Yes Bank Share: Yes Bank explains why D. Shivakumar was appointed to the board

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Yes Bank Share: On Friday, June 27, 2025, Yes Bank’s share closed at ₹20.22, up 1%.

The bank informed the stock exchange on June 27 that an important governance-related change has been made to its board. Shweta Jalan, a Non-Executive Director and nominee of Verventa Holdings Limited, has resigned from her position. In her place, D. Shivakumar has been appointed to the board as Verventa’s nominee.

Shweta Jalan’s Resignation

Shweta Jalan resigned from the board on June 26, 2025, citing “other professional and work commitments” as the reason. Her resignation was accepted at the board meeting held on June 27.

Appointment of D. Shivakumar

In her place, Verventa Holdings Limited has nominated D. Shivakumar (DIN: 00364444) as a Non-Executive Director. His appointment was approved by the board during the June 27 meeting and is now subject to shareholder approval.

Shivakumar is a seasoned corporate leader and currently serves as an Operating Partner at Advent International. He has previously held top positions at leading companies including Aditya Birla Group, PepsiCo India, Nokia, and Philips.

Experience on Business and Academic Boards

Shivakumar has served on the boards of various companies and academic institutions such as Burger King, Godrej Consumer Products, IIM Ahmedabad, IIM Udaipur, XLRI, and SPJIMR. Yes Bank informed NSE and BSE that Shivakumar is not barred by SEBI or any regulatory authority and is eligible to be a director.

Following Shweta Jalan’s resignation, she has stepped down from all board committees she was part of — including the Fraud Monitoring, CSR & ESG, Capital Raising, and Nomination & Remuneration Committees. The bank has updated this information on its official website and informed both stock exchanges.

Key Financial Highlights of Yes Bank:

  1. Record Profit
    Q1 net profit was ₹2,406 crore — the best performance in the last five years.

  2. Net Interest Margin (NIM)
    NIM stood at 2.4% (vs. 2.5% in Q4). The bank aims to push it above 3.5% in the medium term.

  3. Return on Assets (ROA)
    ROA is currently 0.6% (was 0.7% in Q4). The target is to reach over 1% by FY27 and 1.5% by FY30.

  4. 26% Rise in Pre-Provision Operating Profit (PPOP)
    Operating profit reached ₹4,254 crore. PPOP/ATA ratio stands at 1%, reflecting improved core performance.

  5. Significant Improvement in Asset Quality
    Gross NPA is at 1.6% and Net NPA at 0.3% — the best since FY20.

  6. Strong Recovery
    The bank recovered ₹5,923 crore — surpassing its own estimate. Another ₹3,000 crore recovery is expected in FY26.

  7. Restructured Loan Book Reduced
    Restructured loans have fallen from ₹1,900 crore to ₹400 crore, indicating nearly complete cleanup of old bad loans.

  8. Growth Momentum
    The loan book now stands at ₹2.46 lakh crore, with a growth target of 12–15%.

  9. CASA Ratio Improvement
    CASA ratio improved to 34.3% from 30.9% last year. The CD ratio is 86.5%, and LCR stands at 125%, showing strong liquidity.

  10. Future Focus Areas
    The bank will focus on:

  • Improving margins

  • Driving quality growth

  • Enhancing operational efficiency

No sectoral stress is visible currently.

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