Yes Bank, the Indian private sector bank that was rescued from near-collapse in 2020, is led by Prashant Kumar as Managing Director & CEO. Kumar was appointed Administrator by the Reserve Bank of India (RBI) on March 5, 2020, during one of India’s most dramatic banking crises, and subsequently became the bank’s MD & CEO. A 34-year State Bank of India veteran who rose to Deputy Managing Director & CFO, Kumar was handpicked as the steady hand to lead India’s most remarkable bank turnaround. When he arrived, depositors were panicking, withdrawals were capped at ₹50,000, and the bank’s former co-founder Rana Kapoor had been arrested for money laundering. In his first full year, Kumar delivered 55% deposit growth and 42% operating profit growth — during the pandemic. By Q3 FY2026, Yes Bank’s net profit jumped 55% year-on-year to ₹952 crore, with total assets of approximately ₹4.24 trillion (~$50 billion). Kumar’s tenure is set to end on April 6, 2026, with Vinay Muralidhar Tonse, a former SBI Managing Director, approved by the RBI as his successor.
Read on to discover Yes Bank CEO email address, Prashant Kumar net worth in 2026, salary and compensation, career history, age, family, and more.
(Suggested: IndusInd Bank CEO – Rajiv Anand)
Yes Bank Competitors
Yes Bank operates in the highly competitive Indian private banking sector. Here are the key competitors of Yes Bank:
- HDFC Bank – India’s largest private sector bank by market capitalization
- ICICI Bank – Major diversified financial services company
- Axis Bank – Third-largest private sector bank in India
- Kotak Mahindra Bank – Premium private sector bank
- IndusInd Bank – Mid-size private sector bank
- RBL Bank – Growing private sector lender
- IDFC First Bank – Retail-focused private bank
- Federal Bank – South India-based private sector bank
Prashant Kumar – Quick Facts
| Prashant Kumar — At a Glance | |
|---|---|
| Full Name | Prashant Kumar |
| Position | Managing Director & CEO |
| Company | Yes Bank Limited (NSE: YESBANK) |
| Age | ~65 (born c. 1961) |
| Nationality | Indian |
| Education | BSc, Delhi University; LLB, Delhi University |
| Net Worth (2026) | Estimated ₹15–25 Crore |
| Total Compensation (FY2024) | ₹3.77 Crore (~$450K) |
| CEO Since | March 2020 (tenure ends April 6, 2026) |
| Successor | Vinay Muralidhar Tonse (RBI-approved, Feb 2026) |
| Headquarters | Mumbai, Maharashtra, India |
| [email protected] | |
| Twitter/X | @pk63 |
Prashant Kumar Net Worth 2026 – Yes Bank CEO Salary
Prashant Kumar’s exact net worth is not publicly disclosed, but based on his FY2024 compensation of ₹3.77 crore (~$450,000), his 34-year career at SBI, and his tenure at Yes Bank, his net worth is estimated to be in the range of ₹15–25 crore ($1.8–$3 million). His FY2024 total compensation represented an 8% increase over FY2023. This includes a basic salary of approximately ₹2.14 crore and performance-linked incentives of approximately ₹1.11 crore. Kumar’s compensation is modest even by Indian banking standards — reflecting Yes Bank’s ongoing recovery status and the fact that it remains under close regulatory supervision.
Unlike CEOs of larger Indian banks such as HDFC Bank or ICICI Bank, Kumar’s pay is constrained by RBI approval requirements due to Yes Bank’s bailout history. Nevertheless, under his stewardship, the bank has transformed from the brink of insolvency into a profitable institution.
