Yes Bank has received shareholder approval for the remuneration of its Managing Director and Chief Executive Officer, Prashant Kumar (DIN: 07562475), following the clearance from the Reserve Bank of India (RBI) dated September 16, 2025. Check Yes Bank CEO & MD Salary Slip below.
Fixed Pay of ₹4.20 Crore
For FY 2025–26, Kumar’s fixed pay has been set at ₹4.20 crore, which includes salary, allowances and perquisites.
The key components are:
- Basic Salary: ₹82.44 lakh
- Provident Fund & Gratuity: ₹13.85 lakh
- Leave Fare Allowance: ₹6.87 lakh
- Other Fixed Allowances: ₹1.92 crore
- Perquisites:
- Furnished house and maintenance worth ₹72 lakh
- Two cars (one official, one personal) along with drivers’ salaries of up to ₹8 lakh
- Club memberships of ₹12 lakh
- Furniture, electricity, life insurance, residence telephone and other facilities
The variable pay is linked to organizational, business unit and individual performance, in line with RBI’s November 2019 circular. It is also subject to deferral, claw-back and malus clauses.
For FY 2025–26, Kumar’s variable pay will again be decided by the Board and the RBI, depending on the bank’s performance.
A Look at the Bigger Picture
The remuneration structure reflects a growing trend in Indian banking where top executives’ pay is closely tied to performance and regulatory approvals. Apart from fixed salary and allowances, a large portion of compensation now depends on stock options and bonuses linked to results.
