Mumbai, April 5 -- Yes Bank has laid off four senior executives and revamped teams across retail, corporate and commercial banking businesses as part of its restructuring exercise, according to three people in the know. Mint has reviewed a copy of the mail informing the employees of these changes.
Four senior-level officials-Akshay Sapru, head of affluent and private banking; Dhaval Shah, head of SME banking; Sanjiv Roy, head of fee business; and chief strategy officer Pankaj Sharma-were asked to step down with immediate effect as on Thursday.
The strategy transformation team under Sharma was disbanded, and the digital banking team under him will report to Prashant Kumar, managing director and chief executive, according to one of the peop...