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.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate