General Announcement::Disclosure under Indian Listing Regulations

YBL/CS/2021-22/Int/006
August 27, 2021
India International Exchange IFSC Limited	The Singapore Exchange Securities Trading
101 First Floor, Hiranandani Signature Tower,	Limited
GIFT City IFSC - 382355, Gujarat, India	2, Shenton Way #19-00
	SGX Centre 1, Singapore 068804
The London Stock Exchange
10, Patemoster Square,
London, EC4M 7LS
Dear Sirs,

Sub: Disclosure under Indian Listing Regulations - Outcome of the 17th Annual General Meeting of YES Bank Limited held on August 27, 2021.

Please find enclosed herewith the Outcome of the 17th Annual General Meeting of YES Bank Limited held on August 27, 2021.

Kindly take note of the above.

Thanking you,

Yours faithfully,

For YES BANK LIMITED

Shivanand R. Shettigar

Company Secretary

Encl: As above

Regd. & Corporate Office: YES BANK House, Off Western Express Highway, Santacruz East, Mumbai 400055, India Tel: [phone], Fax: [phone]

Website: www.yesbank.inEmail: [e-mail] ‐ L65190MH2003PLC143249

Summary of the proceedings of the Seventeenth Annual General Meeting of YES BANK Limited held on August 27, 2021

The Seventeenth Annual General Meeting ("AGM") of the Members of the Bank was held on Friday, August 27, 2021 through Video Conferencing ('VC') / Other Audio Visual Means ("OAVM"). The Meeting was conducted in accordance with the provisions of the Companies Act, 2013, read with Circulars and Notifications issued by the Ministry of Corporate Affairs ("MCA") and the Securities and Exchange Board of India ("SEBI").

The meeting commenced at 11:00 AM (IST) and concluded at 1:57 PM (IST) (including time allowed for evoting at AGM).

Mr. Sunil Mehta, Non-Executive Chairman of the Bank, chaired the proceedings of the meeting.

Total 467 Members (including authorized representatives) attended the meeting as per the attendance records for the AGM. The details of authorized representations received from corporate shareholders were informed to the Members. Since, there was no physical attendance of Members and in compliance with the Circulars issued by the MCA and SEBI; members were informed that the requirement of appointing proxies was not applicable.

The AGM was attended by the following Directors on the Board of the Bank either at Office of the Bank or through VC/OAVM:

Mr. Sunil Mehta		Non- Executive Chairman and Chairman of the Board Credit
			Committee, Risk Management Committee and Capital Raising
			Committee
Mr. Prashant Kumar		Managing Director & Chief Executive Officer
Mr. Mahesh Krishnamurti	Non-Executive Director and Chairman of the Nomination &
			Remuneration Committee, Stakeholders Relationship
			Committee, Customer Service Committee and IT Strategy
			Committee
Mr. Atul Bheda		Non-Executive Director and Chairman of the Audit
			Committee and Corporate Social Responsibility Committee
Mr. R. Gandhi		Additional Director appointed by RBI
Mr.	Ananth	Narayan	Additional Director appointed by RBI
Gopalakrishnan
Mr. V S Radhakrishnan	Nominee Director appointed by State Bank of India
Mr. Ravindra Pandey		Nominee Director appointed by State Bank of India

The representatives of the Statutory Auditors and Secretarial Auditors were also present through VC/OAVM.

Regd. & Corporate Office: YES BANK House, Off Western Express Highway, Santacruz East, Mumbai 400055, India Tel: [phone], Fax : [phone]

Website: www.yesbank.inEmail: [e-mail] - L65190MH2003PLC143249

Page 1 of 3

After ascertaining from the Company Secretary that the requisite quorum was present at the AGM, the Chairman called the Meeting to order. The Chairman informed the Members that the Registers and documents as required under various laws were available online for inspection of members along with the E-Voting facility with NSDL.

The Chairman then requested the Company Secretary to bring to the attention of the Members about the Statutory Auditors' Report as required under Section 145 of the Companies Act, 2013 and Secretarial Audit Report as required under Para 13.2 of Secretarial Standards - 2 on General Meetings.

The Company Secretary informed the members that the Statutory Auditors of the Bank had given an unmodified opinion as mentioned in the Auditors Report for FY 2020-21 and also there are no observations, reservations or adverse remarks in the Secretarial Audit Report for FY 2020-21 accordingly, pursuant to the aforesaid provisions both the Audit Reports were taken as read.

The Chairman informed the Members that pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Bank had provided the Remote e-voting facility to the Members of the Bank in respect of businesses to be transacted at the AGM. The Remote e-voting commenced at 10.00 A.M. on August 23, 2021 and ended at 5:00 P.M. on August 26, 2021. Further, the Bank had offered the facility for e- voting during the AGM on all the 5 (Five) resolutions to facilitate the Members who could not cast their votes earlier through Remote e-Voting. It was clarified that only those Members holding shares of the Bank as on the Cut-off date i.e. Friday, August 20, 2021 were eligible to participate in the Remote e-voting process and the eligible Members who had not voted on the resolutions through the Remote e-voting facility can cast their votes in respect of the shares held on that date.

