# Yes Bank Board Names Paul Verghese Parambi Independent Director From November 6

> Yes Bank appointed Paul Verghese Parambi as an additional independent director for a four-year term starting November 6, 2026.

- Published: 2026-10-17T15:35:33+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-17/yes-bank-parambi-independent-director
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/yes-bank-appoints-paul-verghese-parambi-independent-director/53793886)

## Key takeaways

- Yes Bank appointed Paul Verghese Parambi as an additional independent director effective November 6, 2026, for a four-year term ending November 5, 2030.
- Parambi served as Group President and Group Chief Risk Officer at Kotak Mahindra Group and brings over 36 years of experience in financial services.
- The board approved the appointment on October 17, 2026, on the Nomination & Remuneration Committee's recommendation, subject to shareholder approval.

[Yes Bank](https://akta.pro/company-profiles/00007hm/yes-bank) has appointed Paul Verghese Parambi as an additional independent director, effective November 6, 2026, for a four-year term ending November 5, 2030. The board approved the appointment on October 17, 2026, on the recommendation of the Nomination & Remuneration Committee, [ScanX](https://scanx.trade/stock-market-news/companies/yes-bank-appoints-paul-verghese-parambi-independent-director/53793886) reported. The appointment is subject to shareholder approval.

## Parambi's Risk and Strategy Background at Kotak

Parambi served as Group President and Group Chief Risk Officer at Kotak Mahindra Group, where he oversaw risk management for Kotak Mahindra Bank and its group companies. He was previously President of Consumer & Commercial Bank (Credit) and Head of Group Strategy for Kotak Group, and headed International Business for Kotak Group from 1995 to 2012. He joined Kotak in 1991 and began his career at Hindustan Unilever Limited in 1989. Parambi holds degrees from IIM Ahmedabad and IIT Madras, and serves as a trustee of the Kotak Education Foundation. The bank said Parambi brings over 36 years of experience in financial services, banking strategy and risk management. Yes Bank confirmed he is not debarred from holding office by SEBI or any statutory authority, and that he is not related to any directors. The disclosure was filed with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

## Yes Bank's Capital and Lending Moves in 2026

According to akta.pro [company records](https://akta.pro/company-data), Yes Bank's board met in June 2026 to consider raising up to ₹16,000 crore through equity and debt issuances to strengthen the balance sheet and fund growth initiatives. The same records show a September 2026 post-IPO debt round of $2 billion, and a May 2025 post-IPO secondary of $1.6 billion led by Sumitomo Mitsui Banking Corporation. Yes Bank operates 1,583 branches and BCBOs and more than 1,350 ATMs, and serves over 10 million customers, according to the same records.

## Earlier Yes Bank Leadership Changes

On October 17, 2026, Yes Bank appointed Sai Venkataramana Kosuri as Chief Vigilance Officer, effective November 25, 2026, with a three-year term until November 24, 2029, ScanX reported. Harish Sehgal, interim Chief Vigilance Officer since September 16, 2026, demits the office at the end of business hours on November 24, 2026, and will continue as Head AML and Principal Officer. On October 16, 2026, the Supreme Court set aside the write-down of Yes Bank's AT1 bonds worth Rs 8,415 crore, ruling in favor of bondholders, NDTV Profit reported.

## Kosuri's Start Date and Analyst Call

Kosuri's appointment as Chief Vigilance Officer takes effect November 25, 2026. Yes Bank rescheduled its Q2FY27 analyst call to Saturday, October 17, 2026, at 4:00 pm IST, featuring MD & CEO Vinay M. Tonse and CFO Niranjan Banodkar, ScanX reported.

## Companies in this story

- [Yes Bank company profile](https://akta.pro/company-profiles/00007hm/yes-bank) · website: http://yesbank.in

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