Yes Bank gets upgrade, CEO's term extended

MUMBAI:RBI has extended Yes Bank MD and CEO Prashant Kumar’s term by six months indicating that the bank’s board will need to start the process of identifying a successor. The extension, approved through a letter dated June 12, is effective from Oct 6, 2025, or until a new CEO takes charge, whichever is earlier. Moody’s, meanwhile, has upgraded Yes Bank’s long-term deposit and issuer ratings to Ba2 from Ba3.