Shares of Yes Bank Ltd., the Mumbai-based private lender, opened higher on Friday, December 12. The stock has advanced in two of the past four sessions.

CNBC-TV18 has learnt from two people directly familiar with the matter that the bank's Nomination and Remuneration Committee has decided not to extend the tenure of Rajan Pental , Global Head of Retail Banking.

Pental, who joined the lender in 2015 and was elevated to Executive Director in February 2023 for a three-year term, is expected to exit when his tenure ends in February 2026.

The move comes amid continued pressure in the retail business. After turning small profits in FY22 and FY23, the segment slipped back into losses, reporting ₹9,726 crore in FY24 and ₹2,140 crore in FY25. Losses continued this fiscal as well, with ₹668 cro

See Full Page