Prashant Kumar – Compensation Breakdown (FY2024)
| Component | Amount | Share |
|---|---|---|
| Basic Salary & Allowances | ₹2.14 Crore (~$253K) | 56.8% |
| Performance-Linked Incentives | ₹1.11 Crore (~$131K) | 29.4% |
| Other Benefits (Perquisites) | ₹0.52 Crore (~$62K) | 13.8% |
| TOTAL (FY2024) | ₹3.77 Crore (~$450K) | 100% |
Key Insight: Prashant Kumar’s compensation is significantly lower than peers at comparable Indian banks. For comparison, HDFC Bank’s CEO earned over ₹10 crore in FY2024. Kumar’s relatively modest pay reflects the regulatory oversight that Yes Bank operates under following its March 2020 bailout, when the RBI imposed a moratorium and SBI led a rescue consortium.
Yes Bank Net Worth 2026 – Is Yes Bank Profitable?
Yes, Yes Bank has returned to strong profitability under Prashant Kumar’s turnaround leadership. From the brink of collapse in March 2020 — when the RBI imposed a moratorium and capped withdrawals at ₹50,000 — Kumar guided the bank to consistent quarterly profits. In FY2025, Yes Bank posted a net profit of approximately ₹3,174 crore, and in Q3 FY2026, net profit jumped 55% year-on-year to ₹952 crore. The bank’s market capitalization stands at approximately ₹63,500 crore (~$7.5 billion) as of March 2026, with shares trading around ₹20 on the NSE.
Japanese financial giant Sumitomo Mitsui Banking Corporation (SMBC) holds a strategic 25% stake in Yes Bank, signaling long-term confidence in the turnaround story. The bank’s asset quality has improved significantly, with gross NPA ratio declining to 1.5% and net NPA ratio improving to just 0.3% in Q3 FY2026.
Yes Bank Financial Summary
| Metric | Value | YoY Change |
|---|---|---|
| Market Capitalization | ~₹63,500 Cr (~$7.5B) | — |
| Revenue (FY2025) | ~₹30,169 Cr | ▲ Growing |
| Net Profit (FY2025) | ~₹3,174 Cr | ▲ 40%+ |
| Net Profit (Q3 FY2026) | ₹952 Cr | ▲ 55% YoY |
| Net Interest Income (Q3 FY26) | ₹2,466 Cr | ▲ 11% YoY |
| Net Interest Margin | 2.6% | ▲ +20 bps |
| Total Assets | ~₹4.24 Trillion (~$50B) | — |
| Gross NPA Ratio | 1.5% | ▲ Improved |
| Net NPA Ratio | 0.3% | ▲ Improved |
| Return on Assets | 0.9% | ▲ from 0.6% |
| SMBC Stake | 25% | — |
| Employees | ~38,000 | — |
Turnaround in Numbers: When Prashant Kumar took over in March 2020, Yes Bank’s depositors were fleeing, withdrawals were frozen, and the bank was effectively insolvent. Five years later, quarterly profits have crossed ₹950 crore, asset quality is among the best in the sector (net NPA of 0.3%), and return on assets has reached 0.9%. It is one of India’s most remarkable banking recoveries.
Prashant Kumar Career & Education
Prashant Kumar spent over three decades at State Bank of India, India’s largest public sector bank, rising from Probationary Officer to Deputy Managing Director & Chief Financial Officer. His extensive experience across SBI’s operations — spanning retail banking, corporate banking, risk management, and finance — prepared him for the monumental challenge of rescuing Yes Bank from near-collapse.
Kumar was appointed Administrator of Yes Bank by the RBI on March 5, 2020, the same day that the government imposed a moratorium on the troubled lender. He managed the critical transition period, including the SBI-led ₹10,000 crore bailout, and was subsequently made MD & CEO. His first term ran until October 2022, when he was re-appointed for three years. In June 2025, the RBI approved a further six-month extension until April 6, 2026, to allow for a smooth succession to Vinay Tonse.
