Yes Bank ’s Nomination and Remuneration Committee (NRC) has decided not to extend the tenure of Rajan Pental, the bank’s Global Head of Retail Banking, CNBC-TV18 has learnt from two people directly aware of the matter. Pental, who joined Yes Bank in November 2015 and was appointed Executive Director in February 2023 for a three-year term, is likely to exit when his tenure ends in February 2026.

The committee’s decision comes against the backdrop of sustained losses in the retail segment. After small profits in FY22 and FY23, the bank reported retail-segment losses of ₹9,726 crore in FY24 and ₹2,140 crore in FY25. Losses persisted in FY26, with ₹668 crore in Q1 and ₹358 crore in Q2, despite ongoing attempts to scale and optimise the business.

Retail loans accounted for 48% of total advan

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