Yes Bank Shares in Focus: CEO Prashant Kumar Gets RBI Nod for Tenure Extension

On June 13, 2025, Yes Bank shares continued their falling streak for the 2nd consecutive day, following an important regulatory development. The Reserve Bank of India (RBI) has approved a 6-month extension to the tenure of the bank’s Managing Director and Chief Executive Officer, Prashant Kumar.

The extension, effective from October 6, 2025, will continue either until the appointment of a new MD & CEO or the end of the six-month period—whichever comes earlier, the bank disclosed in a regulatory filing.

Yes Bank had formally applied to the RBI under the provisions of the Banking Regulation Act, 1949, seeking to extend Kumar’s leadership term.

Also Read: RBI’s New KYC Guidelines 2025: Extended Deadline, Easier Process for Low-Risk Customers

About Prashant Kumar

Prashant Kumar, a seasoned banking veteran, previously served as Deputy Managing Director and CFO at State Bank of India (SBI)—India’s largest lender. He took over as MD & CEO of Yes Bank in 2020, after a rescue led by a consortium of banks spearheaded by SBI, amid a major liquidity crisis.

His initial extension, granted in October 2022, had extended his term by three years, set to conclude in October 2025.

Stake Sale by SBI Led Consortium

The news comes amid heightened activity around Yes Bank, as the SBI-led banking consortium recently offloaded part of its stake, paving the way for Japan's Sumitomo Mitsui Banking Corporation (SMBC) to potentially acquire up to 20% of the lender’s outstanding equity.

Participants in the stake sale included key players from the original rescue group: SBI, HDFC Bank, IDFC First Bank, and Bandhan Bank.

On Friday, June 13, 2025, Yes Bank shares fell 1.08% at 10:05 AM on BSE, reaching a day low of ₹19.97, after opening at ₹20.04. Yes Bank shares are currently trading below the ₹21.50 per share price at which the consortium had purchased its stake and has declined 2.2% over the past month.

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