Yes Bank: Senior Leadership Exits Amid Ongoing Restructuring

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has seen the departure of two senior executives—Dhavan Shah (SME Banking) and Akshay Sapru (Private Banking & Liabilities Products)—as part of a broader internal restructuring. The bank is aiming to improve efficiency and cut costs, following recent layoffs of 500 employees and a 13% YoY rise in Q4 FY23 operating expenses.