Mumbai: YES Bank on Tuesday disclosed a change in its senior management with the exit of its chief risk officer, even as the Reserve Bank of India approved a six-month extension in the tenure of executive director Rajan Pental, underscoring a phase of transition at the private lender.
YES Bank Ltd on January 21 informed stock exchanges that its chief risk officer (CRO) Tushar Patankar has stepped down, marking a key change in the bank’s senior management, while the Reserve Bank of India (RBI) approved the reappointment of executive director Rajan Pental for a further six months.
In a regulatory filing, the bank said Patankar had tendered his resignation on November 12, 2025, citing personal career aspirations, and was relieved from his duties with effect from the close of business hours on January 21, 2026.
Patankar’s exit comes at a time when lenders remain under heightened regulatory focus on risk governance, asset quality and compliance.
Separately, YES Bank said the RBI has approved the extension of Rajan Pental’s tenure as executive director from February 2, 2026, to July 31, 2026, which coincides with his superannuation date.
The reappointment will be subject to shareholders’ approval, the bank added.
Pental, who has been with YES Bank since November 2015, oversees a wide portfolio spanning retail and affluent banking, SME and rural banking, liabilities and assets businesses, marketing, operations, technology solutions and customer experience.