes Bank in March 2020, when the lender was in deep crisis and undergoing a government-led reconstruction. Two years later, in October 2022, he was reappointed for a fresh three-year term. Under his leadership, Yes Bank went through a complete transformation—recapitalised, re-energised, and recalibrated—pulling off one of the fastest turnarounds in Indian banking history. Within just a year, the bank managed to claw its way back from the brink of collapse.
Before joining Yes Bank, Prashant Kumar spent over three decades with the State Bank of India (SBI), the country’s largest lender. Starting as a probationary officer in 1983, he went on to become Deputy Managing Director and Chief Financial Officer of SBI. Over 34 years, he held multiple leadership roles, ranging from heading human resources to managing corporate development, operations, and key regional circles. He even served as a faculty member at SBI’s top training institute in Gurugram.
Big Strategic Moves Around the Corner
Kumar’s extended term comes at a time when Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 20% stake in Yes Bank from SBI and other large institutional shareholders. The deal is seen as a major boost to the private lender’s long-term growth strategy.
Strong Numbers Back the Momentum
Yes Bank has also been showing strong financial performance. For Q4 FY25, the bank reported a net profit of ₹738 crore, up 63.3% year-on-year and 20.6% quarter-on-quarter.
For the full year, non-interest income stood at ₹5,857 crore, rising 14.5% YoY. The bank’s total deposits climbed to ₹2,84,525 crore, up 6.8% YoY and 2.6% QoQ. The CASA ratio (current account and savings account deposits) improved to 34.3%, compared to 30.9% in Q4 FY24 and 33.1% in the previous quarter.
