NSEOutcome of Board Meeting17 Oct 2026 · 17 Oct 2026, 07:41 pm
Outcome of Board Meeting
Yes Bank Limited · YESBANK
✦ AI SummaryMgmt Change
Yes Bank Limited announced the appointment of Mr. Sai Venkataramana Kosuri as the new Chief Vigilance Officer (CVO) and Senior Management Personnel (SMP) of the Bank, effective November 25, 2026. Mr. Harish Sehgal, who was interim CVO, will demit the office on November 24, 2026.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern6/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Change in Senior Management Personnel (SMP) of the Bank
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YBL/CS/2026-27/117
October 17, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot no. C/1, G Block, Corporate Relations Department
Bandra - Kurla Complex, Bandra (E), P.J. Towers, Dalal Street
Mumbai - 400 051 Mumbai – 400 001
NSE Symbol: YESBANK BSE Scrip Code: 532648
Dear Sir/ Madam,
Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Change in Senior Management Personnel (SMP) of
the Bank
We refer to our intimation dated September 16, 2026, bearing the Ref No. YBL/CS/2026-27/94,
wherein YES Bank Limited (“the Bank”) had intimated that pursuant to the cessation of the
office of the then Chief Vigilance Officer (CVO) pursuant to the resignation tendered by Mr.
Binu Soman, the Bank had, in the interim, designated Mr. Harish Sehgal, (Head – AML &
Principal Officer of the Bank) as the interim CVO of the Bank, effective September 16, 2026, until
the appointment of a new CVO.
The Bank would like to inform that basis the recommendation of the Nomination and
Remuneration Committee of the Bank, the Board of Directors of the Bank at its meeting held today
i.e. on October 17, 2026, has, inter-alia approved the appointment / designated Mr. Sai
Venkataramana Kosuri - Head Legal Retail and Business Banking of the Bank as the new Chief
Vigilance Officer (CVO) and SMP of the Bank with effect from November 25, 2026, and he shall
discharge responsibilities exclusively in the capacity of Chief Vigilance Officer (CVO) from the
said effective date.
Consequent to the above, Mr. Harish Sehgal (Head – AML & Principal Officer ), who has been
Interim Chief Vigilance Officer and SMP, with effect from September 16, 2026 , shall demit the
office of Interim Chief Vigilance Officer with effect from November 24, 2026 end of business hours
and shall continue / re-designated as Head – AML & Principal Officer of the Bank and cease to
be classified as an SMP of the Bank.
Accordingly, the information as required under Regulation 30 of the SEBI Listing Regulations
read with Schedule III and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure A.
The weblink of BSE Limited and National Stock Exchange of India Limited providing the above
information is being hosted on the Bank’s website www.yes.bank.in pursuant to Listing
Regulations, as amended.
The Board Meeting commenced at 10:00 a.m. (IST) and concluded at 07:30 p.m. (IST).
We request you to take the above on record.
Thanking you,
Yours faithfully,
For YES BANK LIMITED
Sanjay Abhyankar
Company Secretary
Encl:
1. Annexure A
Annexure A
Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read along with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Particulars Details
1 Name Mr. Sai Venkataramana Kosuri Mr. Harish Sehgal -
Pursuant to the
Reason for appointment of new Chief
change viz. Vigilance Officer,
appointment, demitting the office as a
re- interim Chief Vigilance
2 Appointment as a Chief Vigilance Officer
appointment, Officer and accordingly
resignation, ceased to be SMP of the
removal, death Bank
or otherwise
Date of Date of Cessation as SMP:
appointment/r Effective November 24,
Date of Appointment:
e- 2026 end of business
November 25, 2026
appointment/c hours.
3 essation (as
Term of Appointment: Appointed as a CVO for
applicable) &
a period of 3 years from November 25, 2026, till
term of
November 24 2029.
appointment/r
e-appointment
Sai Venkataramana Kosuri brings over 22 Not Applicable
years of extensive legal experience across the
banking and financial services industry, with
deep expertise in Retail and Branch Banking,
strategic legal advisory, Retail Assets,
Business Banking, debt management,
Brief Profile (In collections and regulatory matters. His
4 case of experience spans across complex legal and
appointment) regulatory matters, with a strong focus on risk
mitigation, governance and enabling business
growth.
Currently serving as Head Legal – Retail and
Business Banking at YES BANK, Sai leads the
legal function for the Retail and Business
Banking businesses, partnering with business
leadership on strategic initiatives and critical
legal, regulatory and risk matters while
safeguarding the Bank’s interests.
Prior to YES BANK, Sai spent over a decade
with HDFC Bank, where he served as Head
Legal & Senior Vice President – Retail Assets
& Debt Management, following his role as
National Legal Manager with Centurion Bank
of Punjab. He began his career with GE
Capital as Manager – Legal & Collections,
building a strong foundation in legal and
collections matters.
His career reflects progressive legal leadership
across leading financial institutions, with
expertise spanning business partnering, legal
risk management and regulatory governance.
Disclosure of N.A. N.A.
relationships
between
5 Directors (in
case of
appointment of
a director)