YES BANK has announced the appointment of Mr. Paul Verghese Parambi as an Additional (Independent) Director. His tenure will be for four years, effective from November 06, 2026, to November 05, 2030, subject to shareholder approval. Mr. Parambi brings over 36 years of financial services experience, including leadership roles at Kotak Mahindra Group.
YES BANK Appoints New Independent Director
YES BANK Limited has announced a significant addition to its Board of Directors. Following a recommendation from its Nomination & Remuneration Committee, the Bank’s Board of Directors approved the appointment of Mr. Paul Verghese Parambi as an Additional (Independent) Director. This appointment is scheduled to take effect from November 06, 2026, and will conclude on November 05, 2030, spanning a period of four years. The appointment is subject to the necessary approval from the Bank’s shareholders.
Director’s Profile and Experience
Mr. Paul Verghese Parambi (DIN: 07002589) is a seasoned financial services professional with an extensive career of over 36 years. His experience encompasses driving strategy, risk mitigation, and growth across the banking and comprehensive financial services sectors. He most recently served as Group President and Group Chief Risk Officer for the Kotak Mahindra Group, overseeing risk management across the bank and its group companies. Prior to this, he held positions such as President of Consumer & Commercial Bank (Credit) and Head of Group Strategy for Kotak Group, playing a key role in charting strategic direction and driving organizational development. Mr. Parambi also led the International Business for the Kotak Group for several years and has served on the boards of its international subsidiaries. He began his career in 1989 with Hindustan Unilever Limited and is an alumnus of IIM Ahmedabad and IIT Madras. He is also involved in social impact initiatives as a Trustee of the Kotak Education Foundation.
Confirmation of Eligibility
The Bank has confirmed, in line with relevant circulars from BSE Limited and the National Stock Exchange of India Limited, that Mr. Paul Verghese Parambi is not debarred from holding the office of director by any order from SEBI or any other statutory authority. The Bank also clarified that Mr. Parambi is not related to any of the existing Directors of YES BANK.
Board Meeting Details
The Board Meeting during which this appointment was approved commenced at 10:00 a.m. IST and concluded at 07:30 p.m. IST on Saturday, October 17, 2026.
Source: BSE