On the invitation of the Chairman, several members addressed the Meeting, gave their suggestions and raised queries on the Bank's accounts and businesses, which were replied by the Managing Director & CEO. The Chairman stated that the consolidated results of the Remote E-voting and E- Voting would be announced after the AGM and the results alongwith the Scrutinizer's Report would be intimated to the Stock Exchanges in terms of the Listing Regulations and would be placed on the website of the Bank and also on the website of National Securities Depositories Limited and would also be displayed at the Registered Office of the Bank.

The resolutions related to the following business as set out in the Notice of AGM were passed by the Members with requisite majority:

ORDINARY BUSINESS:

1. Adoption of the:
2. 1. the audited standalone financial statements of the Bank for the financial year ended March 31, 2021 and the Reports of the Board of Directors and the Auditors thereon; and

Regd. & Corporate Office: YES BANK House, Off Western Express Highway, Santacruz East, Mumbai 400055, India Tel: [phone], Fax : [phone]

Website: www.yesbank.inEmail: [e-mail] - L65190MH2003PLC143249

Page 2 of 3

1. 1. the audited consolidated financial statements of the Bank for the financial year ended March 31, 2021 and the Report of the Auditors thereon (Ordinary Resolution);
2. Approval for amending the terms of appointment of M/s M. P. Chitale & Co., Statutory Auditors in compliance with recent RBI circular on Appointment of Auditors (RBI Circular No. DoS.CO.ARG/SEC.01/08.91.001/2021- 22 dated April 27, 2021) (Ordinary Resolution);
3. Approval for appointment of M/s Chokshi & Chokshi LLP, Chartered Accountants, as Joint Statutory Auditors (Ordinary Resolution);

SPECIAL BUSINESS:

1. Noting of the appointment of Mr. Ravindra Pandey (DIN - 07188637) as a Nominee Director (Ordinary Resolution); and
2. Approval for capital raising through issuance of debt securities (Special Resolution).

The Board had appointed Mr. B. Narasimhan, Proprietor of B. N. & Associates, Practicing Company Secretary as Scrutinizer to scrutinize the Remote e-Voting process and e-Voting through at the AGM of the Bank, in a fair and transparent manner.

The Chairman authorized the Company Secretary that on receipt of the Scrutinizer's Report, declare the voting results, intimate the stock exchanges and place the same on the website of the Company.

This is for your information and records.

Thanking you,

Yours sincerely,

For YES BANK Limited

Shivanand R. Shettigar

Company Secretary

Regd. & Corporate Office: YES BANK House, Off Western Express Highway, Santacruz East, Mumbai 400055, India Tel: [phone], Fax : [phone]

Website: www.yesbank.inEmail: [e-mail] - L65190MH2003PLC143249

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Press Release

17th AGM of YES BANK - Friday, August 27, 2021

Shareholders fully support all Resolutions proposed by the Board of

Directors of YES BANK

Mumbai, August 27, 2021: The General body of the Shareholders of YES BANK, has approved all the five (5) Resolutions with an overwhelming majority, in the 17th Annual General Meeting (AGM) held virtually on August 27, 2021. The outcome reflects a summation of remote E-voting and voting through electronic means at the AGM on August 27, 2021.

L-R: Mr. Niranjan Banodkar, CFO; Mr. V. S. Radhakrishnan, SBI Nominee Director; Mr. Atul Bheda, Non-Executive Director;

Mr. Prashant Kumar, MD&CEO; Mr. Sunil Mehta, Chairman; Mr. Ananth Narayan Gopalakrishnan, Additional Director

appointed by RBI; Mr. Ravindra Pandey, SBI Nominee Director and Mr. Shivanand Shettigar, Company Secretary.

Mr. Mahesh Krishnamurti, Non- Executive Director and Mr. R. Gandhi, Additional Director appointed by RBI attended the AGM

remotely.

The Shareholders approved the following:

Ordinary Business:

1. Adoption of Annual Audited standalone and consolidated financial statements of the Bank for the year ended March 31, 2021 (Ordinary Resolution);
2. Amendment in the terms of appointment of M/s M. P. Chitale & Co., Statutory Auditors in compliance with recent RBI circular on Appointment of Auditors (RBI Circular No. DoS.CO.ARG/SEC.01/08.91.001/2021- 22 dated April 27, 2021) (Ordinary Resolution);
3. Appointment of M/s Chokshi & Chokshi LLP, Chartered Accountants, as Joint Statutory Auditors (Ordinary Resolution);

Special Business:

1. Noted appointment of Mr. Ravindra Pandey (DIN - 07188637) as a Nominee Director (Ordinary Resolution); and
2. Authorized capital raising through issuance of debt securities (Special Resolution)

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