YES Bank Limited (the Bank ) would like to intimate that it has received the resignation of Mr. Uttam Prakash Agarwal, an Independent Director and Chairman of the Audit Committee of the Board of the Bank.

In his resignation letter (as enclosed), Mr. Agarwal has made certain observations on the Bank s governance and the same shall be duly examined by the Board.

In this regard, the Bank would like to further intimate that the Bank was reviewing the fit and proper status of Mr. Agarwal as directed by the Reserve Bank of India. In this respect, the Bank had obtained legal opinions from eminent jurists. These opinions were to be considered by the Nomination and Remuneration Committee of the Board ( NRC )/ the Board of the Bank in their meetings scheduled for today, i.e., January 10, 2020. However, prior to the commencement of the proceedings of these meetings, the Bank received the resignation of Mr. Agarwal.

The NRC and the Board have taken on record Mr. Agarwal s resignation.

Kindly take note of the above.

The announcements made by the Bank can also be accessed at its website www.yesbank.in.

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SGX - Singapore Exchange Limited published this content on 10 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2020 13:57:02 UTC