Career Timeline
| Period | Position |
|---|---|
| 1977–1983 | BSc & LLB, Delhi University |
| 1983 | Joined State Bank of India as Probationary Officer |
| 1983–2010s | Progressive leadership roles at SBI — General Manager Mumbai, Chief General Manager Kolkata, DMD & COO, DMD (HR) & CDO |
| ~2017–2020 | Deputy Managing Director & CFO, State Bank of India |
| Mar 5, 2020 | Appointed Administrator of Yes Bank by RBI |
| Mar 2020–Oct 2022 | Managing Director & CEO, Yes Bank (first term) |
| Oct 2022–Oct 2025 | Re-appointed MD & CEO, Yes Bank (3-year term) |
| Oct 2025–Apr 2026 | Extended tenure (6-month extension by RBI) |
Education
| University | Degree |
|---|---|
| Delhi University | Bachelor of Science (BSc) |
| Delhi University | Bachelor of Laws (LLB) |
Kumar’s dual qualifications in Science and Law are unusual for a banking CEO. His legal training proved valuable in navigating the complex regulatory, legal, and governance challenges that accompanied the Yes Bank rescue. He attended Delhi University from approximately 1977 to 1983 before joining SBI.
Prashant Kumar Wiki – Age, Family & More
Prashant Kumar was born circa 1961 in India, making him approximately 65 years old as of 2026. He earned both a BSc in Science and an LLB (Law degree) from the University of Delhi — an unusual combination for a banking leader. Kumar spent 34 years at State Bank of India, one of the longest tenures at a single institution among Indian banking executives, before being called upon for the Yes Bank rescue mission.
Kumar’s personal life remains largely private. Details about his spouse, children, and personal interests are not publicly disclosed. He is known for his calm, methodical leadership style — qualities that proved essential during the chaotic early days of the Yes Bank rescue, when he had to simultaneously manage a panicked depositor base, a regulatory moratorium, and the onset of the COVID-19 pandemic.
His leadership philosophy centers on resilience, innovation, and customer-centric banking. Under his watch, Yes Bank significantly increased its technology spending (up 70.7% between FY2022 and FY2024) and expanded its digital banking capabilities. He is active on Twitter/X as @pk63.
Key Facts About Prashant Kumar
- Age: ~65 years old (born c. 1961)
- Nationality: Indian
- Education: BSc and LLB from Delhi University
- SBI Career: 34 years (1983–2020), rose to DMD & CFO
- Yes Bank Tenure: March 2020 – April 2026
- Key Achievement: Led one of India’s most dramatic bank turnarounds
- Social Media: Active on Twitter/X (@pk63) and LinkedIn
CEO Succession – Vinay Muralidhar Tonse
In February 2026, the RBI approved Vinay Muralidhar Tonse as the incoming Managing Director & CEO of Yes Bank for a three-year term, effective from the date he takes charge (expected after April 6, 2026). Tonse, aged 60, is another SBI veteran who retired from the bank in November 2025 as Managing Director of Retail Business & Operations.
Tonse brings significant international experience, having served as CEO of SBI’s Osaka branch in Japan for four years and as an officer at SBI’s Singapore office. This international exposure is particularly relevant given SMBC’s 25% strategic stake in Yes Bank. His career at SBI spanned over 30 years, covering corporate credit, treasury, retail, and international banking.
The leadership transition from Kumar to Tonse represents a continuation of the SBI-veteran strategy at Yes Bank. Both were chosen by the RBI for their deep public sector banking experience and their ability to maintain regulatory confidence during the bank’s recovery period.
Yes Bank CEO Email Address | Prashant Kumar Contact
Prashant Kumar can be reached through Yes Bank’s corporate channels. Below are the official contact details:
| Contact Information | |
|---|---|
| Corporate Email | [email protected] |
| Twitter/X | @pk63 |
| Prashant Kumar – MD & CEO, Yes Bank | |
| Corporate HQ | Yes Bank Tower, IFC 2, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013 |
| Phone (HQ) | +91 22 3366 9000 |
| Investor Relations | [email protected] |
About Yes Bank
Yes Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra. Founded in 2003 by Rana Kapoor and Ashok Kapur (who was tragically killed in the 2008 Mumbai terror attacks), Yes Bank grew rapidly before running into serious governance and asset quality issues under Kapoor’s leadership. By early 2020, the bank was on the verge of collapse.
