Yes Bank shares in focus after MD & CEO Prashant Kumar gets six-month extension

Yes Bank shares will be in focus on Friday after the Reserve Bank of India (RBI) approved a six-month extension for the bank’s Managing Director and CEO, Prashant Kumar.

The extension will be effective from October 6, 2025, or until a new MD & CEO is appointed—whichever is earlier—according to the bank’s exchange filing.

Yes Bank had sought the extension under the Banking Regulation Act, 1949. Kumar was appointed MD & CEO in 2020 after a consortium of banks, led by the State Bank of India (SBI), stepped in to rescue the lender from a severe liquidity crisis.


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A former Deputy Managing Director and Chief Financial Officer (CFO) at SBI, Kumar was first granted a three-year extension in October 2022, which was set to expire in October 2025.

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Stake sale developments

Yes Bank has also been in the spotlight recently following stake sales by the original rescue consortium. SBI, HDFC Bank, IDFC First Bank, and Bandhan Bank, which held stakes in Yes Bank post-reconstruction, have partially offloaded their holdings to facilitate a 20% equity stake acquisition by Japan’s Sumitomo Mitsui Banking Corporation.

Stock performance and outlook

Yes Bank shares closed 1.5% lower on Thursday at Rs 20.41, mirroring the broader market trend. The stock is now trading below the Sumitomo stake purchase price of Rs 21.5 per share and has declined 2.2% over the past month.

According to Trendlyne, the average target price for Yes Bank is Rs 16, indicating a potential downside of about 19% from current levels. Among the 12 analysts tracking the stock, most have a ‘Sell’ rating.

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Technically, the stock’s Relative Strength Index (RSI) stands at 48.8, signalling neutral momentum. The MACD is at 0.6, above the centre line but below the signal line.

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