YES BANK Announces Key Management Changes: Sanjay Abhyankar Appointed as Company Secretary & Compliance Officer

Mumbai, India — January 28, 2025: YES BANK Limited (NSE: YESBANK) has announced significant changes in its top management. Sanjay Abhyankar has been appointed as the new Company Secretary and Compliance Officer, effective April 1, 2025. The move follows the retirement of Shivanand R. Shettigar, who currently holds both positions and is set to step down on March 31, 2025.

Key Changes in Management:​

1. Outgoing Executive:
   • Due to superannuation, Shivanand R. Shettigar (Current Company Secretary & Compliance Officer) will retire on March 31, 2025.
2. New Appointment:
   • Sanjay Abhyankar will assume the roles of Company Secretary and Compliance Officer on April 1, 2025.

Who is Sanjay Abhyankar?​

• Current Role at YES BANK: President, Vertical Head – Company Secretary Operations.
• Industry Experience: Over 27 years in Corporate Law, Legal, Compliance, Capital Markets, and Banking.
• Previous Roles:
  • Vice President & Compliance Officer at State Bank of India, where he managed:
    • Merger of 5 associate banks and Bharatiya Mahila Bank with SBI.
    • Asia’s most extensive Qualified Institutional Placement (QIP) issuance.
  • Worked with Uttam Steel Limited, BSE Limited, and Shrenuj & Co.
• Academic Credentials:
  • Gold Medalist in MBA (Finance) from Welingkar Institute of Management.
  • B.Com, L.L.B., DCM, and Associate Member of ICSI.

Strategic Significance of the Move​

The transition is critical for YES BANK as it strengthens its governance framework post-restructuring. Abhyankar’s extensive expertise in regulatory compliance, mergers, and capital markets is expected to bolster the bank’s corporate governance and risk management practices.

Investor & Market Perspective​

With YES BANK undergoing structural and strategic transformations, this leadership change is seen as a move to reinforce corporate compliance and operational efficiency. Market analysts will closely monitor Abhyankar’s impact, particularly in regulatory compliance and investor relations.

Looking Ahead​

The management change will be effective April 1, 2025, and investors will be keen to see how YES BANK leverages its governance restructuring to drive growth and stability in FY2025-26.