Reserve Bank of India has extended Prashant Kumar’s tenure as Yes Bank CEO. He will continue until a successor is found. The extension is effective from October 6, 2025. Kumar’s leadership began in March 2020. During his term, Yes Bank’s deposits and retail advances grew significantly. The bank also improved its asset quality under his guidance.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,