YES BANK has announced the upcoming departure of Mr. Ajay Rajan, the Country Head for Transaction Banking, Government, MNC, and New Economy Business. Mr. Rajan, who has served the institution for over 8.5 years, tendered his resignation to pursue a new professional opportunity. The Bank has confirmed that he will be relieved of his duties effective May 31, 2026, ensuring a smooth transition of his responsibilities.
Leadership Change Announced
YES BANK has formally notified stakeholders of a key management change. Mr. Ajay Rajan, who currently leads several critical divisions including Transaction Banking, Government, MNC, New Economy Business, and IBU, will be stepping down from his role. His resignation, submitted on April 9, 2026, is part of a planned transition, with his final day of service confirmed as May 31, 2026.
Reflecting on Tenure
During his 8.5-year tenure, Mr. Rajan played an integral role in the bank’s growth and the development of its strategic business units. In his resignation notice, he expressed gratitude to the leadership team and the Board of Directors for their support. He highlighted his pride in the institution’s resilience and its success in delivering technology-led, customer-centric financial solutions.
Looking Ahead
The bank is currently working to manage the transition following Mr. Rajan’s departure. Mr. Rajan has committed to ensuring full cooperation to facilitate a smooth handover of his portfolios. Despite his exit, he expressed continued confidence in the bank’s ability to maintain its growth trajectory and thrive as a leading financial institution.
Source: BSE
