New Delhi, April 4 -- Yes Bank has laid off four senior officials and revamped teams across retail, corporate and commercial banking businesses as part of its restructuring exercise, according to three persons aware of the matter. Mint has also reviewed a copy of the mail informing the employees of these changes.

Four senior-level officials-including Akshay Sapru, head of affluent and private banking; Dhaval Shah, head of SME banking; Sanjiv Roy, head of fee business; and Pankaj Sharma, chief strategy officer-have been asked to step down with immediate effect as on Thursday.

The strategy transformation team under Sharma has been disbanded, and the digital banking team under him will now report to Prashant Kumar, managing director and ch...