On March 5, 2020, the Reserve Bank of India imposed a moratorium on Yes Bank, capping withdrawals at ₹50,000 per depositor and superseding the board. State Bank of India led a rescue consortium that infused ₹10,000 crore into the bank, and Prashant Kumar was installed as Administrator before becoming MD & CEO.
Today, Yes Bank has approximately ₹4.24 trillion (~$50 billion) in total assets, around 38,000 employees, and a market capitalization of roughly ₹63,500 crore. Japanese financial giant Sumitomo Mitsui Banking Corporation (SMBC) acquired a 25% strategic stake, further stabilizing the bank and providing international credibility. The bank’s stock trades on the National Stock Exchange under the ticker YESBANK and on the Bombay Stock Exchange.
Yes Bank – Key Corporate Facts
| Detail | Information |
|---|---|
| Founded | 2003 |
| Co-Founders | Rana Kapoor & Ashok Kapur |
| Headquarters | Mumbai, Maharashtra, India |
| CEO | Prashant Kumar (MD & CEO) |
| Total Assets | ~₹4.24 Trillion (~$50B) |
| Market Cap | ~₹63,500 Cr (~$7.5B) |
| Employees | ~38,000 |
| Strategic Investor | SMBC (25% stake) |
| Stock Ticker | NSE: YESBANK | BSE: 532648 |
| Website | yesbank.in |
Frequently Asked Questions (FAQ)
Who is the current CEO of Yes Bank?
The current Managing Director & CEO of Yes Bank is Prashant Kumar. He was appointed by the RBI as Administrator in March 2020 during the bank’s rescue and subsequently became MD & CEO. His tenure ends on April 6, 2026, and he will be succeeded by Vinay Muralidhar Tonse, a former SBI Managing Director whose appointment was approved by the RBI in February 2026.
What is Prashant Kumar’s net worth in 2026?
Prashant Kumar’s net worth is estimated at approximately ₹15–25 crore ($1.8–$3 million). This estimate is based on his FY2024 compensation of ₹3.77 crore (~$450K), his 34-year SBI career, and his tenure leading Yes Bank. His exact net worth is not publicly disclosed.
What is the Yes Bank CEO’s salary?
Prashant Kumar’s FY2024 total compensation was ₹3.77 crore (~$450,000), consisting of a basic salary of ~₹2.14 crore, performance-linked incentives of ~₹1.11 crore, and other benefits of ~₹0.52 crore. His compensation increased 8% year-on-year from FY2023, though it remains modest by Indian banking standards due to regulatory constraints.
What is the Yes Bank CEO’s email address?
Prashant Kumar’s corporate email address is [email protected]. Yes Bank’s headquarters is at Yes Bank Tower, IFC 2, Senapati Bapat Marg, Elphinstone (W), Mumbai 400 013. He is also active on Twitter/X (@pk63).
How old is Prashant Kumar?
Prashant Kumar is approximately 65 years old (born circa 1961). He attended Delhi University from approximately 1977 to 1983, earning both a BSc and LLB degree — an unusual dual qualification for a banking CEO.
Is Yes Bank profitable?
Yes. Yes Bank has been consistently profitable since its turnaround under Prashant Kumar. In FY2025, the bank posted a net profit of approximately ₹3,174 crore. In Q3 FY2026, net profit surged 55% year-on-year to ₹952 crore, with return on assets improving to 0.9% and net NPA declining to just 0.3%. The bank’s turnaround from near-insolvency in 2020 is one of India’s most remarkable banking recoveries.
Who will be the next CEO of Yes Bank?
The RBI has approved Vinay Muralidhar Tonse as the next MD & CEO of Yes Bank for a three-year term. Tonse, aged 60, is a former SBI Managing Director who retired in November 2025. He is expected to take charge after Prashant Kumar’s extended tenure ends on April 6, 2026.
Article last updated: March 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including RBI filings, Yes Bank’s annual reports, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice. Net worth figures are estimates and may vary by source.